by Axis Law Group | Feb 24, 2023 | Blog, Estate Planning, Inheritance Laws, Trusts
Beneficiary designations are crucial in Estate Planning, however there are some common mistakes people make when relying on beneficiary designations take over. Mistakes with Beneficiary Designations 1. The first mistake is when people name their minor children as...
by Axis Law Group | Feb 17, 2023 | Estate Planning, Powers of Attorney, Probate, Trusts
Incapacity is a term used if you are still alive, but a doctor finds you’re unable to make decisions for yourself. You can be deemed incapacitated for a variety of reasons but the most common examples are brain aneurysm, coma, or dementia. How Incapacity is...
by Axis Law Group | Jan 19, 2023 | Estate Planning, Inheritance Laws, Probate, Wills
In Colorado, individuals may execute a Living Will. A Living Will, also referred to as an Advanced Directive or a Declaration as to Medical or Surgical Treatment, is not a Will at all. Why You Need a Living Will for Important Medical Decisions A Living Will is an...
by Axis Law Group | Jan 16, 2023 | Estate Planning, Inheritance Laws, Probate, Trusts, Wills
There are a lot of misconceptions about Trusts. I need to have millions of dollars to need a Trust. – False I need to own multiple properties to need a Trust. – False Having a Trust makes things way more complicated. – False Do You Need a Trust?...
by Axis Law Group | Jan 11, 2023 | Estate Planning
Like most plans, estate planning isn’t a “set it and forget it” matter. Simply having a plan isn’t enough! To avoid an estate planning mistake, your plans need to be updated after major life events – such as: marriage buying a home having...
by Axis Law Group | Dec 18, 2022 | Estate Planning, Inheritance Laws, Probate
Creating your own estate plan gives you the control to determine who inherits your assets after you pass. You choose who is in charge, who will inherit, and how they will inherit. Who Inherits Your Assets? If you don’t create your own Estate Plan, the courts apply the...
