How to Calculate the Value of an Estate

On October 31, 2015

Figuring out the value of an estate can be important to understanding: Whether that estate will have to pass through probate (as estates valued at less than a certain amount do not generally have to be probated in Colorado) Whether grantors may want to put some special estate planning features, like trusts, in place now The future estate tax obligations for an estate. Although the valuation process for estates can be complicated, especially when estates are larger and/or they include…
Read More

4 Myths about Colorado Probate Dispelled

On October 25, 2015

Probate in Colorado can be an involved process that, even for more modest estates, can take six months or longer to resolve. While many people are aware that probate can be complicated and costly, however, there are a lot of misconceptions out there about this process – and some of these falsities can mislead people into making costly mistakes that could end up increasing the challenges of a future probate case. To prevent these probate myths from misguiding you or…
Read More

Estate Planning for Business Owners: An Overview

On October 20, 2015

Estate planning can be a complicated endeavor for anyone. For business owners, however, considering what will happen to their business after they pass away – and taking the time to think about and resolve these issues now – can be the key to putting an effective, comprehensive estate plan in place for their loved ones and their business. Estate Planning 101 for Business Owners: Important Issues to Consider The taxes – Did you know that, upon your death, your business…
Read More

5 Warning Signs of Breach of Fiduciary Duties

On October 15, 2015

Fiduciaries, including personal representatives and the executors of wills, are bound to act with a certain level of care and prudence when it comes to administering a will or an estate following a death. Unfortunately, however, fiduciaries may not always advance the interests of an estate over their own interests, potentially causing them to breach their fiduciary duties and incur some personal liability. For beneficiaries, understanding how and when fiduciaries can breach their duties can be integral to knowing when…
Read More

FAQs about the Colorado Designated Beneficiary Act

On October 10, 2015

Since 2009, the Designated Beneficiary Act (DBA) in Colorado has been allowing two unmarried people to legally endow each other with certain rights, benefits and protections regarding estate affairs and health care decisions, particularly in the event of incapacitation or an emergency situation. Because the DBA is complex – and because many people may be unaware of how this Act can benefit them, below we have answered some of the most commonly asked questions about the Colorado Designated Beneficiary Act….
Read More

How to Select an Estate Planning Lawyer: 4 Things to Look For

On October 5, 2015

When you are ready to put an estate plan in place, one of the first steps to take can be finding the right lawyer to help you. With so many choices for legal professionals out there, however, knowing who you can rely on can be challenging. To help you get on the right path and discern who may be better choices for estate planning assistance, below are some of the most important things to look for in lawyers who you…
Read More