5 Main Types of Advance Medical Directives: An Overview (Pt. 2)

On March 31, 2015

Resuming 5 Main Types of Advance Medical Directives: An Overview (Pt. 1), here, we will continue pointing out the various options for these types of estate planning tools. More Forms of Advance Medical Directives 3 – Durable Medical Powers of Attorney With medical powers of attorney as advance medical directives, people can name an “Agent” who will have the authority to make health care decisions on their behalf when they are unable to do so. When medical powers of attorney…
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5 Main Types of Advance Medical Directives: An Overview (Pt. 1)

On March 25, 2015

While every adult in the U.S. is entitled to refuse or consent to medical care, knowing what a specific adult individual would prefer for health care can be difficult in the event that adult becomes incapacitated. When this occurs, estate planning tools known as advance medical directives can be crucial, as these directives can detail various wishes a person has about medical care and/or end of life decisions. Taking a closer look at how these directives can be developed and…
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Colorado Wills: 7 Facts You Should Know (Pt. 3)

On March 20, 2015

Here’s the conclusion to our blog series Colorado Wills: 7 Facts You Should Know. Colorado Wills: Additional Important Info Fact 5 – Colorado wills may provide some estate tax savings. When Colorado wills are properly drafted, they can help reduce certain estate tax obligations for beneficiaries – or potentially eliminate these obligations altogether. This can be done through, for example, the development of trusts or other estate planning tools with Colorado wills. Here, it’s crucial to note that: Estate tax…
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Colorado Wills: 7 Facts You Should Know (Pt. 2)

On March 15, 2015

Resuming Colorado Wills: 7 Facts You Should Know (Pt. 1), here, we’ll continue highlighting some essential information to know about wills in Colorado. More Important Info about Colorado Wills Fact 3 – Colorado wills can and sometimes should be revised. Once you have an authorized will in place, you should be aware that this may not be the final step you need to take in terms of estate planning. In fact, as your life circumstances change, revising and updating your…
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Colorado Wills: 7 Facts You Should Know (Pt. 1)

On March 10, 2015

Thinking about drafting a will and how you want your assets to be distributed upon your passing may seem like a grim or morbid thought. However, putting this off can be a risky thing, as not having a will upon your death can end up costing your loved ones a lot of stress, time and money. In fact, as the Colorado Bar Association notes, “a will is the most common estate planning document that all individuals should create regardless of…
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Powers of Attorney FAQs (Pt. 3)

On March 5, 2015

Wrapping up our blog series Powers of Attorney FAQs, below are some more answers about this essential aspect of estate planning. Additional Answers about Powers of Attorney Q: Can I change powers of attorney in the future? A: Yes, as long as you have the capacity to do so. In other words, if you are NOT incapacitated and you change your mind about any aspects of your powers of attorney, you can revise or revoke these powers. When it comes…
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