The Changing Face of Boulder: Exploring the City’s Evolving Demographics and Their Relation to Estate Planning

At Braverman Law Group, we have seen our fair share of changes to the city of Boulder over the years that we have been in business. Our firm is located in Boulder Valley, home of the live mascot Ralphie the Buffalo and the University of Colorado. We are proud to be a part of the Boulder community, especially as our community continues to evolve and grow. In recent years, the city of Boulder’s demographics have shifted significantly, which means, of course, that the city’s estate planning needs have also shifted significantly. As our client community experiences this shift in their personal lives, we emphasize to them that expert estate planning services are more important than ever.

The City of Boulder

As anyone who lives in Boulder already knows, our city attracts people from all over the country with our proximity to Denver and to the Rocky Mountains. We are also home to the University of Colorado Boulder, the largest campus of the University of Colorado system. According to the 2020 census, Boulder is home to 108,250 people. We have over 46,000 acres of open space and 155 miles of open space trails, making us one of the most popular destinations for outdoor enthusiasts across the United States. With so much to offer, it’s no wonder Boulder is experiencing an influx of both people and diversity.

Age Diversity

Because we are a college town, plenty of young people choose to live in Boulder. We have college-aged students, but we also have young graduates who fall in love with Boulder and decide to stay here, raising their family and starting their careers. Of note, however, Boulder has had more older individuals move to the area in recent years. Experts surmise this increase in age diversity is due, in part, to the retirement-friendly lifestyle that is possible in the town of Boulder. Older individuals are attracted to the possibility of living an active life with plenty of amenities.

Racial Diversity

Besides age diversity, Boulder has also seen an influx of racial diversity in the past decade. Between 2010 and 2022, for example, the Asian population in Boulder increased .9 percentage points, ending up at 5% of the total Boulder population. While the white population occupied 79.4% of the population a decade ago, it now occupies a lesser 76.9% of the population. While these shifts can seem small, in a town with 108,250 people, every percentage point makes a difference in the makeup of our town.

Career Diversity

Small businesses and start-ups make up the majority of the employers in Boulder. As our diversity increases, so do opportunities for employment. The Boulder Chamber Economic Council estimates that there are 8,800 employers and 120,000 jobs in Boulder. The top industries include aerospace, bioscience, and outdoor recreation. These industries continue to expand as our town, and our town’s diversity, expand along with them.

Estate Planning in a Diverse Town

As Boulder continues to evolve, so do the legal needs of the town’s residents. Older individuals, for example, are often focused on passing wealth onto the next generation, and a solid estate plan can help them do that. Younger people, on the other hand, are focused on building up wealth; even in this phase of life, it is important to have an estate plan that can protect this wealth should the worst-case scenario arise.

As our town evolves, residents also have the opportunity to feel the economic benefit that more diverse demographics provide. In Boulder, we have more restaurants, activities, and entertainment venues than ever. If you have benefited from the influx of activity as a member of the Boulder economy, it is important to make sure that you have an estate plan that matches your level of success. By updating your estate plan every three to five years (or after every major life event), you can ensure that your plan fits your current needs and goals.

Why Call a Boulder Estate Planning Attorney?

A Boulder estate planning attorney can help with things like drafting a will, forming a trust, establishing powers of attorney, crafting a strategy to avoid probate, and planning for future generations. There are also benefits to talking through services such as special needs planning and even planning for the future care of pets.

Our city is changing every day, and so are our clients’ priorities. In this always evolving landscape, you need an estate planning attorney that will offer personalized services that specifically work for you. Too often, our clients come to us having had difficult experiences with huge estate planning firms or with DIY wills online. In order to make sure you receive the care and attention you need, retain a legal team you can trust – and, importantly, a legal team that is ready to adapt to the changing world around us.

Do You Need a Boulder Estate Planning Attorney by Your Side?

If you have not yet spoken with a Boulder estate planning attorney to talk through your options, give us a call today at the Braverman Law Group. At our firm, we treat every individual client with the care and attention they deserve, because we recognize that estate planning is not a “one size fits all” business. Our experience in the field combined with our thorough approach make us well-positioned to be your choice for estate planning legal services, and we would be honored to help you and your loved ones navigate the process. Our mission is to offer an estate planning journey that is not just effective but also enriching. With Braverman Law Group, LLC, you are not just planning for the future; you are building a legacy.

For a free, no-obligation consultation with one of the Boulder estate planning attorneys at our firm, give us a call today at (303) 800-1588. If you prefer, you can also fill out our online form to tell us about your legal issue and have a member of our team reach back out to you as soon as possible. Our firm covers estate planning, trust administration, special needs planning, Medicaid planning, and more.