Colorado Estate Planning And Estate Settlement Legal Blog

If you have had a loved one pass away, then you may have heard about taxation on the inheritance you receive. The main form of taxation is an estate tax. Estate taxes, as defined by the Colorado General Assembly, are those assessed when assets are transferred upon the death of a person. Until 2004, Colorado had an estate tax, but due…Read More

Whether you have lost a loved one or a close family friend has named you as administrator of his or her estate, you may be required to enter into the probate process. During probate in Colorado, the estate left behind by the deceased is valued, and the property is distributed to the heirs named in the will. Understanding how probate…Read More

Did you miss Older Americans Month in May? Not to worry – you are now an even older American. Every year, May is the month we focus on issues that matter to older people. Issues include wellness, independence, and how to stand up for yourself. Presidential proclamations Every president since JFK has issued a proclamation charging Americans to consider the…Read More

Roger Moore died this week at age 89, in the Swiss Alps that he loved. To many, he was the best James Bond of them all — confident in the face of every danger. Even James Bond required preplanning In the opening sequence of The Spy Who Loved Me, Moore is being chased by a host of gun-wielding Russian henchmen.…Read More

Like many in Denver, you likely worry that much of the estate that you have accumulated for the purpose of benefitting your spouse and/or your children once you are gone will be eaten up in the fees associated with administration. It is for this reason that you have likely done what is needed to avoid having your estate go to…Read More

If you’re of a certain age, you recognize the song from Rodgers and Hammerstein’s musical Carousel: June is bustin’ out all over — All over the meadow and the hill! June is also a big deal at The Hughes Law Firm PC in Denver. We are holding free estate planning seminars throughout Colorado. Our seminar topic for June is “Wills and Trusts 101:…Read More

Colorado residents who are looking ahead and wanting to make sure they are properly protected if the day should come that they need care and help on a daily basis should learn about different long term care options. Also, people with family members who suddenly experience a change that warrants this type of care need to learn their options. If…Read More

If you are one of the many Colorado residents who has made creating an estate plan a priority for you, you should feel very proud of yourself for taking this step. A good estate plan can give you and your family a great deal of peace of mind. It also gives you the ability to be more in control of…Read More

Some people in Colorado believe that disinheriting their children is cold and callous. But, there are legitimate reasons why a person may decide to do so. According to CNBC.com, some parents disinherit their kids because there are estrangement issues, they may not have a good relationship with them or their children are already financially well off. Regardless of their reasons, parents should take…Read More

Researchers have recently discovered that there is a biological reason why some older people are more vulnerable to financial exploitation. Levels of education, reasoning skills and personalities do not, surprisingly, affect the outcome of the findings. A study of elders led by a Cornell University scientist revealed that those who had suffered financial abuse had different brains than those who hadn’t. These…Read More