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 […]
A bond is a type of insurance policy that guarantees that a legal representative will carry out his duties. Should the legal representative fail to perform as specified in the contract, the bond guarantees that a certain amount of money be paid to the injured party.
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.
Everybody knows they should have a will, but is it really necessary? The answer is pretty easy if there are children involved from a prior relationship. The answer is a definite yes. Here is why.
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.
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 […]
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 […]