Posts Tagged ‘Colorado Probate’

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.



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.



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 [...]



Recovering Nonprobate Assets to Pay Claims Against An Estate

By Douglas A. Turner, Esq. • Dec 9th, 2007 • Category: Child Support Collection, Colorado Collection Law, Estate Planning & Colorado Probate

More and more individuals are avoiding probate by using revocable trusts, payable on death designations and joint tenancy. The end result is that when a person dies, their money quickly disappears leaving the creditors of the deceased with nothing but an account due and owing. However, there are ways to recover from those who received [...]



Ancillary Probate: Will It Cost You Thousands?

By Douglas A. Turner, Esq. • Oct 9th, 2007 • Category: Estate Planning & Colorado Probate

Avoiding ancillary probate is easy. By putting real estate into something called a nominee trust or living trust, ancillary probate proceedings and the associated expense can be avoided. As an alternative to a living trust, a limited liability company can be created, the real estate transferred to the company and then ownership in the company can be transferred to the heirs through the primary probate proceeding…



Disposition of Last Remains

By Douglas A. Turner, Esq. • Jun 4th, 2007 • Category: Estate Planning & Colorado Probate

Well, times have changed since I first wrote about the disposition of dead bodies. It used to be that an individual could not control what happened to his or her body after death. Well, that has changed. Colorado’s Disposition of Last Remains Act Several years ago, Colorado enacted the Disposition of Last Remains Act. In [...]



Is Your 1990’s Tax Planning Will Going To Cost Your Spouse Thousands?

By Douglas A. Turner, Esq. • Jun 4th, 2007 • Category: Estate Planning & Colorado Probate

Many tax planning wills and trusts have a little secret hidden deep down inside – the up front expense of long-term estate tax planning. There is a cost to a will or revocable trust that creates irrevocable, tax planning trusts at death. A person should always review that plan and ask himself or herself, is [...]



Decoupling: A Dirty Little Estate Tax Secret

By Douglas A. Turner, Esq. • Jun 4th, 2007 • Category: Estate Planning & Colorado Probate

Hurray! The federal estate tax exemption is 1.5 million this year. Hurray! A married couple with a tax planning estate plan can shelter up to 3 million from federal estate tax. Hurray! The federal exemption will go even higher in the year 2009. But … what about STATE estate tax? Oops! Well, listen up and [...]



Jointly-Held Property: Common but Complicated

By Douglas A. Turner, Esq. • May 9th, 2007 • Category: Colorado Real Estate, Featured Posts

Joint tenancy is a convenient form of ownership. It is a form of ownership that has been encouraged in the marketplace by financial institutions and, to some extent, by professional advisors. Joint tenancy, it is estimated, is utilized in most married couples’ estate plans. Because of the survivorship feature of joint tenancy, it is thought [...]



Colorado Beneficiary Deeds: An Introduction

By Douglas A. Turner, Esq. • Apr 14th, 2007 • Category: Colorado Real Estate, Estate Planning & Colorado Probate, Features

Beneficiary Designations and Beneficiary Deeds in Colorado Beneficiary designations have long been used to avoid probate upon death. Bank accounts, investment accounts, retirement accounts and life insurance can be transferred upon death by naming a beneficiary to the account or life insurance proceeds. However, when it comes to real estate, designating a beneficiary is not [...]