Estate Planning In Denver Blog

Authored by Estate Planning Lawyer Nick Klimas and the occasional guest writer
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Starting The Estate Planning Conversation With Your Children

You wouldn’t give your teenage daughter the keys to the car without teaching her how to drive, would you? So, why not take the steps to prepare your family to receive their inheritance when you pass? Between 2007 and 2026, more than $15 trillion will be transferred to the next generation. “There’s a 70 percent failure rate when transferring family wealth from one generation to another,” due to poor investment and mismanagement of the assets, according to two of the founders of the Institute for Preparing Heirs. In many families, one child may have challenges handling money, including emotional, physical, or mental challenges. While this particular child may need a separate plan for handling

What Is My Digital Estate and What Can I Do With It?

So, you’ve drafted your will, created your trust, specified funeral arrangements, and named an executor and successor trustee of your estate. You’ve checked all the boxes, and you’re all set, right? Chances are, you’ve overlooked a substantial part of your estate plan—your digital assets. In this day and age, your digital assets need be a part of your estate planning consideration, Creating a digital estate plan is something most people overlook today and most people don’t even know that their online accounts are considered digital assets. In fact, a Rocket Lawyer poll showed 63% of people don’t know what happens to their digital assets when they die. Including your digital assets, financial

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