Your Trustee Duties: Here’s What You Need to Know (Pt. 2)

On November 30, 2014

Picking up from where we left off in Your Trustee Duties: Here’s What You Need to Know (Pt. 1), here, we will continue to point out the specific obligations that trustees have when they accept the responsibility of administering trusts. While the first part of this blog series focused on outlining the ethical obligations that trustees have, here (and in the upcoming third part of this series), we will take a closer look at the administrative responsibilities that make up…
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Your Trustee Duties: Here’s What You Need to Know (Pt. 1)

On November 25, 2014

Being a trustee is a big responsibility that comes with both ethical and administrative obligations. Although you don’t have to have an attorney inform you of these obligations or help you comply with them, if you try to administer a trust on your own (especially when you may have some other significant obligations in your life and/or you may not be familiar with administering trusts), you can: End up mismanaging the funds or assets of the trust Be accused of…
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FAQs about Drafting Wills (Pt. 3)

On November 20, 2014

Wrapping up our blog series FAQs about Drafting Wills, below is some additional important info regarding drafting wills. Q – How should wills be prepared? Can they be handwritten? A – When drafting wills, the following is what people should keep in mind in order to ensure that they are drafting legally binding, comprehensive and effective wills: Wills should be signed and dated by the willmakers (i.e., the people who are the subjects of the wills). At least two uninterested…
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FAQs about Drafting Wills (Pt. 2)

On November 15, 2014

Continuing from where FAQs about Drafting Wills (Pt. 1) left off, here are some more insightful responses to questions about drafting wills in Colorado. Q – How can drafting wills now help my family in future? A – In many ways, with the specific benefits depending on the details of a given situation, estate and family. In general, some of the most significant benefits of drafting wills now include: Clearly outlining end-of-life directives for family members – This can ease…
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FAQs about Drafting Wills (Pt. 1)

On November 10, 2014

Drafting wills can seem like an overwhelming or even morbid process, but taking the time to put these important estate planning documents in place now can be critical to putting your final wishes formally in place. Whether you have a small or large estate, if you don’t already have a will in place, you likely have some questions about what drafting wills entails and what it can mean for your assets, family and future. In this three-part blog series, we…
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The 3 Types of Probate in Colorado: An Overview (Pt. 2)

On November 5, 2014

Resuming The 3 Types of Probate in Colorado: An Overview (Pt. 1), below we will continue our discussion regarding the different types of probate in Colorado, with a specific focus on formal probate and some info you should know regarding all types of probate in Colorado. Formal Probate in Colorado Formal probate in Colorado is typically what people think of (and dread) when they are concerned about having to proceed through a drawn out, expensive and costly probate process. With…
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