Colorado Springs Estate Planning And Probate Blog
Incoming challenges require preparation in probate court
When you lose a loved one, you want to carry out their final wishes and lay their memory to rest as soon as possible. Unfortunately, any challenges to the will can lengthen this already difficult process. Colorado is seeing a dramatic increase in the probate filings...
Estate planning myths that need to be busted
Estate planning is already confusing and worrisome for a wealth of Americans. They shouldn't be worried or confused that they don't have enough wealth to form an estate plan. That’s one myth that needs some clarification. Other myths that will be busted below, are...
Special needs trusts offer peace of mind and much more
If you’re a parent or legal guardian of someone with special needs, you probably do your share of worrying. Aside from concerns about what might happen to them, there’s always what can happen to you and what could happen next.The Colorado and federal legal...
What is a financial power of attorney?
An estate plan is a set of testamentary documents that provides instructions to survivors about how the decedent wished to distribute the property and assets in their estate. Colorado residents of all backgrounds and walks of life should have estate plans to ensure...
Does every will have to be written?
People in Colorado may have executed a written will that meets all the necessary legal formalities, including being witnessed and signed by the appropriate number of individuals. However, not everyone takes this essential step. Sometimes, a person hand-writes a will...
Three holographic wills uncovered in late music legend’s home
Music fans in Colorado Springs may remember the death of music legend Aretha Franklin last August. At the time of her death, it seemed that Franklin passed away without executing a will. However, three holographic wills were recently uncovered in her home. These wills...
What can revocable trusts do in Colorado?
Many people in Colorado include a revocable trust in their estate plan. Revocable trusts can be useful in estate planning, since they provide a means for preserving a person's assets to hand down to trust beneficiaries upon the grantor's death. Moreover, unlike...
What happens if a beneficiary dies before their inheritance?
Creating a will requires careful consideration of your assets, your loved ones and your anticipation of the future. Contemplating your own death is not easy, but necessary if you are going to be a forward-thinker. Oftentimes, the well-being of your loved ones depends...
Colorado law dictates who will inherit in the absence of a will
Some people in Colorado may intend to execute a will someday, but simply never get around to it. Other people may put off executing an estate plan because they don't want to think about their own death. Whatever the reason, people in Colorado sometimes die without...
Choosing the right trustee for your trust
Incorporating a trust into your estate plan is a great way for many Coloradoans to exercise more control, customization and protection over their assets. While many different types of trusts exist to accomplish distinct goals, one thing remains constant: the need for...
