Beastie Boy’s will illustrates guardianship issue

On August 31, 2012

After his recent untimely death from cancer at the age of 47, Beastie Boys co-founder Adam Yauch left a personal fortune estimated at $6.4 million. Those assets will be distributed under the provisions of a trust, the details of which have not been made public. His will, however, indicates that he struggled with the issue of whom to name as the guardian for his daughter. Yauch and his wife apparently didn’t agree on who should raise their child if they…
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When should you revisit your estate plan?

On August 23, 2012

Have you taken the time to sit down and form an estate plan? If so, congratulations. You’ve taken a crucial step, one that adults of all ages should take no matter what their age or health status. But that doesn’t mean you’re home free. Because life circumstances can change, you’ll want to take a look at your will, living trust or any other plans you’ve made regarding the end of your life. A good rule of thumb is to revisit…
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Colorado woman’s son with power of attorney accused of theft

On August 15, 2012

One of the most common problems families have when a loved one dies is a lack of foresight. We talk often in this blog about the importance of estate planning to avoid family arguments and second guesses about a recently deceased or incapacitated person’s last wishes. But even families who have an estate plan, power of attorney and executor ready to see these wishes carried out can run into problems. Two children of a Bloomer, Colorado, woman have been accused…
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Advanced directives are essential in estate planning

On August 10, 2012

How do you want to die? It’s a jarring question, to be sure. We start asking each other as children, but it seems the older we get, the more we shy away from the answer. When questions about our final days go from playful speculation to realistic planning, they can be uncomfortable for us and our family members, but they also become much more important. Advanced directives are an ideal way to let your loved ones and your doctors know…
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Estate planning essential if you have children with special needs

On August 1, 2012

Parents of special needs children will obviously face different issues raising their children. Among these issues is how to plan for the child’s care once the parents pass on. Estate planning is a necessity for Colorado parents with special needs children. When a child is born with a disability, such as cerebral palsy, parents must take into consideration the rising costs that will accompany the disability as the child and the parents age, and are possibly no longer around to…
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