Estate Planning Archives - Page 3 of 9 - Michael Bailey Law, LLC

Planning for Life’s Milestones: A Look at Changing Estate Planning Through Pictures

The Greek philosopher Heraclitus said, “Change is the only constant in life.” Although this saying is often attributed to better known philosophers like Plato or Aristotle, Heraclitus gets credit for giving us this slightly oxymoronic truth. I think we all see how this plays out in our own life's. We are children, grow up, become adults, and … [Read more...]

Setting the Stage: Understanding the Difference Between Estate Planning And Estate Administration

I received a call last week from a client who I had represented almost a decade ago in setting up a will. The client, lets call her “Jill,” informed me that her husband had passed away, and she needed to know everything that she needed to do now. I let her know that she would need to take her husband’s will to the probate court and apply for … [Read more...]

The Estate Plan MVP 🏆

I was invited to referee a basketball game on Championship Saturday for the Colorado High School basketball playoffs this year. It was my first year working the final day / weekend of the season. I have been assigned plenty of playoff games in previous years, but I have never been given the opportunity to referee a championship game until this … [Read more...]

You Need a Good Coach to Succeed in Basketball – and Estate Planning

As I have previously mentioned, I referee high school basketball. As a referee, I see many different types of coaches. Some coaches are constantly yelling at their players, or at the officials. Others call out plays and let the players play the game. Some are quiet the whole time and make me wonder why they are even there. And some like to … [Read more...]

Coloradans: You Deserve To Have Your Estate Planning Questions Answered

In November of 2022, we spent Thanksgiving in Kansas City with friends. We drove out the Saturday prior to the week of Thanksgiving and planned to spend the entire week with our friends. Neither I, nor my wife, planned to work during the week of Thanksgiving. However, the Sunday before Thanksgiving, my wife’s second level supervisor called her … [Read more...]

Why Your Estate Plan Will Work (in Colorado) Even If Someone Doesn’t Like It

My wife likes to talk about love languages, and how everybody’s love language can be different. Some people want physical affection, while others prefer gifts, and still others want you to spend time with them. I am not nearly as into the differences in love languages as she is, or as some people are, but I did get an interesting, almost … [Read more...]

What to Expect When You’re Expecting and Planning…to Die!

My oldest daughter is currently enrolled in an AP United States history class. She took an AP World history class and enjoyed it quite a lot. This year, her AP United States history class has been a little more difficult for her. She has struggled with reading the textbook and taking notes, which seemed to be one of her favorite parts about her … [Read more...]

How the Estate Planning Process Benefits You – And What Does This Have To Do With Cookies?

How the Estate Planning Process Benefits You - And What Does This Have To Do With Cookies? I am not a huge baker. I cook fairly well, but I don’t really bake as much. My daughter loves to bake, and she makes cookies often. I get to benefit from her making cookies, as I get to eat the cookies at the end. Eating the cookies is an obvious benefit … [Read more...]

Why “Mobile” Estate Planning Is Good for You

As a maxim of life, it is harder to hit a moving target than a stationary one. So, why would it then be true that “mobile” estate planning is good for you, possibly even better than “stationary” estate planning? The answer has more to do with what it means that I provide “mobile” estate planning services, than we are moving while planning your … [Read more...]

Lessons From Top Gun: Maverick: A Change In Your Relationships Means An Update In Your Estate Plan

I, along with a lot of other people, saw the movie “Top Gun: Maverick” this summer. The movie came out 36 years after the original “Top Gun” movie. Without giving away too many spoilers for the movie, the main character and hero, Maverick, was the same, but many of the other characters around him had changed. I am one who enjoyed both movies, … [Read more...]