Colorado Estate Planning And Estate Settlement Legal Blog
In the last few weeks, we have talked about a lot of critical issues relating to estate planning. Charitable trusts can go a long way towards helping your loved ones. Wills, and the act of frequently updating them, can lead to a prosperous future for your beneficiaries. And your executors have a major responsibility to carry your estate through to…Read More
Probate is the process of proving your will, administering your estates, and disseminating the assets you own to your beneficiaries. It sounds simple and possibly advisable — but in reality probate is a slog. It can be difficult to get through the probate process without months, or even years, passing. This is why it is often best for a grantor…Read More
The days, months and years following the death of a loved one can be very difficult. Not only are those left behind mourning their loss, there are often mountains of paperwork to deal with. While a bulk of estate settlement duties fall to executors, successor trustees or other fiduciaries, unanswered questions and unequal treatment of heirs can lead to confusion…Read More
You might think of a philanthropist as an extremely wealthy individual who holds a great deal of power, but that’s not necessarily true. Anyone can contribute philanthropically to causes they care about, and that includes you. One great method of giving back is to establish a charitable trust in your estate plan. A charitable trust is a type of trust…Read More
At first, the term “living will” might sound like an oxymoron. If a will is a document intended for after you die, then what in the world is a living will? As it turns out, a living will is an important document in its own right that can be absolutely crucial to have. What is a living will? A living will is…Read More
Many people now live well into their 90s, even to 100 years old. Healthy and wealthy individuals are not the only people blessed with longevity. People from all walks of life may live well past the average ages projected by researchers. How many have the financial resources to support themselves through sickness and health when they live past a “certain…Read More
Many people now live well into their 90s, even to 100 years old. Healthy and wealthy individuals are not the only people blessed with longevity. People from all walks of life may live well past the average ages projected by researchers. How many have the financial resources to support themselves through sickness and health when they live past a “certain…Read More
One important question executors might have in administering an estate is whether creditors can have claims satisfied by bringing lawsuits against the estate. After all, many people in this position may be confused about whether they could be personally held liable as the administrator of the estate, or whether a creditor may have a legitimate claim against the estate at…Read More
A study published this summer in the Journal of the American Geriatrics Society shows that the average cost to care for a dementia patient for just five years is more than $320,000. The cost of caring for a loved one who does not have dementia is over $130,000 on average. Unfortunately, the bulk of long-term care expenses are typically paid…Read More
Hugh Hefner, of Playboy fame, recently passed away. He reportedly had an “iron clad” prenuptial agreement with his third wife that kept his fortune from his young bride. Yet, current reports state that the widow will “be provided for” after the death of her husband. Is it possible for both reports to be true? In short, the answer is yes.…Read More
