Power of attorney leads to theft charges for Colorado man

On December 24, 2012

Colorado residents who put off making plans for the end of their lives often reason that they don’t know where to begin. Others confess to a fear of making mistakes in the process, which usually leads to procrastination. There’s nothing wrong with not having the tools you need for effective estate planning, as long as you’re willing to seek them out. Searching for the right answers is far preferable to doing nothing out of fear you’ll do it wrong. And…
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How to choose an Estate Planner or at least one way to.

On December 21, 2012

The world isn’t coming to an end today so it is time to make some plans for 2013. Top of my list, getting my Estate Planning done. Well not really but this is the year I am going to get around to it. Every day you see reasons to do Estate Planning. Drunk driver crosses the median and takes out and on coming driver. Workplace accident kills a worker. Senseless act leaves a person disabled or dead. Mother Nature unleashes…
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Strategies to avoid probate could do more harm than good

On December 18, 2012

If you’re one of the many Colorado residents who have taken steps toward planning their estate, congratulations. Preparing for the time when your assets and property will be passed down to your loved ones is important, regardless of what stage of life you’re currently in or the size of your estate. While in the process of planning for your future, you or your relatives may be unsure about the best ways to avoid problems that come up when it’s time…
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How should heirs’ potential divorce figure into estate planning?

On December 12, 2012

There are many reasons Colorado residents continually put off making plans for their estate. Some, of course, have a hard time believing they’ll need those plans in place anytime soon. But even those who realize the importance of estate planning may feel bogged down by the number of details involved. That can be enough to make people feel overwhelmed and continue to procrastinate. Estate planning entails preparing for a variety of future scenarios. These might involve not just you, the…
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Want to “Bullet-Proof” An Inheritance?

On December 11, 2012

Trusts are great tools to protect your assests and there are a variety available for estate planners to use.  The statistics tell us that the average time from when an inheritance is received until it is gone is only about 18 months. Even when the recipients are mature, stable, and well-intentioned, a sudden influx of assets can trigger a number of new issues, many of which could be less than healthy for the inheritance. Even for the most stable heirs,…
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Colorado family’s estate litigation offers lessons for others

On December 5, 2012

If you’re from a close-knit family, you may not be able to imagine what it’s like to be embroiled in a feud that pits you and your siblings against each other. But when it comes to handling the family estate, personal and financial issues can tear apart families with astonishing force. An Aurora, Colorado, woman and her nine siblings discovered this when it came time to deal with their father’s estate. Their story offers some important lessons for other families…
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It’s never too early to protect your estate from future fraud

On November 28, 2012

Are you in control of your own finances? If you’re relatively young and in good health, the answer is probably yes. But unless you have the power to predict the future, just having a handle on your present financial life isn’t good enough. If you suddenly become incapacitated, you’ll be reliant on someone else to handle your affairs, and you may not have the ability to choose who that person is. When people grow old to the point that they…
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Same-sex couples in Colorado have special estate considerations

On November 14, 2012

A recent poll of randomly selected households across Colorado found that the majority of the state’s residents support some form of legal recognition of same-sex relationships, either through marriage or civil unions. Residents over 65 were less likely than younger Coloradans to support gay marriage, but almost half support civil unions. Voters under 34 were the most supportive of same-sex marriage, at 40 percent. Why do these opinions matter? Because in Colorado, voters have a say in the rights of…
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Wills can include both physical and intellectual property

On November 7, 2012

If you’re a painter, writer or other type of creative artist, you probably have a few unfinished projects lying around. Some may be works in progress, while others could be castoffs that you decided not to finish because you ran out of inspiration or money. You may choose to keep these unfinished works, either because you can’t bear to destroy it or hope it will contribute to a future project. Whatever the case, they are your personal property, in more…
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Assumptions shouldn’t stop you from planning your estate

On October 31, 2012

There are plenty of reasons why people fail to plan what will become of their assets and possessions after death. Some are uncomfortable thinking about the end of their lives. Others assume that their lack of descendants or valuables means that there will be nothing to sort out after they die. Still others are so flummoxed by the complexities of estate planning that it’s easier for them to just keep putting it off. But none of these reasons should prevent…
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