Top 7 Reasons to Create a Will (Pt. 1)

On September 30, 2014

If you don’t have a will, the idea of making one may seem unnecessary because, for instance, you are still relatively young or your estate is not that large. Regardless of why you may tell yourself that you don’t need to create a will or you don’t need to do it right now, the fact of the matter is that you can never tell what tomorrow may bring and taking a little bit of time now to get your estate…
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Dealing with Creditors in Probate: FAQs (Pt. 3)

On September 25, 2014

Wrapping up our blog series Dealing with Creditors in Probate: FAQs, below we will answer some final questions regarding creditors and probate. Additional Answers to Questions about Handling Creditors in Probate Q – When can a creditor’s claim against an estate be extinguished or shutdown? A – In a few different cases, with the most common of these being: When a creditor’s claim against an estate may be fraudulent When the debt was already repaid (and the creditor may be…
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Dealing with Creditors in Probate: FAQs (Pt. 2)

On September 20, 2014

Continuing from where Dealing with Creditors in Probate: FAQs (Pt. 1) left off, below we will respond to some more common questions that people tend to have when it comes time to pay an estate’s debts and deal with creditors in probate. More Answers Regarding Handling Creditors in Probate Q – What happens after creditors in probate come forward? What are the next steps in the process? A – A few different things happen once creditors start coming forward to…
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Dealing with Creditors in Probate: FAQs (Pt. 1)

On September 15, 2014

While probate is generally known to be a time-consuming and complicated process, one of the particularly challenging aspects of this process can be dealing with creditors in probate when an estate may have various debts to resolve. This is because there is a specific process that has to be followed for handling creditors in probate, and this usually has to be done and resolved before any of the estate’s assets can be distributed to the appropriate heirs. Given the importance…
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Probate in Colorado: 6 Facts to Know (Pt. 3)

On September 10, 2014

Here is the conclusion to our blog series Probate in Colorado: 6 Facts to Know. Some Final Important Facts to Know about Probate in Colorado Fact 5 – There may be some capital gains tax benefits associated with going through probate in Colorado. Capital gains tax specifically refers to the taxes that are levied when there has been a profit on the sale of some property. When specifically associated with an estate and probate in Colorado, capital gains tax: Typically…
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Probate in Colorado: 6 Facts to Know (Pt. 2)

On September 5, 2014

Picking up from where we left off in Probate in Colorado: 6 Facts to Know (Pt. 1), below we will point out some more important facts that people should be aware of when it comes to probate in Colorado. Additional Important Info You Should Know about Probate in Colorado Fact 3 – Probate in Colorado likely won’t have specific impacts on your personal taxes if your estate is valued at less than $5M. In Colorado, there is not currently an…
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