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August 27, 2015 Posted In Trust Administration,Trusts
by Justin Blow
Living trusts can be powerful estate planning tools that can offer a lot of benefits to trustmakers (or grantors), as well as their beneficiaries. However, living trusts are not for everyone. There may be some drawbacks to developing them in some cases. Below, we will explore the pros and cons of living trusts more closely.…
read moreAugust 10, 2015 Posted In Creditors and Probate,Probate, Estate, & Trust Administration
by Justin Blow
Although probate can be a lengthy, involved process, making mistakes during it can end up complicating it further, potentially increasing both the duration and costs of the process. For personal representatives, it can also mean that they are held personally liable for their mistakes, as they could be sued, depending on the nature of the…
read moreJuly 20, 2015 Posted In Probate, Estate, & Trust Administration
by Justin Blow
This is the only guide you need to navigate Colorado probate Many estates must navigate the Colorado probate waters after a person’s death. This process can range from straightforward in uncontested cases to complex and demanding in situations involving disputed wills or estate administration issues. Below, our Denver probate attorney delves into the Colorado probate…
read moreJuly 10, 2015 Posted In Trusts
by Justin Blow
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…
read moreJune 30, 2015 Posted In Estate Planning,Firm News
by Justin Blow
When you’re ready to put an estate plan in place, knowing where to start and what you need to do can be confusing. To help you initiate this process with a mind towards the various aspects you may need to consider. We have provided an essential estate planning checklist. Do not hesitate to contact us…
read moreJune 15, 2015 Posted In Estate Planning,Wills
by Justin Blow
Wills can be very powerful estate planning documents that can set terms for powers of attorney, asset distribution and even the care for orphaned minor children. There are some things that wills are NOT able to do. Understanding the limitations of wills can be crucial to knowing when you may need to take further estate…
read moreJune 5, 2015 Posted In Estate Planning,Wills
by Justin Blow
Having a will in place can protect you and your family in the event of a catastrophic injury, incapacitation or even death. However, if you end up passing away without having a legal will in place: Your estate will be passed on to your relatives via Colorado intestate laws. The nature of your estate, as…
read moreMay 25, 2015 Posted In Powers of Attorney
by Justin Blow
Agents or “attorneys in fact” are people who have been designated by another individual (i.e., the principal) via a financial power of attorney to manage the principal’s finances. While stepping into the role of agent for someone else is completely voluntary, when people do agree to take on this role, they accept certain legal responsibilities.…
read moreMay 15, 2015 Posted In Wills
by Justin Blow
After creating a will, one of the next important decisions you will make is where to store that will. The reason this is so important is that, if your personal representative or beneficiaries cannot locate the original copy of your will in the future, it can create significant (and unnecessary) challenges for them, costing them…
read moreMay 5, 2015 Posted In Creditors and Probate,Probate, Estate, & Trust Administration
by Justin Blow
Here’s the conclusion to our blog series Joint Tenancy & Probate FAQs. Joint Tenancy & Probate: More Important Info Below Q – What are the advantages of joint tenancy in probate? Here is a look at the pros and cons of joint tenancy and probate in Colorado. Contact our Denver probate attorney for the best…
read moreApril 25, 2015 Posted In Creditors and Probate,Probate, Estate, & Trust Administration
by Justin Blow
Joint tenancy can provide people with a way of transferring real or personal property to surviving loved ones after passing way, effectively preventing this property from having to be probated. Although joint tenancy may not fully eclipse the need for a decedent’s estate to go through probate, it can help get some significant assets to…
read moreApril 15, 2015 Posted In Asset Protection,Creditors and Probate,Probate, Estate, & Trust Administration
by Justin Blow
Resuming How to Create an Inventory of Assets for Colorado Probate: Eight Steps (Pt. 1), we will point out the next steps to take as you continue compiling a comprehensive inventory of a decedent’s estate. The Next Steps to Take in Creating an Inventory of Assets for Colorado Probate 3 – Detail all personal property…
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