Colorado Estate Planning And Estate Settlement Legal Blog

We have been posting a number of blogs regarding probate issues over the past few weeks. Today, we’ll discuss life insurance proceeds. Why the general rule doesn’t always apply The rule is that life insurance proceeds skip probate so long as you have named beneficiaries who can take the payout. Upon your death, your beneficiaries receive their share directly from…Read More

Payable on death (POD) and transfer on death (TOD) accounts are very similar, except that PODs are accounts set up with a bank, while TODs are set up with a brokerage. They both cause assets to sidestep the probate process and pass proceeds directly to the individuals you name in those accounts. What are the advantages of using a POD…Read More

Summer in Colorado is something special. Humidity is lower than other states, the sunshine is powerful and plentiful, and our evenings are comfortable and serene. Perfect conditions, then, to chart a financial future for the people you love. The Hughes Law Firm, P.C., is conducting the following educational seminars, which will help you prepare for the future. Wills And Trusts 101:…Read More

For many Colorado families, the decision of putting their loved one in an assisted living facility is nothing short of time consuming. Because the long-term care of elderly family members is such an important choice for so many people, it often requires deep thought, careful planning and thorough investigation. One of the best things families can do when researching facilities…Read More

Writing your will is one of the most important parts of estate planning in Colorado. This invaluable document acts as a set of master instructions for your loved ones at the time of your passing. It can educate them about where you would like your money to go, where you wish for your possessions to end up and who should…Read More

In the last episode of our “How to Avoid Probate” series, we discussed how co-ownership is an effective way around the probate process. Now let’s drill down a bit, to understand the two common forms of co-ownership. They sound similar, but they are different categories, with different outcomes: Joint tenancy: There can be any number of co-owners in a joint tenancy.…Read More

Long term care planning should be a concern of every person in Denver. Additionally, you should carefully consider long term care options well before the time comes, whether you are in search of a living situation for yourself or a loved one. That’s why the Mayo Clinic recommends becoming acquainted with all of your long term care options as soon as possible.…Read More

Like many that come to us here at The Hughes Law Firm PC, you may have neglected to account for yours or your loved one’s long-term care in your estate planning. Planning for the potentially losing the security of self-sufficiency now avoids you or your loved one being left to the mercy of others in Denver if it ever does happen. Part…Read More

Organizing your estate and drafting a will are excellent ways to guarantee that your property gets to the desired parties upon your death. However, failure to include critical details or pay attention to articulation can leave your family members squabbling and bitter. Fortunately, with proper planning, you can help prevent unnecessary inheritance disputes. The Huffington Post suggests some proactive steps you can…Read More

Even though you may not have many assets to leave to your minor children, it is essential to their future that you create a will so that they are taken care of if you die while they are young. The team at The Hughes Law Firm often helps parents to protect their children’s welfare with a wide range of estate planning tools.…Read More