Author Archive

Avoiding Family Feuds Over Personal Property

By Douglas A. Turner, Esq. • Apr 8th, 2008 • Category: Estate Planning & Colorado Probate

Almost always, the death of a parent causes some sibling issues to bubble to the surface. In most families, the issues are dealt with, ignored, or siblings go on with their lives without a fuss. On occasion, those issues explode into litigation. So what is the fuse that ignites the explosion? Personal property.



Bequest

By Douglas A. Turner, Esq. • Feb 9th, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

Bequest is an old legal term that basically means to give a gift, or to bestow property, as designated in the terms of a will.



Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison

By Douglas A. Turner, Esq. • Jan 9th, 2008 • Category: Estate Planning & Colorado Probate

Many people try to avoid Colorado probate because of the perceived expense. To avoid a Colorado probate proceeding upon death, Colorado real and personal property must pass to the heirs by other means. In the case of real estate, Colorado quitclaim deeds (note: not Colorado quit claim deeds, as erroneously written at times) are often used. In most cases, however, the better alternative is a Colorado beneficiary deed.



If Bill Gates Had Used An Asset Protection Trust

By Douglas A. Turner, Esq. • Jan 9th, 2008 • Category: Estate Planning & Colorado Probate

According to Wikipedia, Bill Gates is now worth about 56 Billion dollars. Query: If Bill Gates had placed his Microsoft stock in an asset protection trust when the company began, how much would he have saved in estate taxes? Answer: Roughly 20 billion dollars.



Ten Colorado Probate and Estate Planning Tips For 2008

By Douglas A. Turner, Esq. • Jan 9th, 2008 • Category: Estate Planning & Colorado Probate, Hot Topic

Welcome to 2008! To start the New Year off right, here are ten important Colorado probate and estate planning tips for the New Year. The first Colorado probate and estate planning tip is a Will. If you don’t have a Will, get one. In particular, married couples with children from prior relationships should always have a Will. Otherwise, the couple may be very surprised at who gets the money at death.
Read more Colorado Probate & Estate Planning Tips»



Marital Agreements

By Douglas A. Turner, Esq. • Jan 9th, 2008 • Category: Estate Planning & Colorado Probate, Marriage, Family, and Divorce

Pre or post marital agreements define the rights of each spouse in the event of divorce or death. Any couple with a marital agreement should have a will. Here is why.



Colorado Deed Service: Colorado Real Estate Document Management Resource

By Douglas A. Turner, Esq. • Dec 10th, 2007 • Category: Features

Colorado Deed Service is a comprehensive real estate document management resource based in Colorado that provides the following services:

Deed preparation and recording in Colorado. Colorado Deed Service can assist you in all your Colorado real estate document needs.
Transfers of Colorado real estate into revocable trusts. Colorado Deed Service can manage the entire process of putting [...]



Common Law Marriage

By Douglas A. Turner, Esq. • Dec 10th, 2007 • Category: Marriage, Family, and Divorce

In this day and age of cohabitation instead of marriage, Colorado courts hear more and more claims of common law marriage. Determining whether a couple is common law husband and wife is not always easy. Any person cohabitating with another should ponder the question, “Are we married in the eyes of Colorado law?”
Traditional Marriage and [...]



Life Insurance, Suicide & the Two Year/One Year Rules

By Douglas A. Turner, Esq. • Dec 10th, 2007 • Category: Estate Planning & Colorado Probate

Now, I know the title does not sound exciting, but there is much money at stake. How much? Millions, and some of it may belong to you if you understand the two-year rule and the one-year rule regarding life insurance death benefits.



Common Legal Misconceptions

By Douglas A. Turner, Esq. • Dec 10th, 2007 • Category: Colorado Business Law, General Discussion, Legal Briefs

Over the years, our law office has dealt with many legal problems caused by misunderstandings about the law. For the benefit of all, a few of those misconceptions are listed in this article. Read on and test your legal skills!