Man dies intestate with an estimated $10 million in assets

On September 28, 2012

Without proper estate planning, one problem that arises after someone in Colorado passes on without a will is confusion as to who should benefit from the estate. In such a situation, it will be up to the executor of an estate to pursue legitimate heirs who can receive the inheritance. This can be a very important aspect of estate administration, especially if a substantial inheritance is at stake. In the news recently is the story of a woman who may…
Read More

Dennis Hopper’s daughter inherits $3 million

On September 21, 2012

After a couple has finalized a divorce is always a very good time to review one’s estate plan. Changing beneficiaries and ensuring that any children are properly provided for will make certain that one’s wishes are carried out upon one’s passing. Sometimes this is not always possible, especially if one of the divorcing parties dies while in the midst of a divorce. This is what happened to actor Dennis Hopper. Hopper died in 2010 from prostate cancer when he was…
Read More

How should Colorado residents choose a trustee for their estates?

On September 12, 2012

One of the most important tasks of setting up an estate plan is determining who will see that your plan is carried out to your specifications. If you set up a trust, which can stay in effect for years after you’re gone, you’ll need someone who’s willing to invest the time and good judgment necessary to maintain it. Your trustee can be a close friend, family member or business partner. You may also choose to go with a professional who’s…
Read More

Man contesting ‘Jeffersons’ actor’s will wants piece of the pie

On September 6, 2012

One of the main reasons people create a will is to specify who should receive their financial assets and other belongings after they die. Among its many other purposes, a will takes the guesswork and emotional battles out of the process of dividing a person’s estate among surviving friends and family members. When you make your own choices about who should receive your assets, you limit the possibility of disputes over who is entitled to them. Limit, but not eliminate….
Read More