Colorado has begun a new era of estate planning by introducing the Electronic Preservation of Abandoned Estate Planning Documents Act. This new law aims to simplify the handling of abandoned wills by creating a convenient online depository managed by the Colorado State Court Administrator (“SCA”). Here’s a detailed look at how this Act functions and its implications.
In the spirit of “spring cleaning” we urge you to decide if you’ve experienced an event that necessitates the re-evaluation of your existing estate plan. There are several areas to consider regarding the overall effectiveness of an existing estate plan discussed in this post. Please contact our office so that together we may review your existing plan and advise you concerning any necessary or suggested changes. Similarly, many of these events act as catalysts for the formation of an estate plan. If this resonates with you, please contact our office for your complimentary consultation, so we may assist you in “Planning for tomorrow, today”!
To better serve our clients, we interviewed Megan Kelly, an experienced ICU nurse, to get a better understanding of how these decisions play out in the ICU unit. Below you’ll find the 5 most common questions clients ask us to help them understand with an experienced ICU nurse’s shared experience. Megan answers with first-hand information for consideration. None of the information presented in this post is considered medical advice nor should be treated as such. We hope the interview demystifies an uncomfortable concept to consider in a matter-of-fact and gentle approach, giving you the words to engage in the necessary conversations with your potential agents and medical care team.
The “Corporate Transparency Act” is a new statute enforced by the Department of Treasury, specifically the Financial Crimes Unit (often abbreviated as “FinCEN”). This newly developed law has gained a lot of attention, due to the widespread applicability to so many individuals and businesses. Despite the hype, there is still adequate time to obtain the necessary information and file.
I am proud of the work we are doing at Legacy Planning and Probate, and I am excited for all that lies ahead in 2024. I have a passion for helping families prepare for their legacies. Please reach out if you know of a group or an event that could benefit from an Estate Planning presentation laid out in simple terms, encouraging listeners to “set it and forget it”, so they can live life with one less worry. Planning for tomorrow, though sometimes an uncomfortable topic, is best done today.
Love is in the air, but that doesn’t mean you have to leave your marital agreement discussion up in the air, also. If you find yourself in the thick of wedding planning, and anticipate engaging in a pre/post-marital agreement with your future spouse, add a complimentary consultation to your preparation list before the Big Day. At LP&P we encourage our clients to begin the process as soon as the “save-the-dates” go out!! #linkinbio to start on the premarital or postmarital agreement process.
You may hear the term “fiduciary” mentioned by your lawyer, financial advisor, bank, or friends/ family. Although some have a general concept of what the term means in the corporate or business context, many remain unaware of what the term encompasses and implies in the estate-planning world. Understanding the term and the depth of obligation it entails is an essential element to the estate-planning process.
The legal terms employed to designate how a testator wishes to distribute their his or her estate can be incredibly confusing. Most of the time, a will distributes an estate either (1) per stirpes, (2) by representation, or (3) per capita. Employing a designation in your will is important, as it eliminates the need to create new documents or update plans if a beneficiary passes away while you are still living.
While your Will conveys what you want your loved ones to have, an ethical will compliments your Will by sharing with them what you want them to know.
At Legacy Planning and Probate, we urge our clients to plan for tomorrow, today. What other questions do you have about estate planning documents? Are you ready to get started? Be sure to contact us through the website by clicking here to send us a message with your questions or start the process. If “owning your story” is important to you, please reach out directly to Nancy Sharp for assistance with telling your stories and expressing your values in the form of an Ethical Will.
So, you may be asking: where do I start? Estate planning typically involves creation of basic documents, such as a Last Will and Testament, Living Will, Medical Power of Attorney, Financial Power of Attorney, and a Disposition of Last Remains. You may need all or some of those. They may be very straightforward or more complicated. Legacy Planning & Probate is here to simplify the process, address your needs, and provide you with peace of mind. Read on for some additional information and tips to get the process moving.
It is the firm’s new endeavor to be a change maker in expanding clients’ view of “self-care”. At Legacy Planning and Probate, we genuinely believe making the decisions for tomorrow and completing the documents required, has the potential to relieve pressure and allow clients to enjoy the precious moments in the today! Estate planning can likely mitigate the weight of the unknown and offer a freeing breath, despite the environment of angst and fear many clients, themselves, are experiencing.
You may be under the impression that estate planning is something reserved for the very wealthy—a process distributing large estates to a complicated series of beneficiaries. Estate planning is an essential service not just for the rich, but for everyone. If you die without a will, it is nearly impossible to control how your assets are distributed to your family, or who is appointed as guardian for your child, or what happens to your pets.
The information that you obtain from this website is not, and is not intended to be, legal advice. The content is for informational purposes only and does not form an attorney-client relationship. If you would like to speak to an attorney, please contact our office.
