The Hidden Importance of Beneficiary Designations

You may think your estate plan is complete just because you’ve signed a will or trust. Not true! In every single case, if your beneficiary designations are not reviewed when you sign a will or trust, your estate plan likely will not work out as you think. Here’s what I mean: You probably have retirement accounts or life insurance policies Continue Reading →

Successfully Social Coaches Quirky Kids

“Quirky kids.” We all know at least one. Some kids’ quirks are endearing and cute, but others keep them on the outskirts of the social world. Kids who struggle socially are sometimes lonely and research suggests poor outcomes for those who are socially challenged. Allison Marean and Breann Colpitts, two North Denver moms and former educators, witnessed too many quirky Continue Reading →

Traditional Strategies to Protect Assets from Creative Plaintiffs

Some view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts. They think that asset protection planning is immoral because it prevents a creditor from collecting on a judgment entered by a court. The truth is the U.S. justice system is unpredictable. Defendants are faced with ever-expanding theories of liability, being Continue Reading →

A Moment of Zen for Kids

  “Emotional self-regulation … (is) integrated into every class.” Many people hear that I teach yoga for kids and the first question is, “How does that work? Isn’t it hard to get kids to do yoga?” That is a great question since we typically think of yoga as a serene hour of relaxation, meditation, and exercise. And when we typically Continue Reading →

Planning for College Expenses

As a parent with potentially college-bound children, you are probably concerned with setting up a financial plan to fund future college costs! The scary part is how much college might actually cost if you currently have young children. I have used the “College Cost Projector” calculator on the collegeinvest.org website to determine the potential costs for our children (ages 5 Continue Reading →

Trusts, in Plain English

I admit it: Legal terminology is confusing. Not only are some words foreign outside of the estate planning world, but sometimes “normal” words carry a legal definition you would have never guessed. And sometimes, the same legal concept has more than one phrase used to describe it. Take “Living Trust” and “Revocable Trust” and “Revocable Living Trust,” for example – Continue Reading →

How to protect a child’s inheritance from divorce

A child’s wedding day is one of the happiest occasions in life for most parents, especially when they approve wholeheartedly of that child’s choice of mate. Sometimes, however, the choice is not always welcomed and parents become concerned about how to protect assets they plan to leave their children in case of a divorce. Or other times, there simply is Continue Reading →

4 Steps to Update your Short-Term Guardianship Document

“Did you know that Short-Term Guardianship Documents expire each year?” Mark your calendar Add a task to your online calendar to repeat once a year and remind you to review your document. Wills & Wellness also emails our clients twice a year to remind them. Review your family information Has your family grown this year? Remember to add the new Continue Reading →

Inheriting a Retirement Account

You’ve done your homework and established a trust as the cornerstone of your legacy planning. The trust is funded with your real estate along with all your bank and investment accounts and your personal property has been assigned over to the trust. What about your beneficiary designated accounts? Your life insurance? Your retirement accounts? Do you name your trust as Continue Reading →

5 Reasons to be thankful for your parents’ trust

A last will is one of the most well-known estate planning documents, and yes, everyone should have one. But if a last will is the only document in your parents’ estate plan, you’ll be in for a (not so great) surprise when they pass. If your parents leave a living trust instead, count yourself lucky—everything will be much easier for you. Here Continue Reading →