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What are advance directives in estate planning?

There are numerous aspects of estate planning you need to consider when you see an attorney to draft the essential documents. According to The Denver Post, some of the most important items to take care of include joint tenancy ownership, beneficiary designation and a business succession plan. 

Estate planning in Golden for high net worth individuals

Individuals who have a high net worth have a particular need for qualified estate planning. Complex asset portfolios require specific and strategic management. One of the most common errors that individuals make is simply not creating a comprehensive plan for their asset distribution in advance.

Why you should not procrastinate on estate planning

One of the biggest mistakes you can make with estate planning in Golden is procrastination. No matter your age, you might feel like you have all of the time in the world to do it. Or, if you already have plans in place, you might feel like you do not need to review them. Regardless of which side of the fence you are on, it is necessary for you to be proactive in case an unexpected event happens. 

Set your family business up for success

You love your family. You want them to be successful. You want to be successful, too. When you work with family, you have both advantages and disadvantages. You already know one another, and probably know how to communicate. On the other hand, it can be difficult to criticize family. It can also be challenging to have a leader amongst relatives. The line between professional and personal can be hard to decipher.

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