Estate planning is so important for you and your loved ones, to make certain that your assets are transferred seamlessly to your heirs upon your death. Let’s look at 3 must haves: Wills and trusts: A will or trust should be the main component of every estate plan, even if you don’t have considerable assets.…

A key reason why some people prefer an RLT is that, unlike a will, it means that there is no need to probate your estate. Also, assets can be passed directly to the beneficiaries immediately after your death. A Revocable Living Trust, unlike public probate records, remains private. Should you, sadly, ever become incapacitated, it…

Dying intestate means you pass on without a will and the intestacy laws of your state determine the distribution of your property. While these laws vary greatly between states, in most cases, your real estate is distributed to your “heirs” in split shares. For example, if you’re married and have children, they will inherit your…

There is a wide range of reasons why a will might be contested. Among the most frustrating for beneficiaries, and one never intended by the person making that Will, is for the formalities – or technicalities, if you prefer – to be at fault. Problems can include a lack of proper notarization, incorrect paperwork, or…

It may be particularly for estates of less than $100K and with adult off-spring beneficiaries with no Special Needs. However, Simple Wills do usually require court supervision. Among the key reasons for this is oversight of property transfer to beneficiaries. This leads to court costs, plus legal and executor’s fees, estimated at over 4% of…

Many people start a new year by committing to some simple self-improvement resolutions, and these may or may not last to the end of the month! One other action a new year encourages us to do is to make sure everything is as it should be for times ahead. This means that now is a…

In circumstances where there is neither a Revocable Living Trust nor a Durable Power of Attorney in place, the law in Colorado allows the courts to create a Conservatorship. This means that, should you be unable to conduct your own business affairs, due to either a physical or mental incapacity, then a Conservator is responsible…

If you are writing a will, you may be wondering what type of lawyer you should hire. The answer to that question is that you need to hire an estate lawyer. These lawyers specialize in creating a legally binding will, and they can give you advice on how to divide up your estate. This will…

Your hard-earned assets can easily be lost or garnished as a result of a lawsuit, paralyzing you financially. Many opportunistic creditors target these assets when filing for lawsuits. An asset protection trust and asset protection attorney can help you protect your assets from such lawsuits. While both of them ensure your assets are well beyond…

This is a question our team is often asked. The answer: it’s a method for adding specifics about the division of your assets without making your will too long. It also easier to change in the future without it becoming a drawn-out process. In such a Memo you can bequeath tangible personal property to individuals.…

If you can help it, you don’t want to end up co-owning liable assets like vehicles, planes or boats, because if they are involved in an accident you will be held liable as the owner, even if you weren’t operating the vehicle at the time. Even if they aren’t your most valuable assets, they can…

You’ve written out your final wishes, how you want your possessions to be distributed after you pass away. It is in your own handwriting and signed by you. Is your handwritten will legal? That’s a little tricky. The short answer is, probably yes. But you have to make sure you cover all of your bases.…