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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Probate of frozen food magnate Jeno Palucci drags on

On October 25, 2012

When someone dies and their assets weren’t designated to specific beneficiaries, probate is required. Dividing a loved one’s estate after they’ve passed can be often times be an emotional situation, especially when there are a lot of valuables involved. In the case of Jeno Paulucci and his wife, Lois, a battle of their estate is still being fought almost one year after their deaths. The couple appointed new trustees to their $100 million trusts just six weeks before dying. Jeno…
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Don’t be caught off-guard by estate planning myths

On October 17, 2012

It’s Estate Planning Awareness Week, a perfect occasion to clear up some widespread misconceptions about the importance of making plans for the future. Just about every Colorado resident can benefit from estate planning, from millionaires to children of low-income parents. The only difference is in the individual choices you make about your assets, health care or the welfare of your children. One of the most common myths about estate planning is that only the wealthy need it. While those with…
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Revocable living trusts prevent probate, failed intentions

On October 10, 2012

One of the reasons so many people fail to plan for their future — and their children’s and grandchildren’s future — is that ironing out all the details can quickly become too confusing and overwhelming. This is especially true when it comes to estate planning and trust administration, both of which are unfamiliar to most people. And since the end of life for most of us seems like a long way off, these planning elements don’t feel very urgent most…
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Relative, conservator battle over Colorado man’s estate

On October 3, 2012

We often discuss the importance of estate planning. While most people don’t like to think about their own death, none of us is immortal. But estate planning isn’t just about what happens after you die. If you become incapacitated in some way and can’t make decisions for yourself, you may need to rely on a family member, business partner or someone else you trust to make decisions for you. These could involve your health care, estate or other personal interests….
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