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I often discuss the virtue of planning ahead, so that you are not stuck with the default rules about who gets assets after you pass away. Many of what I discuss focuses on how you may want different things to happen with your assets than the default rules set up by the Colorado legislature, but there is a lot more to consider when death arrives … [Read more...]
Working With Your Estate Planning Attorney to Get What You Want
I was on a Zoom meeting recently with another attorney, and that attorney mentioned that she likes to write blog posts because it gives her more of a chance to do legal writing. I listened to what she meant by that and she talked about how a blog post gives her a chance to write something to explain one aspect of the law, or another, and that she … [Read more...]
Why Death Is No Laughing Matter, But Estate Planning Is!
When I was a child, I watched cartoons on Saturday morning, as I suspect many of us did. My siblings and I would watch cartoons, and if we were lucky, Mom and Dad would not be in the same room when Saturday morning cartoons were over, and we could keep watching TV until our parents intervened. Often we would only get a few minutes into the next … [Read more...]
Adventures in Mobile Estate Planning – Replacing the Banister
A little over twenty years ago, my wife and I purchased a couch. It was our first major furniture purchase together and we paid something like $400 for the couch, which was HUGE money for a young couple like we were. My wife was working while I was in law school, but it was still a big purchase. The couch was delivered to our apartment and we … [Read more...]
Lessons From a Basketball Referee: Working Together To Be Collaborate and Not Combative During the Estate Planning Process
I am an estate planning attorney, but that is not the only thing I do. I also am a basketball referee, and referee high school basketball. I have been officiating basketball for many years, and based on my schedule, I work almost exclusively at the high school varsity level at this point. I have come to learn that referees, coaches, and (most of … [Read more...]
Creating a Comprehensive Estate Plan in Colorado for Arizona and Florida Snowbirds
Several years ago my in-laws moved to Arizona. My mother-in-law has some health issues and did not enjoy the winter weather. She was out walking her dog one December day in Colorado and she slipped on the ice and broke her leg. She did not enjoy the recovery process. My father-in-law had a long driveway at their Colorado house, and he was not … [Read more...]
What Do You Do When Your Spouse is Gone: What Widowed Women Need to Know About Their Own Estate Plans
I get calls from women all the time who have lost their husbands. These women are already distraught from the loss of their lifelong partner and spouse, and I can feel their emotional and psychological pain over the phone calls we have. I do wish I had better skills in grief counseling and could help ease their pain, but often that is far outside … [Read more...]
Estate Planning For Single Women – What Does One Need?
What does a single woman need in terms of an estate plan? The short answer is the same as everyone else, a will or trust, financial and medical powers of attorney, and a living will. These documents are the foundations of any estate plan, but they can, and should be tailored to any person’s unique situation. Certainly single women have different … [Read more...]
Divorce And Your Living Trust: What Do You Need to Do Post-Divorce?
The first, and to me the most obvious, thing to know is that if you get divorced, it is time to rewrite your trust! After a divorce, the last thing you want is for trust to remain the same. If you leave your trust the same, that could mean your ex spouse gets more assets after you die, and you likely do not want that to happen. Instead, … [Read more...]
Financial Powers of Attorney (POA) and a Living Trust Compared Side by Side
Let’s get started by saying that I do know a financial power of attorney and a living trust are different documents that have different functions and different goals. A living trust is most often a document that describes what happens to your assets after your death, whereas a financial power of attorney (financial POA) allows someone to make … [Read more...]
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