An Overview of the Colorado Probate Process

On July 20, 2015

Many estates have to pass through Colorado probate after a person dies. While probate can proceed informally for uncontested estates, formal probate, which is known for being complicated, lengthy and expensive, can be necessary when: A will is invalid, is ambiguous or is being contested. There are issues (apparent or actual) regarding the administration of a will. Below, we’ll take a closer look at the fundamental stages of the formal probate process in Colorado. Three Phases of Formal Probate in…
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Top 3 Reasons You Need an Estate Plan

On July 15, 2015

Each year, close to 2.5 million Americans die. What may be just as unfortunate as these deaths is the fact that, in many cases, the decedents end up passing away having never signed some basic estate planning documents. This can leave their families facing more financial and emotional stress than they would have had a will or estate plan been put in place. Below, we’ll point out some of the most important reasons to prioritize developing an estate plan ASAP…
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Living Trust FAQs

On July 10, 2015

Living trusts can be an important part of some estate plans, especially for people who have special needs children, who want to help their families avoid probate and/or who have other special circumstances/wishes. To elucidate the benefits of living trusts and when people should consider setting them up, below, we’ll answer some of the most common questions about these estate planning tools. When you are ready to set up a living trust or resolve any estate planning issue, contact an…
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16 Protections Granted by the CO Designated Beneficiary Agreement Act

On July 5, 2015

Since July 2009, the Designated Beneficiary Agreement Act in Colorado has allowed unmarried people in the state to grant in writing certain legal rights, protections and benefits to their partners. While this Act can empower unmarried couples to grant their partners the authority to make certain health care decisions on their behalf in the event of an emergency or incapacitation, it also allows non-married couples to provide their partners with the authority to carry out certain estate administration decisions for…
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