Many estates have to pass through Colorado probate after a person dies. While probate can proceed informally for uncontested estates, formal probate, which is known for being complicated, lengthy and expensive, can be necessary when: A will is invalid, is ambiguous or is being contested. There are issues (apparent or actual) regarding the administration of…
Living trusts can be an important part of some estate plans, especially for people who have special needs children who want to help their families avoid probate and/or who have other special circumstances/wishes. To elucidate the benefits of living trusts and when people should consider setting them up, below, we’ll answer some of the most…