Estate Planning In Denver Blog

Authored by Estate Planning Lawyer Nick Klimas and the occasional guest writer
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Safeguarding Your Child's Inheritance - Asset Protection For Your Children

Colorado parents usually plan their estates for the benefit of their children. Not wanting their child to suffer the financial hardships that they did, they may be more than willing to name their child as the beneficiary of their most valuable assets. However, it is important that they plan their estate carefully while keeping in mind that their children may not be capable of handling money wisely yet. Many parents simply list their children as beneficiaries on their financial accounts without considering the children's ages. Even though minor children cannot inherit a life insurance policy, investment account or savings account balance until they reach adulthood, they still might not be rea

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