4 Essential Documents to Prevent Estate Planning Errors

On November 30, 2016

When you are ready to put an official estate plan in place to protect yourself and your family in the future, there can be a lot to consider, even if you don’t have a sizable estate or a large family. To help you get started on the right path, the following points out the handful of documents that should form the basis of your estate plan (if you are serious about having a comprehensive, valid estate plan). This can help you…
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How (& When) to Contest a Will: FAQs

On August 31, 2016

While the passing of a loved one can be painful and challenging to deal with, it may be more difficult to bear when you believe that an invalid or outdated will is being used to settle your loved one’s affairs. In these and other situations, contesting the will can be integral to ensuring your loved one’s final wishes are carried out – and that his or her legacy is protected in the right way. Providing deeper insight regarding will contests,…
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6 Hidden Costs of Administering a Will

On August 28, 2016

When it’s time to settle an estate and administer a will, there may be some obvious costs – like court filing fees and estate taxes – that will need to be covered as you proceed. Those, however, may not be the only costs, as there are common other, less obvious costs that can arise in the process. Being aware of what these costs tend to be can help you plan appropriately as you move forward to settle an estate. And…
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Who Should Be My Trustee?

On August 18, 2016

The answer to this question is important to consider, as your choice in trustees can have significant impacts in the future. For instance, while a good trustee can ensure that assets are distributed according to your wishes (i.e., the terms of the trust), an unethical or untrustworthy trustee may compromise the interests of your beneficiaries, may misuse the assets held by the trust or may make costly mistakes that end up having long-term impacts. So, to help you narrow down…
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Probate FAQs: Answers about How to Start Colorado Probate

On July 31, 2016

Probate, the process of validating a will, can be as complicated as it may lengthy and costly. For those who have taken on the role of personal representative or executor (of a decedent’s will), understanding just how to kick off the probate process in Colorado can be central to: Efficiently administering the will Protecting the interests of the beneficiaries Not wasting time – or the resources of the estate. Shedding more light on the Colorado probate process, the following provides…
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4 Little-Known Facts about Colorado Probate

On July 27, 2016

Probate is known for being an involved, complex and, at times, costly process. There are, however, a number of aspects about Colorado probate that are less widely understood – and that are, nevertheless, still important to understand, especially for personal representatives and beneficiaries going through the process. The following presents some of these lesser-known (but still important) facts about the Colorado probate process. When you are ready for answers, advice and information about your best options for initiating and resolving…
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Trusts & Taxes: FAQs about Tax Obligations for Trusts & Trustees

On July 15, 2016

Taxation for trusts can be complicated, as there are special rules in place for filing and paying for trust-related taxes (as opposed to personal or business taxes). Understanding the obligations and requirements for the taxes related to trusts is important to properly managing and administering trusts – and to avoiding future complications, like problems with the IRS or allegations of breaching your fiduciary duties. Revealing more about these tax obligations, the following presents some important answers to frequently asked questions…
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How to Obtain a Death Certificate in Arapahoe County

On April 24, 2016

After a loved one passes away, obtaining copies of the death certificate will be important in order to start settling the decedent’s affairs and administering his or her estate. For those who live in Arapahoe County, copies of the death certificate can be obtained from the Tri-County Health Department (TCHD)1. And here’s what you’ll need – and need to do – in order to get these copies if or when needed in the future. Required Documents to Request a Death…
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How Do Colorado Laws Limit My Choice for Executors?

On April 18, 2016

Part of developing an estate plan will involve naming an executor (or personal representative) to administer the plans in the future. Understanding the specific requirements for executors, as set forth by Colorado laws, will be important to naming appropriate choices – and to minimizing your loved one’s future stresses as they carry out your estate plan in the future. To elucidate these requirements and the Colorado laws pertaining to them, below we have answered some of the most commonly asked…
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What to Do When You Don’t Know If a Will Has Been Left Behind

On March 31, 2016

In a perfect world, you would be advised of your loved one’s final wishes, and you would know exactly where to look for his will so you can carry out all of the details. As we all know, however, the world is far from perfect. And in the realm of estate planning, that can mean that families do not always share crucial details about their wills – and the locations of these documents – with their loved ones. Ultimately, that…
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