Author Archive

Colorado Probate And Real Estate

By DouglasTurner.com • Aug 12th, 2008 • Category: Estate Planning & Colorado Probate

One of the primary reasons we open Colorado probate estates is to transfer real estate from the deceased person to the new owners. Here are the various ways we make that transfer and how to minimize the transfer costs of Colorado probate real estate.



Death of the Special Needs Trust

By DouglasTurner.com • May 28th, 2008 • Category: Estate Planning & Colorado Probate

Coming soon to a state near you is the demise of the third party special needs trust. Here is why and what to do about it.



Conservatorship

By DouglasTurner.com • Mar 2nd, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.



Conservator

By DouglasTurner.com • Mar 2nd, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

The Conservator is a person designated by the probate court to oversee the assets of a protected person who, because of age, intellect or health, is incapable of managing his/her own affairs.



Common Disaster Clause

By DouglasTurner.com • Mar 2nd, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

A Common Disaster Clause is a clause in a will that specifies how property is to be distributed, in the event that all intended heirs die from the same accident.



Community Property

By DouglasTurner.com • Mar 2nd, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

In some states, the law requires that all assets obtained during marriage belong equally to both spouses, excluding gifts and inheritance given specifically to one spouse. Such assets are termed community property. However, Colorado is not a community property state.



Codicil

By DouglasTurner.com • Mar 2nd, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

A codicil is a written change, amendment, supplement or addition to a person’s will. It may modify, add to, subtract from, clarify, qualify, alter, or revoke provisions in a will. A codicil is executed with all the formalities of the will itself.



Closely-Held Business

By DouglasTurner.com • Mar 2nd, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.



Charitable Remainder Trust

By DouglasTurner.com • Feb 9th, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

A Charitable Remainder Trust is often used to make large donations (of either property or money) to a charity so that the donor can obtain a tax advantage.



By Representation, Per Capita at Each Generation, Per Stirpes

By DouglasTurner.com • Feb 9th, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.