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Many Americans plan for retirement, as well as for their loved ones’ future without them, with retirement plans such as 401(k)s and Roth IRAs. Thanks to the Employee Retirement Security Act (“ERISA”), there is a simple way to transfer these assets as part of an...
Creating a business entity in Colorado is a relatively simple process. You visit the Secretary of State’s website, fill out the required forms, pay a filing fee, and your new business entity is ready to go. Once the entity has been formed, you just need to file an...
Estate planning, the thoughtful arrangement of one's assets and affairs for the future, is a process often overlooked until it is too late. Many individuals, despite their best intentions, fall prey to common mistakes that can have significant consequences for their...
According to the Charities Aid Foundation’s World Giving Index, over the past decade the United States was the most generous country in the world. Consistently high numbers of Americans (i) help a stranger, (ii) donate to charity, and/or (iii) volunteer, especially...
When it comes to estate planning, individuals often consider both wills and trusts as tools for distributing assets and managing affairs. Both can serve important roles. However, a Colorado trust offers specific advantages that a will cannot replicate. Understanding...
In the picturesque landscape of Colorado, where the majestic Rockies cast their shadows on serene cabins nestled in the mountains, divorcing couples often grapple with the question of who gets the cherished mountain cabin. The process of dividing property in a divorce...
In the last few years, estate planning has crossed realms. As people increasingly live their lives online, it becomes important to incorporate digital assets into an estate planning strategy. This not only ensures the seamless transfer of tangible assets but also...
Protecting a family business during a divorce is an important concern. The dissolution of a marriage can have significant ramifications for the stability and continuity of the business, making safeguarding the business's interests a priority. 1. Maintain open lines of...
When parents separate or divorce, one of the most challenging aspects to resolve is child custody. While courts typically aim to ensure the best interests of the child, disputes can arise and lead to custody battles. In some cases, a parent may resort to extreme...
When preparing for the future, it is important to have a well-organized estate plan in place. The courts will follow this plan and act according to your wishes after your passing. Consider some of the key elements to include in your estate plan. 1. Will A will is a...
