A durable power of attorney allows an agent to continue acting on behalf of a principal—the person creating a power of attorney—following the principal’s incapacity.

A trust and a will are effective estate planning vehicles that can serve similar purposes but differ significantly. Generally speaking, the sole purpose of a

In short, no. People who die without a will are said to have died “intestate.” Colorado, and all other states, have enacted statutes that control

There is no legal requirement to hire an attorney to assist you in your estate plan. Just as a person can act as their attorney

Yes. While protecting assets is one of the significant goals of estate planning, it is not just for the ultrawealthy.

Preparing an estate plan is not mandatory for anyone. Contrary to what many believe, the government will not take your assets after you die if

Estate planning is establishing a set of procedures and mechanisms to manage an individual’s assets, financial affairs, and personal matters during the person’s life, as

Once someone dies, legal authority to administer that person’s estate and handle their final affairs will pass to their court-appointed personal representative.

Yes. While your spouse may be protected in the event of your death because they can access and use your joint assets, you should still

The estate tax, sometimes referred to as “death tax,” is a levy imposed on estates whose value exceeds an exclusion limit set by law.