Author: Sommers Law Group
Your Estate Plan’s Cast of Characters
Each estate plan has a “cast of characters”—the agents or fiduciaries who will be responsible for making decisions when you are no longer able to. Your estate ...
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What are your estate planning goals?
There are important factors that many people do not realize have an affect on their estate plan. Here are some questions you should ask yourself ...
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Everyone has an estate
Even if you’re not wealthy, you have an estate and need a plan. An estate is everything you own when you die, including your home, personal property, ...
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Wills Don’t Avoid Probate
There is a popular myth that a will helps avoid probate. This is one of the most common mistakes we encounter in estate planning. This mistake can ...
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Common Law Marriage
Colorado has common law marriage, which can cause legal nightmares when an unmarried couple breaks up or one of the partners dies. Many people mistakenly believe ...
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So you need to disinherit someone…
In many situations, it is necessary to disinherit a child, grandchild, or other heir. Perhaps they are an addict and you don’t want to harm ...
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You can never have too many back-ups
When drafting estate planning documents, I strongly encourage clients to come up with as many back-ups as they can for the people named to act ...
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Do You Want To Protect Your Heir’s Inheritance From Divorce and/or Creditors?
An outright inheritance to a child exposes that inheritance to a greater risk of loss. With a 50% divorce rate, multiple marriages, lawsuits and economic instability, your ...
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What do you mean that people fail to plan for incapacity?
An estimated 85% of all people will become either mentally or physically incapacitated before death. Colorado’s guardianship or conservatorship laws control the legal process for ...
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