While probate is generally known to be a time-consuming and complicated process, one of the particularly challenging aspects of this process can be dealing with creditors in probate when an estate may have various debts to resolve. This is because there is a specific process that has to be followed for handling creditors in probate,…
Picking up from where we left off in Probate in Colorado: 6 Facts to Know (Pt. 1), below we will point out some more important facts that people should be aware of when it comes to probate in Colorado. Additional Important Info You Should Know about Probate in Colorado Fact 3 – Probate in Colorado…
When creating an estate plan in Colorado, creating a will is usually one of the first things to be done. It’s usually meant to preserve the peace of mind of family members and loved ones, but if not drawn up properly, it can become more hurtful than helpful. There are a few common mistakes that…
Entertainment fans in Colorado were surprised when movie star Paul Walker was killed in a car accident on Nov. 30, 2013, at the age of 40. While he left a will that provides for his daughter, people can learn some important lessons regarding estate planning from his example. His assets of about $25 million were…
Colorado residents may have heard that Quincy Jones is filing a lawsuit against the estate of the late Michael Jackson. Jones claims that the estate owes him production fees and royalties for many of Jackson’s hits. According to the Jackson Estate, Jones worked with the pop singer for 35 years, and the man helped produce…
Some Colorado residents may believe that writing a will is as simple as noting their wishes on a sheet of paper and signing their name, but wills are actually complex legal documents that require significant attention to detail. Once implemented, a will can guarantee that a testator’s children, debts, and possessions are taken care of…
It reads like the script of a crime drama or even a soap opera: A man wins a fortune in the lottery, only to be poisoned shortly thereafter. Soon the victim’s family members begin pointing fingers, accusing each other of ulterior motives while the coroner tries to have the victim’s body exhumed. If he can…
A recent poll of randomly selected households across Colorado found that the majority of the state’s residents support some form of legal recognition of same-sex relationships, either through marriage or civil unions. Residents over 65 were less likely than younger Coloradans to support gay marriage, but almost half support civil unions. Voters under 34 were…
There are plenty of reasons why people fail to plan what will become of their assets and possessions after death. Some are uncomfortable thinking about the end of their lives. Others assume that their lack of descendants or valuables means that there will be nothing to sort out after they die. Still others are so…
