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April 2018 Archives

How to plan for digital assets in an estate plan

People in California who are creating an estate plan might also want to think about what they would like to happen to their digital assets such as social media and email accounts, information on flash drives, domains and any cryptocurrency accounts. A person should make a list of all of these accounts and any passwords or encryption keys.

Estate planning can provide a roadmap for loved ones

Many people in Colorado want to ensure that their loved ones and families will be taken care of after they're gone. With an adequate estate plan, this goal can be achieved. However, many Americans avoid estate planning, often due to confusion about the process or because of the unpleasant topics and emotions that can be stirred by considering one's own mortality. A 2016 survey claims that more than 64 percent of people throughout the country do not have a will.

How an existing trust may be changed

Colorado residents who want to make changes to a trust might wonder whether it would be better to amend the trust or create an entirely new one. First, they should make sure it is possible to amend the document. Most living trusts can be either amended or revoked.

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