Colorado Estate Planning And Estate Settlement Legal Blog
Preparing a “do-it-yourself” will when you are not experienced in estate planning is kind of like changing your own oil when you have never done any mechanical work. You may be able to do it, but chances are you are going to make mistakes and probably a mess as well. Below are just a few of the common mistakes made…Read More
If you have already created your will, you are well ahead of most Americans. However, many people do not realize that wills must not only reflect their wishes, they must also abide by current laws and changes in their lives. If the provisions laid out in your will do not align with your life circumstances and the current laws when…Read More
Different states vary in eligibility terms for Medicaid long-term care. Some states allow Medicaid applicants to spend down their money on care until they are under the Medicaid limit. Then they can apply. Those states are considered non-income cap states. Colorado is considered an income cap state. This means that Medicaid eligibility has a hard income limit. Anyone who has…Read More
As your parents are getting older, you might need to have some difficult discussions with them. One of these discussions is about what types of health care they want when they can’t make the decisions for themselves. Thinking about these matters isn’t necessarily pleasant, but it is important so that you can make sure your parents only have the treatments…Read More
There’s an old saying that nothing is certain in life except death and taxes. However, if the latest reports from the U.S. Treasury are any indication, taxation after death may be less a certainty and more a result of a dice roll. Investigations into the Internal Revenue Service (IRS) procedures for handling the reviews of gift and estate taxes say…Read More
When you are ready to do your estate planning, you can always show up at your attorney’s office and have him or her walk through the entire planning process with you, but there are questions he or she is going to have to ask. Having the answers ahead of time can streamline that process and help you avoid making snap…Read More
If there’s one common mistake people make when dealing with their last will or estate plan other than putting it off too long, it’s treating the process like a one-time responsibility. Some people will create a basic last will, trust or estate plan and then move on, assuming that they no longer have to worry about their assets and end-of-life…Read More
If there’s one common mistake people make when dealing with their last will or estate plan other than putting it off too long, it’s treating the process like a one-time responsibility. Some people will create a basic last will, trust or estate plan and then move on, assuming that they no longer have to worry about their assets and end-of-life…Read More
What do you do when a charitable trust outlives it’s stated purpose or terms? In some cases, it may be necessary to dissolve the trust. In other cases, the court can use the legal doctrine known as “cy pres” to fulfill the intent of the trust, even if it is no longer possible to fulfill the exact terms in the…Read More
While most people think about their children and heirs when it comes to estate planning, pets often get left to anyone who will take them. This does not always fair well for someone’s cherished companion. Many pets have known only one caretaker all of their lives and just like humans, they are going to experience a deep sense of loss.…Read More
