The Four Types of Will Gifts When a testator wants their last will and testament to outline gifts they’ll be leaving to their beneficiaries (known as bequests), there are four different will gifts a testator can consider. Knowing the difference between the four types of will gifts helps a testator
Letters Testamentary in Colorado If you find yourself in the wake of a loved one's passing and were assigned the executor (known in Colorado as personal representative) role of their estate, you may need Letters Testamentary in order to perform the duties necessary in this role. After all, the deceased
Family Trusts in Colorado - What They Are and Why They Matter Colorado Family Trusts - What you Need to Know Although many people have heard the term family trust before, it’s common for those same people to struggle defining exactly what a family trust is. This article sheds light on
Colorado Estate Tax: Do I Need to Worry? Colorado Inheritance Tax: What You Need to Know We spend time every year trying our best to minimize our tax liability. Do we also have to worry about taxes on our estate after we pass away. What about in the event
Colorado Guardianship Guardianships in Colorado are intended to provide oversight, protection, and care to minors and adults in certain situations. Generally, a legal guardian is an individual who has been appointed by the court to manage the daily needs of a ward, the person subject to the Colorado guardianship. As
Probate in Colorado Probate in Colorado is the legal process wherein a deceased person’s property is distributed to their heirs and beneficiaries. Debt that is owed to creditors is also addressed during Colorado probate. Typically, a last will and testament is in place to direct these efforts. However, in the
Elder Law in Colorado: Elder Law Basics Explained Colorado Elder Law Elder law is an umbrella term for a number of different legal areas related to the elderly. It includes things such as estate planning, long term care, retirement, health care, guardianship, wills, trusts, and probate. An attorney specializing in
How is My Trust Taxed in Colorado? Colorado Trusts: What You Need to Know Setting up a trust is a good way to protect your assets or provide for your heirs. For the average person, there are a lot of questions associated with establishing a trust. It can be a
Beneficiary Deeds in Colorado What Is A Colorado Transfer On Death Deed? A Colorado transfer on death deed (known as a beneficiary deed in Colorado) is a document that allows you to pass ownership of property to an individual or entity without the necessity of probate. In Colorado, a beneficiary
Power of Attorney in Broomfield, CO A power of attorney is a document that enables a person “attorney-in-fact” privileges for another individual. These privileges can be assigned in a manner that is general, or aimed at specific purposes. A common situation requiring the use of a power of attorney
