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Heirs to $1 billion Must Wait for Inheritance Until Age 21

February 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…

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Don’t Forget About Digital Assets in Your Estate Plan

January 30, 2013 Posted In Asset Protection,Estate Planning,Trusts,Wills

Colorado residents who make the wise decision to map out an estate plan are likely to find themselves juggling both paperwork and digital files. It is likely that the older people are, the more paper records of accounts they’ll have. Younger estate planners, meanwhile, may be wondering how to organize their computer files so that…

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Estate of Fatally Poisoned Lottery Winner Tied Up in Probate

January 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…

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