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April 2017 Archives

Preventing a will dispute

When it comes to wills, there are numerous issues you may have to consider. For example, if you are thinking about setting up a will, it is important to make sure that you thoroughly assess your estate and carefully draft your will. However, disputes involving wills sometimes arise in Denver, and other parts of Colorado, and it is important for people and entire families to focus on preventing these disputes, if possible. At the Hughes Law Firm, we know that when a disagreement does arise, those involved should try their best to find solutions in an amicable manner.

Understanding a conservatorship

Trying to help family members and other loved ones in Colorado can be difficult, especially if they are not willing to accept your help. Sometimes, because of mental ailments or personality traits, a person who is no longer capable of managing financial affairs may be resistant to accepting the help of a loved one. This can lead to financial devastation and ruin. We at The Hughes Law Firm understand that sometimes the best choice is not an easy one when it comes to managing your loved one’s affairs. This is when a conservatorship becomes necessary.

Expectant parents should be thinking about estate planning

When you are expecting a baby, the last thing you want to focus on is your own mortality. There are so many other matters that need attending to - creating a new room in the home, communicating your needs to friends and family, learning a new role in life, taking care of your own and your baby's health.

What heirs need to know about paying debts after a death

If you are a surviving spouse, family member, heir, beneficiary or an executor of an estate, you may have many important issues to attend to in the aftermath of a loved one's death. While a decedent's debts are usually erased upon death, a blog posted last month discussed situations in which debts may remain.

What is a holographic will?

Colorado is a state that allows for handwritten wills, known as holographic wills. Therefore, as a resident of Colorado, this is one option that you can consider when writing your own will or helping someone else write theirs.

Should you avoid certain types of assets when funding your trust?

To conclude this serious about funding, not every asset should be retitled in the name of the revocable trust. A motor vehicle is such an example. In the event of an accident, the injured party may bring a lawsuit. If the trust is the named owner, the party may go after all of the trust’s assets for damages under a “deep pockets” theory.

The importance of setting up a will

While many people understand how crucial it is to plan ahead, some postpone setting up a will, for various reasons. For example, some people are hesitant to contemplate their own death or feel as if they are too busy to set aside time for estate planning. The Hughes Law Firm understands the different challenges that people may be facing in Denver, and other parts of Colorado. However, we also know how crucial it is for people to set up a successful will.

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