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...
Kirtland & Seal, L.L.C.
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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...
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...
Consider an incentive trust for your heirs
You probably don't want to control every aspect of your heir's future -- but, at the same time, you may have some strong feelings about just handing someone a tremendous amount of wealth with no strings attached. That's where an incentive trust can be valuable....
What does ‘financing death’ mean?
Part of effective end-of-life planning includes figuring out how your loved ones will have immediate access to cash right after you are gone -- including enough money to pay your funeral expenses. That can be a little trickier than it sounds. The average price for an...
What do you need to keep in your ‘end-of-life’ drawer?
You know, sooner or later, your day will come, and your heirs will be left trying to make sure that your final wishes are followed. As a result, you've had a will made and taken other preparations to make things easier. Now, what do you do with everything? What all...
How do I revoke a power of attorney?
There are times when you need to revoke the power of attorney you granted someone in the past. A few weeks ago, we talked about some of the reasons people have for revoking a power of attorney (POA). Now, let's talk about the right way to revoke a POA -- because this...
