What Is An Advanced Directive

What Is An Advanced Directive

Nicole: An advanced directive is also called a living will. It is not a type of will at all. It’s actually a medical document that says, if two doctors say that I am in a persistent vegetative state, how many days do I want to be on life support? You answer that...
What Is Guardianship

What Is Guardianship

Cristyn: Hi. Today we’re going to talk about the two different types of guardianship. Guardianship for minor children is when we’re setting up who you want to raise your children in the event that you are unable because you are incapacitated or have passed...
Why Do I Need Power of Attorney if I’m Married

Why Do I Need Power of Attorney if I’m Married

Cristyn: I am married. Why do I need a power of attorney? Well, great question. One of the reasons is if one spouse becomes incapacitated and owned assets and only his or her name, and the spouse who’s still healthy now needs access to those assets for whatever...
What Is a Trust

What Is a Trust

Cristyn: Hi. Today we’re going to talk about what a trust actually is. A trust does allow you to say who you want in charge when you pass away of distributing your assets and where you want your assets to go. Think of a trust as a living entity, so it’s...
Colorado Probate Creditors

Colorado Probate Creditors

Cristyn: In Colorado, in probate, we have to deal with creditors. What the law says is, if the decedent passed away more than a year ago, great, we don’t have to worry about any unsecured creditors, their claims are forever barred. But if the person passed away,...