Jack’s mother and stepfather were married 25 years ago. Jack’s stepfather moved into Jack’s mother’s house when Jack was a teenager. Three years later the house was sold to purchase a new home. The new home was titled in the couple’s name as joint tenants with right of survivorship. Along with the house, Jack’s mother […]
Coloradoans are getting Margarita Fever. A trip to the Mexican sun coast. Warmth, salt air and a whiff of humidity. A yearning for a piece of Mexican paradise warms the body while a little tequila whispers soulfully that it is the right thing to do. Why A Fideicomiso? Foreigners cannot directly own Mexican real property […]
We hope that you’ll find these tips and insights helpful for your life planning. We are here to assist you. We appreciate your feedback and inquiries.
Worried About A Child’s Inheritance in a Divorce? Think Inheritance Trust. In 2019 the U.S. marriage rate for women was 16.3 per 1,000 women 15 years or older. The divorce rate was 7.6. For those wondering why women and not men, according to the U.S. Census bureau, women are a better and more accurate source […]
Part of planning for your life is anticipating that you may become incapacitated and need someone to make decisions as you would like. A written power of attorney gives someone you trust this power. There are; however, a number of things to keep in mind as you do this. We get these questions often. Can […]
The Exempt Property Allowance and the Family Allowance When a person dies and a probate proceeding is commenced in Colorado, certain payments and expenses have priority over the others. Right at the top of that list is the exempt property allowance and the family allowance. Exempt Property: Priority Over all Claims Against the Estate The […]
Home buyer’s remorse used to mean having some misgivings about the house purchase price paid and the monthly mortgage payments. Today, it can mean a lawsuit against the home seller. Sometimes, those lawsuits can be for hundreds of thousands of dollars. In most cases, insurance does not cover the loss or even the defense. For […]
In Colorado, a life insurance company cannot use suicide to avoid payment of a death benefit if the suicide occurs more than one year after the life insurance policy is in force.
Perhaps the most asked question in our office is, do I need a trust as part of my Colorado estate plan? The answer depends. There is no Colorado litmus test for who does or doesn’t need a trust. There are certain factors that influence the decision. Some clients specifically request an estate planning trust because […]
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.