Estate Planning for Second Marriages
In first marriages, the couple generally has the same goals when it comes to their estate planning: take care of the surviving spouse for as long as he or she lives, then whatever is left will go to the children. In Colorado, they may own many of their assets jointly and, at the death of the first spouse, more than likely everything will go to the surviving spouse just as they had planned. Continue reading →
Does Your Estate Plan Protect Your Adult Beneficiaries?
If you think you only need to create discretionary lifetime trusts for young beneficiaries, problem beneficiaries, or financially inexperienced beneficiaries, then think again. In this day and age of frivolous lawsuits and high divorce rates, discretionary lifetime trusts should be considered for all of your beneficiaries, minors and adults alike. In Colorado, the experienced Probate and Estate Planning attorneys at Davis Schilken can help protect you and your loved ones in instances like these. Continue reading →
Are you a Fiduciary?
A person named to administer either a Trust, an Estate, or both is known as a Fiduciary. The term Personal Representative is used for the individual tasked with administering the decedent’s will, or if the decedent did not leave a will, the individual appointed under intestacy law. The term Trustee is used for the individual tasked with administering the decedent’s Trust (Revocable Living Trust in most cases). Continue reading →