Often when people mention the term 'will' they are referring to the document that is accessed when a person away and outlines how they want their estate to be handled. However, there are different types of wills that deal with very different things: a living will and a last will and testament. In this blog, we are going to explore these two types of wills and how they are used.
One of the important parts of Estate Planning in Wheat Ridge and Jefferson County is creating a durable financial power of attorney. This document allows you to choose another person to manage your finances if you become incapacitated or unable to do so yourself. Let's look at the different tasks the person you choose in your durable power of attorney will be responsible for.
When it comes to estate planning, we often here the phrase 'last will and testament.' I think everyone probably has a good idea of what purpose the will serves, but what about the testament? The testament is a chance for you to make this legal document a little more personal and explain things to those who will be reading it after you pass. Let's look at some of the ways you can personalize your will with a testament.
When deciding what to include in your will and estate plan, there are certain things that should not make the cut. While your will is your own, there are always legal guidelines that should be followed if you want your will to be valid. Let's look at some of the things that you should leave out of your will.
When you are requesting child custody parenting time, whether it is through a divorce case or you are asking for a modification to a current parenting plan, you want to do everything you can to increase your chances or getting what you have asked for. While much of the decision is out of your hands, something you can do is ensure that you have the best chance is providing an appropriate living situation for your children. This can actually make a huge difference in child custody issues in Arvada and Wheat Ridge. Let's look at some factors you should consider for your living environment when requesting parenting time.
Often after people have gone through the process of creating an estate plan, including a will, they feel like they can check that off their to-do list, never to revisit it again. However, that can be a hug mistake. While you can feel a sense of relief and peace for getting it done, it doesn't mean that your estate plan is good forever. Estate plans must be revisited and updated, because as your life changes, so should your estate plan.
When you make the decision to plan your estate, it can be overwhelming trying to figure out where to begin. Depending on where you are in your life, you will have different needs and things to be addressed. You may only plan for where you are now, not taking into consideration for changes in the future. Let's look at some common mistakes that are made when estate planning.
While no one likes to think that divorce may be in their future, it's important to have a plan in case divorce does become your reality. Whether you are making sure your bases are covered before getting married or after - there are important things that you can do to plan ahead.