The Hughes Law Firm

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Trust

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: March 28, 2018

If you have not considered a revocable living trust for your Colorado estate, now may be a good time. Many people are well aware of who they plan to pass their estate and assets on to when they die. If that is the case with you, a living trust might make things easier for both you and your heirs. A…Read More

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: February 23, 2018

What do you do when a charitable trust outlives it’s stated purpose or terms? In some cases, it may be necessary to dissolve the trust. In other cases, the court can use the legal doctrine known as “cy pres” to fulfill the intent of the trust, even if it is no longer possible to fulfill the exact terms in the…Read More

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: February 23, 2018

While most people think about their children and heirs when it comes to estate planning, pets often get left to anyone who will take them. This does not always fair well for someone’s cherished companion. Many pets have known only one caretaker all of their lives and just like humans, they are going to experience a deep sense of loss.…Read More

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: February 14, 2018

Being a parent is a nerve-wracking job in the best of situations. When you have a child with special needs or disabilities, however, it becomes infinitely more complicated and difficult. You won’t want to make assumptions about what your child can do with his or her life, but you may find yourself worrying about what life will be like after…Read More

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: October 23, 2017

You might think of a philanthropist as an extremely wealthy individual who holds a great deal of power, but that’s not necessarily true. Anyone can contribute philanthropically to causes they care about, and that includes you. One great method of giving back is to establish a charitable trust in your estate plan. A charitable trust is a type of trust…Read More

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: June 14, 2017

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

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: May 19, 2017

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

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: April 10, 2017

In our last post, we examined some of the time- and cost-saving benefits of a living revocable trust. However, if the revocable trust is not funded properly, the trust documentation will be of no more value than blank pieces of paper. After creating the trust document, the next step is to change titles and beneficiary designations for every asset that you…Read More

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: April 3, 2017

A living revocable trust is an increasingly popular option for two reasons: (1) It avoids the unnecessary time, delay and costs associated with probate; and (2) The creator retains complete control. For example, the individual who creates the revocable trust can also serve as the trustee and name himself or herself as the sole beneficiary. As trustee, the individual has…Read More

  • On behalf of: The Hughes Law Firm, P.C.
  • Published: March 17, 2017

A few decades ago, children with severe physical and mental disabilities were not expected to outlive their parents. However, medical advances and specialized care allow these children to live into advanced adulthood. This good news raises concerns for their parents. Who will care for my adult child when I am gone? If you have an adult child with special needs,…Read More