According to a 2017 survey, only 4 in 10 American adults have estate planning documents.Wills and estate planning are associated with old age, and it's all too easy for us to convince ourselves that we can put off estate planning for decades to come. Unfortunately,...
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Wills
Protecting Your Will Against Future Challenges
You have invested a lot of thought into your estate planning, taking care to distribute your assets fairly and effectively. You definitely do not want your wishes challenged and your estate wasted in probate litigation after you pass.Knowing the basics of a valid will...
What Happens if You Die Without a Will in Colorado?
If you want to ensure you have a say as far as who is going to receive your assets after your passing, it is essential that you create a will. Otherwise, you relinquish control over your own belongings, and the duty of distributing them falls into the hands of the...
Executor Choice and Inheritance Disputes
Many people in Colorado believe that they can keep their loved ones from fighting over their inheritances with estate plans. Unfortunately, death and inheritances often bring out the worse in some people. One common reason why some individuals fight over a loved...
3 ways having a baby can jump start your estate plan
Having a baby is a life changing event. Not only does this new addition convert a couple into a family unit, but the little bundle of joy may also impact how the couple views the world around them. If the financial impact of raising a family has not yet become a...
Why You Should Prepare a Will in Time
Drafting a will is widely considered to be a significant act that every property owner should implement during their lifetime. Saying Wills aren't important would be an understatement of the year, especially with the rising cases of property feuds. When you think of...
Understanding Wills & Estate Planning
Formally known as a last will and testament, a will is an important component of planning any estate properly. A will is a legal document which serves to allocate a person's assets, finances, and property upon their death.Estate planning is not a "one size fits all"...
Grounds for Contesting Wills
If you feel a will written by your relative has been created through unfair means, you have the right to hire an attorney and protest the will in court. Under the family protection law, you can apply to family court or a high court asking for compensation if you have...
Here’s why you should have a will
Making a will is one of those things in life that's easy to put off. You either think you're too young to have a will or the very idea of thinking about your eventual death and its repercussions is too much to take. As hard as it might be, having a will is one of the...
Make your medical instructions clear, detailed and comprehensive
Colorado law establishes avenues for people to direct their medical care should they become incapacitated and unable to do so. A recent study raises the issue of how important it is for a person to include in their advance directives instructions that are specifically...