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October 11, 2013 Posted In Asset Protection,Trust Administration,Trusts
While trusts are commonly regarded in Colorado and elsewhere as estate planning tools, they can also be useful as a way for people to protect their assets while they are still living. An asset protection trust, also known as a spendthrift trust, places assets into a living trust under which the trustor is also the…
read moreSeptember 5, 2013 Posted In Asset Protection,Estate Planning,Probate, Estate, & Trust Administration
Beneficiary designations play a big role in determining the disposition of assets upon a Denver resident’s death. Typically, these beneficiaries are named in the paperwork of financial assets such as investment accounts, IRAs and insurance policies. If there is a conflict between who is named in a will and who is named as a beneficiary…
read moreAugust 15, 2013 Posted In Creditors and Probate,Probate, Estate, & Trust Administration,Wills
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…
read moreJuly 19, 2013 Posted In Probate, Estate, & Trust Administration,Trust Administration,Trusts
Colorado individuals who are contemplating an estate plan may consider using trusts as part of the plan. Living trusts provide a variety of benefits to the person making them, allowing them to determine who gets the person’s property upon his or her death. Knowing about living trusts can help individuals in Colorado establish them and…
read moreFebruary 14, 2013 Posted In Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration
Doris Duke was a wealthy philanthropist who died leaving a fortune worth around $1 billion. Her heirs are teenage twins, a 15-year-old boy and girl, each of which stands to inherit $500 million. The money was left in a trust, however, and the trustees are evidently so hesitant to administer funds from the account that…
read moreJanuary 15, 2013 Posted In Creditors and Probate,Estate Planning,Firm News,Probate, Estate, & Trust Administration
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…
read moreJanuary 2, 2013 Posted In Claims,Firm News,Probate, Estate, & Trust Administration,Trust & Will Contests,Trust Disputes
Those familiar with the life of railroad heiress Huguette Clark might be interested to know that the drama surrounding her multimillion-dollar fortune has just taken another turn. A 60-year-old homeless man who was in line to receive a hefty portion of her estate, an estimated $19 million was found dead recently of hypothermia, adding another…
read moreDecember 5, 2012 Posted In Asset Protection,Breach of Fiduciary Duty,Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust & Will Contests
If you are from a close-knit family, you may not be able to imagine what it is like to be embroiled in a feud that pits you and your siblings against each other. But when it comes to handling the family estate, personal and financial issues can tear apart families with astonishing force. In Aurora,…
read moreNovember 14, 2012 Posted In Creditors and Probate,Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration,Wills
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…
read moreOctober 31, 2012 Posted In Asset Protection,Creditors and Probate,Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration
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…
read moreJuly 11, 2012 Posted In Elder Law,Estate Planning,Firm News,Guardianships & Conservatorships,Probate, Estate, & Trust Administration,Trust & Will Contests,Trust Administration,Trust Disputes
Choosing a professional to help manage your assets is not a decision that should be made lightly. Whether you are looking for a trustee, a conservator or a power of attorney, you want to make sure that the person who makes financial decisions on your behalf is trustworthy. As we get much older, this task…
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