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Colorado Estate Planning And Estate Settlement Legal Blog

Protect yourself as executor when facing estate litigation

There's a lot of work involved with handling an estate, and it becomes even more complex when a family member or heir decides to bring a lawsuit against you. You may feel tempted to simply hand over authority for the estate, but don't be hasty. After all, the deceased estate owner clearly trusted you to do your best to protect his or her legacy. Choosing you was likely the result of both trust and respect for your capabilities.

You may need to take special steps to protect your role as executor of an estate or trustee if there is a challenge in court. However, with careful planning and focus on the details, you can successfully push back against an unnecessary challenge to your role or how you've handled the estate.

4 strategies to help your estate avoid probate

In general, the probate process can end up being very long and complicated. In some cases, probate can last for years and be costly for the estate. For example, if you live in Denver and pass away without a solid estate plan, your property could end up in probate. The longer it spends in probate, the less there will be to pass on to your heirs and beneficiaries. This is why it is important to take steps to avoid probate or at least drastically limit the time your estate spends in the process.

Fortunately, there are several options available to keep your property far away from the probate process. For instance, you can transfer your property into a revocable living trust or even make a gift of it prior to your death. You can also transfer your property through joint ownership or by naming death beneficiaries.

Tips for hiring an estate planning attorney for your family

Estate planning is a very personal matter. Talking about your assets, hopes for the future, death and your desires for your children and grandchildren is often not easy, particularly with someone you do not know well. However, you will need to discuss these matters when establishing or modifying your estate plan.

Choosing the right legal professional to help you with this endeavor can be difficult. Here are some traits you should look for when making your choice:

Will your heirs and appointees do what you want them to do?

If you have a comprehensive estate plan, you will have powers of attorney in place in the event you can no longer make decisions for yourself. However, just because there is a plan in place, it doesn't mean everything will go smoothly.

When your wishes collide with the feelings of family members and healthcare professionals, even the best-laid plans can go awry. It's possible that your family will ignore your choices, which can lead to courtroom disputes that you will have no power to stop.

Superhero efforts may be needed to avert family tragedies

In a large estate, with few inheritors, what happens when there are serious allegations about elder abuse levied at the beneficiary? This exact situation is playing out, in the recently revealed details of a pop culture legend's dealings with his only daughter.

The sad case of comic book icon Stan Lee has a great many intersections with what can be the hardest situations to face when planning your estate. There is a dispute with his caregivers. There is some evidence of unscrupulous influencers manipulating his daughter. There are allegations of elder abuse. At stake, aside from his $50 million estate, is the remaining healthy years of a man with few living relatives.

Stay out of court by choosing the right executor

There has never been a plan that has perfectly withstood the act of implementation. That includes estate plans. Because of that simple fact, it is vital that you select an executor who will minimize the possibility of a lawsuit.

The basic duties of the executor are straightforward.  However, problems can arise if the executor acts negligently and ignores the written acts of the will or makes mistakes in carrying it out. These possibilities can leave the estate or the executor open to legal action. For that reason, you must choose the right person for the job. But who is that?

What it means to be a successor trustee

If you've been named a successor trustee you may be gratified to think that someone held you in high enough esteem to ask you to do the job.

Or, alternately, you may be somewhat mystified as to what exactly you're expected to do. Here's some help to get started.

What can I do if I'm left out of a will?

The media frequently airs dirty laundry about celebrities who exclude their closest family members in their estate plans. For example, Jerry Lewis famously and intentionally excluded six of his children in his will. Mickey Rooney and Tony Curtis also disinherited their biological children in wills that were created just weeks prior to their deaths.

As expected, those left out inheritances filed lawsuits contesting the content of their fathers' wills. What you don't hear about, however, is all cases involving will contests by non-famous people.

7 questions people ask about trust and probate litigation

Nobody likes to argue or fight, especially about estate matters that concern their family members. But nobody likes to stand by and watch the mishandling of important legal or financial affairs either. This awareness or suspicion of negligence, fraud, irresponsibility or mismanagement is the place where many trust, will and probate disputes begin.

For many people, the possibility of probate or trust litigation emerges in the days, weeks or months after one of their loved ones passes away; for others, a problem with a trustee becomes apparent in a different way. If you're wondering if you need a lawyer to straighten out a messy estate or trust situation, it's important to get answers.

Answers about Colorado's long-term care partnership

Colorado works with its citizens to assist with long-term care (LTC) planning. The state believes that when people plan properly and are proactive, they should be rewarded.

This is why Colorado's Long-Term Care Partnership was established. It is a partnership between private insurance and state government and encourages long-term care planning.

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