Following your divorce, you and your former spouse may decide to share custody. This allows you to spend as much time as possible with your children and help your children maintain their relationship with your ex. Divorce can be a challenging time for families,...
Month: November 2022
Estate planning documents to revisit after divorce
Divorce brings profound changes to a person’s life that affect their personal relationships and long-term financial circumstances. These changes can quickly become overwhelming, leading many to forget their considerable impact on their estate plan. Revisiting your...
3 common misconceptions about collaborative divorce
These days, many separating couples consider collaborative divorce as an alternative approach to ending their marriage. However, despite its growing popularity, collaborative divorce still comes with several misconceptions, which include the following: 1. It is only...
Why should you avoid probate?
As you begin your estate planning journey, most professionals you may consult with will often give one piece of advice: avoid probate at all costs. Probate is the legal process in which a court oversees the distribution of your assets according to your will or state...
Ensuring the child’s best interest in custody arrangements
Separating parents are often overwhelmed with emotions during their divorce process. Among other things you need to sort out, child custody is one of the big decisions you must agree on. Every parent wants the best for their child, but how do you exactly factor this...
Are clerical errors a ground to challenge a will?
In Colorado, like in most states, involved parties can contest a will on several grounds, such as lack of testamentary capacity, undue influence, fraud or failure to comply with the requirements of a valid will. While these are common reasons to challenge a will, they...
What to consider when allocating parental responsibilities
In Colorado, parents, regardless of whether married or not, can pursue an allocation of parental responsibilities (custody) to settle issues involving their child, including how much parenting time they each have or who gets to decide on major decisions about their...
Warning signs that your will could be challenged
Writing a will ensures the honoring of your wishes after you pass away. When creating yours, it is important to be aware of potential red flags that might lead to challenges. By being mindful of these signs, you can take steps to create a will that is less likely to...
How can you initiate the process of divorce in Colorado?
If you're still deciding whether to end your marriage, make sure it's really what you want. Divorce is not a decision to be taken lightly, as it can affect you emotionally, financially and even in terms of legal matters. But if you've decided on getting a divorce,...
What taxes can apply to living trusts in Colorado?
Including a living trust in your estate plan can be a smart move, depending on your estate details and size. This arrangement can come with distinct benefits, but it may also have tax considerations that usually vary based on state law. Reviewing these taxes before...