Colorado Estate Planning And Estate Settlement Legal Blog
This has happened more than once. Someone – let’s call him Robert Sr. – grants his son, Robert Jr., financial power of attorney for himself. When Robert Sr. becomes ill, Robert Jr. dutifully pays his bills and manages his accounts. When Robert Sr. dies, Robert Jr. – not knowing better – continues as before, opening mail and paying bills –…Read More
One of the most critical parts of putting together a will in Colorado is selecting an executor who understands your intentions and desires, and is committed to allocating your possessions in conjunction with what you have recorded. Being proactive about preparing your will can provide security for your loved ones and peace of mind for you, and is facilitated by…Read More
Rock legend Prince, who died April 21 last year, was loved worldwide for his brilliant and passionate music. But as news emerges about the estate he left behind, family members must wish he had been as brilliant and passionate about his finances. Lacking a will or any coherent statement by Prince about his wishes for his estate the courts in…Read More
Whether you have an aging loved one or a close friend in Colorado who needs assistance, you may want to look into obtaining a guardianship. According to Colorado law, guardians can be appointed over incapacitated minors or adults who are unable to make informed choices or communicate with professionals regarding their safety, self-care or physical health. Guardians can be family…Read More
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…Read More
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…Read More
Rock legend Prince, who died April 21 last year, was loved worldwide for his brilliant and passionate music. But as news emerges about the estate he left behind, family members must wish he had been as brilliant and passionate about his finances. Lacking a will or any coherent statement by Prince about his wishes for his estate the courts in…Read More
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. Nevertheless, there…Read More
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. While working your way through the probate…Read More
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. The definition given by Legal Dictionary states that a holographic will is a will that is handwritten by the testator. However, because this method…Read More
