Probate describes the legal process used to transfer title to your assets – a home, cabin or vehicle – either through a will or in accordance with the law. All wills (testate estates) need to go through probate, but the complexity and degree of court involvement...
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guiding colorado families and Their Trusted Advisors During Times of Need
Month: August 2015
3 reasons to update your Colorado estate plan
An estate plan needs to be a living set of documents that change with your life circumstances or they do no good.What can go wrong? An easy example occurs frequently with beneficiary designations. Failing to change a beneficiary after divorce could even leave a 401(k)...
How to avoid or solve sibling disputes over the care of a parent
Three Colorado sisters became co-trustees of a family trust when their mother received a diagnosis of dementia. They also had an equal vote when making decisions about her care. Disagreements about the sale of a home resulted in a legal battle. They could also not...
Dealing with incapacity in Colorado, part 2: Conservators
What is the difference between a guardian and conservator in Colorado? Can one person serve in both roles?A guardian makes decisions and is responsible for the protected person’s well being, while a conservator handles the person’s estate and finances. It...
Advocacy as important as funding in a special needs trust
Do you have a loved one who suffers from a significant disability? If you have a child with severe autism or a brother or sister with down syndrome, a special or supplemental needs trust can pay for additional expenses that Medicaid may not cover.Most people initially...
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