Deciding what is best for a given situation can be difficult, even if you are making decisions for yourself. Many variables could come into play, depending on the exact scenario, and you may have multiple courses of action available. Though you undoubtedly hope that...
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Colorado Springs Legal Blog
Have you taken the time to appoint beneficiaries?
When creating an estate plan, you and many other Colorado residents have many factors regarding your finances and assets to consider. While you could address certain pieces of property in your will as far as whom you want to receive each item, you could also assign...
Was your parent recently diagnosed with Alzheimer’s?
As people age, problems can arise that put them in difficult situations. You may have noticed that your parent no longer seems to be able to handle his or her affairs alone as well anymore, and you may even have suspected memory issues. While some cognitive problems...
Has the time come to encourage your parents to talk about an estate plan?
As you grew into adulthood, you may have started thinking about having to take care of your parents as they got older. You may have accepted this possibility and felt willing to provide that care when the time came. Of course, you did not want to overstep your...
Special needs children may need guardians, conservators
When you first began thinking about becoming a parent, you likely envisioned watching your child grow into an adult who could handle his or her own affairs. You may have anticipated bittersweet moments like having your child live on his or her own for the first time,...
What can a trust do that a will cannot?
Wills and trusts are components of many estate plans, and each have advantages. For example, a will covers all of the property that is only in your name at your death. A will also allows you to name a guardian for your children and detail your wishes for your funeral....
Taking care of your family later means making a plan now
Estate planning may not be at the top of your list. It’s easier to push those thoughts off until later down the line, but having a plan in place now can make all the difference to your family when they need the answers you can no longer give. The sooner you get...
Do I need both a medical and financial power of attorney?
Planning for the future isn’t always easy. There are many things to consider, and you’re probably not ready to think about them. You want to hold onto the belief that nothing is changing, even when you know how important it is to start planning early. If you are...
What to do when elderly financial abuse hits close to home
Your parents took care of you for a long time, and you want to return the favor by protecting them when they need it. Unfortunately, the nature of elder abuse means that time may already be here. Studies have shown that one in five seniors has been the victim of...
Will a no-contest clause prevent my will from being contested?
Your will is an important document that lays out exactly how you want your assets distributed to those you love and cherish. It takes time, and careful planning—the decisions you make while creating one are not made lightly. You don't want anyone trying to change your...