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Posts tagged "estate planning"

Do You Really Need a Will?

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, avoiding conversations about death doesn't actually ensure immortality, and none of us can know when estate planning documents might be necessary.

Single Parents and Estate Planning

One thing that single parents in Colorado should make a priority is estate planning. Even though the thought of not being around for their kids is not a pleasant one, the idea of having the courts choose someone random to raise their kids is even more distressing. Careful consideration should be given to the distant future so they can make plans to protect their children. 

How Can I Create a Bulletproof Estate Plan?

As a lifelong resident of Colorado, it is not enough for you to just create a will to protect your assets. You need to make sure your plans are dispute proof. Rushing through the estate planning process can lead to mistakes that can result in your final wishes being ignored. 

It's Never Too Late: Estate Planning After Retirement

Have you been putting off your estate plan? It can be hard to focus early in life on what to do with your assets. The very thought of no longer being around for your family is hard to approach, but once you reach retirement the need to have complete a full estate plan begins to feel very real.

Might a living trust be the right estate planning tool for you?

At the Arvada Law Offices of Karen Brady, P.C., we create comprehensive estate plans for our clients. As we have previously blogged, the revocable living trust is a vehicle that can allow you to bypass the probate process in Colorado state court as well as provide a seamless way to have your assets managed without court involvement should you become incapacitated.

Not sure where to start with your estate plan? 3 options to consider.

Your New Year to-do list may include getting an estate plan. The process of putting together the documents that make up this plan is often overlooked or postponed. As a result, if you find yourself pushing this item lower and lower on your list, you are not alone.

Prince fortune diminished by lack of estate planning

The celebrated singer Prince, who at only 57 years old accidently died in April of an accidental opioid overdose at his Minnesota recording studio, was unquestionably a brilliant musician. Unfortunately, he was not as wise when it came to planning his estate, as he famously died without a will that could have directed where he wanted his sizeable assets to go upon his death.

How divorce and remarriage could impact your Colorado estate plan

Whether the proverbial ink has just dried on your divorce decree or you have been divorced long enough to already enter into a subsequent marriage, you should read this. After the turmoil of a divorce, one of the last things on your mind is probably the impact that it will have on your estate plan, but, you must understand what will happen if you don't review and redraft those vital documents.

The danger of gifting property in equal shares

They are often some of the best memories: family gathered together during the holidays or a summer vacation with children playing and adults debating. As children move away how can you keep this meeting spot in the family? For a cabin or remote property who will pay for the upkeep? What happens if no one uses it at some point?

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