Colorado Estate Planning And Estate Settlement Legal Blog

After the death of a loved one, those left behind often feel overwhelmed with the details involved in wrapping up the deceased’s affairs. This is especially so for those appointed as estate executors. An executor — or personal representative — of a will or an estate is in charge of making certain that the deceased person’s final wishes are carried…Read More

Charles Manson, responsible for nine murders almost half a century ago, died of natural causes last month at the age of 83, and once again he appears to be causing chaos. Apparently, during all his years in prison, he failed to do any legitimate estate planning, leaving his potential relatives and friends to fight over his belongings in probate court.…Read More

People don’t really like thinking about wills in the first place. Doing so is often painful and requires asking yourself a lot of difficult questions. However, it’s terribly important that even if you hate dealing with your will, you still set some time aside in order to review your will and other end-of-life documents once a year. Otherwise, you may…Read More

Succession planning for a business is a lot like estate planning is for your family. For many, business and personal lives are so intertwined, that planning for one is linked to planning for the other. Like estate planning, it is not something you want to put off doing to a later date. No one knows what tomorrow holds. An illness…Read More

Estate planning is a task that many people put off doing. As a matter of fact, a 2015 survey from Caring.com revealed that 44 percent of parents in the United States do not have wills or living trusts. Is it because they do not understand the importance of having these documents in place? It is more likely because they see…Read More

If you are the beneficiary of an estate or property, you need to know what the laws are regarding estate taxes. Do you have to pay an estate or inheritance tax? It depends on the state you live in and the state your benefactor lived in when he or she died. Colorado does not have an inheritance or estate tax.…Read More

Did you know that you may be responsible for paying your parents’ medical bills and long-term care expenses? In certain circumstances, filial laws allow nursing homes and other types of care facilities to seek payments from you. If you live in Colorado but your parents live elsewhere, you may fall into that group. What are filial responsibility laws? Filial refers…Read More

What Is Inheritance Theft? Inheritance theft is something that can happen right under your nose. You may have been told time and again that you’re going to inherit something only to find out that when your parent, grandparent or other relative dies that whatever you were promised is gone or the bank accounts are nearly emptied. Common Examples Of Inheritance…Read More

Did you know that 30 percent of seniors in Denver live on less than $20,000 per year? And 24 percent of those 60 years old or older receive food stamps? That is a whopping number of the aged population that probably have not planned for long-term health care. If you didn’t know that, you probably also didn’t know that when…Read More

Don’t Forget Your Beneficiary Designations When Estate Planning – Estate planning is complicated, and needs careful attention. Many people put it off, however, because it involves thinking about difficult topics, such as… Our own mortality The potential for incapacity or invalidity Naming powers of attorney and health care proxies to handle financial matters and make medical decisions on our behalf…Read More