Probate in Colorado: 6 Facts to Know (Pt. 1)

On August 31, 2014

Probate, the legal process of transferring a decedent’s property to his heirs, is an often dreaded process that people may not know much about until they are forced to go through it after a loved one passes. Because probate in Colorado may be confusing or even obtuse to some people, in this blog series, we will highlight and discuss some of the more important facts that people should know about probate when they may be: Developing a will or getting…
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Grounds for Contesting a Will (Pt. 2)

On August 25, 2014

Picking up from where Grounds for Contesting a Will (Pt. 1) left off, below, we continue our discussion regarding how people can legally challenge a will in order to try to get part or all of it rendered void. In addition to problems with how a will was executed and undue influence, another ground for contesting a will is: 3.  Mental Incapacity With this ground for contesting a will, the claim will be that the decedent lacked the cognitive capabilities…
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Grounds for Contesting a Will (Pt. 1)

On August 20, 2014

Although more than 95 percent of wills that pass through probate do so without any problems or contests arising, there are cases in which the terms of a will – or the entire will itself – may be challenged. When any beneficiary of a will contests that will, if the court ends up finding that the grounds for contesting a will are valid, then: A former version of the will (or a former clause in a prior version of the…
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8 Different Types of Trusts: An Overview (Pt. 3)

On August 15, 2014

Here is the conclusion to our three-part blog 8 Different Types of Trusts: An Overview. Additional Types of Trusts that Can Benefit You & Your Family 6. Special Needs Trusts With these types of trusts, people can provide specific financial protection for their loved ones with special needs (including both physical and mental impairments) for years to come. Special needs trusts are particularly beneficial when people want to: Financially support their loved ones with special needs Avoid doing anything that…
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8 Different Types of Trusts: An Overview (Pt. 2)

On August 10, 2014

Picking up where we left off in 8 Different Types of Trusts: An Overview (Pt. 1), below we will continue our discussion of some of the specific benefits of various types of trusts. More Common Types of Trusts… 3. Charitable Trusts With these types of trusts, a trustmaker can essentially leave some asset to a chosen charity (or a few different charities). While charitable trusts can be a rewarding way to give back to the community or financially assist a…
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8 Different Types of Trusts: An Overview (Pt. 1)

On August 5, 2014

When it comes to developing a trust, people will have a number of different options from which to choose, and the best choice (or choices) for them will depend on various factors, some of which include: Whether a person wants the power to alter the trust in the future The beneficiaries a person will want for the trust Any special rules or instructions the individual may want in place for the trust Whether the individual developing the trust wants to…
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