Colorado Estate Planning And Estate Settlement Legal Blog
The expenses of round-the-clock nursing home care are exorbitant. Even mid-tier facilities in the Denver area with semi-private rooms can cost between $9,000 and $10,000 per month. According to a study by Genworth Financial, private rooms in high-end nursing homes in the huge Denver-Aurora-Lakewood metropolitan area can cost upwards of $230,000 annually. These staggering costs can easily run through a…Read More
What exactly is a guardian? Who needs one? How do you ask the court to appoint one (and do you want to be given the job)? These are the most common questions that people have about guardianship — and the answers you need. What is a guardian? A guardian is appointed by the court (or chosen by the individual in…Read More
You’ve been working hard to give your parents the care they need as they get older, but it has become too much to take on alone. So, you and your parents have made the decision to have them move into an assisted living facility so they can get the care they need. This is a decision many people in the…Read More
You’ve been working hard to give your parents the care they need as they get older, but it has become too much to take on alone. So, you and your parents have made the decision to have them move into an assisted living facility so they can get the care they need. This is a decision many people in the…Read More
If you’re establishing an estate plan, you are probably familiar with the term “probate.” Probate is the process by which your estate is examined and dispersed after your death. It can be extremely expensive for your family and extremely public – all probate court proceedings are a matter of public record. All estates must go through probate court, but Colorado…Read More
Earlier this year, we took a look at why it’s important to create a will and do your estate planning early on, while you’re still in good health. Now, we’ll delve into state-specific information you should know about setting up a will in Colorado. States laws have different criteria for determining whether a will is valid. In Colorado, a will is recognized as…Read More
It’s hard to believe that a new year will arrive in just two months. Before you dive into the holidays that fill up these last days of 2017, take a little time to review this checklist: Has there been a change in your immediate family? I.e. a marriage, divorce, birth or death. The birth of a grandchild or the death…Read More
It’s been a year and a half since Prince’s passing, but the probate of his estate–the legal process for determining how to reallocate his property–continues. Some of Prince’s heirs are now requesting that a new administrator take over the process, accusing their current administrator of mismanagement that has cost them millions of dollars. According to the heirs, the administrator told…Read More
People treat the probate process as if it is as inevitable as, well, death and taxes. People with substantial assets fear probate because it is a public process, and it exposes the estate to taxation. The objective is to keep as much as possible “in the family,” and not turn it over to Uncle Sam. Actually, there are a handful…Read More
No matter your level of income, your home may be one of your most valuable assets. Unlike other types of assets — such as pension plans, stocks and 401(k) accounts — homes and long-held vacation properties have sentimental value as well. This can make them hard to let go when the time comes. Whether you are thinking about the distant…Read More
