FAQs about Executors and Wills (Pt. 3)

On July 31, 2014

Here is the conclusion to our three-part blog FAQs about Executors and Wills. If, after reviewing these FAQs, you have additional questions or are ready to move forward with any aspect of estate planning, you are encouraged to contact the Denver wills and estate planning lawyers at JR Phillips & Associates, PC. Q: Who cannot be named as an executor to a will? A: While people will have a wide range of options when it comes to choosing executors, there…
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FAQs about Executors and Wills (Pt. 2)

On July 25, 2014

Continuing from FAQs about Executors and Wills (Pt. 1), below are some more answers to frequently asked questions about the role of executors when it comes to the administration of wills. Q: Who can be the executor of a will? A: Pretty much anyone – ranging from a relative to a legal professional – can be named as the executor of a will. In general, however, people tend to specifically name at least one of the following individuals to be…
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FAQs about Executors and Wills (Pt. 1)

On July 20, 2014

Whether you are drafting a will as part of the estate planning process or you have been named the executor of a will, you may have some questions about the executor’s role and what to expect. In this three-part blog, we will answer some of the most commonly asked questions associated with the role of executors in the administration of wills. If you have been named an executor, are preparing to draft a will or have any questions about these roles…
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6 Mistakes to Avoid When Developing a Power of Attorney (Pt. 3)

On July 15, 2014

Here is the conclusion to our three-part blog 6 Mistakes to Avoid When Developing a Power of Attorney. Power of Attorney Mistake 5 – Not Creating Any Power of Attorney This power of attorney mistake is commonly made when people put off essential estate planning or when they are unaware that they should be taking these steps to plan for their future. Not having a power of attorney in place can leave your finances and medical care in a state…
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6 Mistakes to Avoid When Developing a Power of Attorney (Pt. 2)

On July 10, 2014

Picking up from 6 Mistakes to Avoid When Developing a Power of Attorney (Pt. 1), below we will continue our discussion regarding common mistakes that you should avoid making when creating powers of attorney. Power of Attorney Mistake 3 – Selecting the Wrong Person When you create a power of attorney, you will essentially have to choose a person who will hold the authority to make certain decisions on your behalf. This person, who is known as the attorney-in-fact or…
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6 Mistakes to Avoid When Developing a Power of Attorney (Pt. 1)

On July 5, 2014

Powers of attorney are essential components of any comprehensive estate plan, as they provide specific plans for what should be done in the event that person becomes incapacitated in the future. While powers of attorney can be tailored to a person’s specific needs and wishes, they can range from being very limited in their powers to being extremely detailed and empowering. It’s important, however, to point out that the process of developing a power of attorney can be just as…
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