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COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday – Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication:
guiding colorado families and Their Trusted Advisors During Times of Need

Don’t leave an estate mess for your loved ones to clean up

| Feb 10, 2017 | Estate Planning |

Why is it so important to leave a road map for loved ones after you are no longer able to make decisions or communicate your wishes? If you fail to put your wishes in writing, the state of Colorado will use a default (intestacy law) to determine what happens.

With intestacy, you lose the ability to choose who inherits the bulk of your estate. If you have remarried and blended families, this can cause problems. A favorite charitable organization you volunteered with and had hoped to leave a gift (but never put it into writing) could be left out.

Even celebrities aren’t immune

Recent years have given us high-profile examples of what happens without a clear, comprehensive estate plan. Rock star Prince, for example, died without leaving instructions for what should happen to his assets. Potential heirs emerged from all over the country, including several people claiming to be illegitimate children or other relatives. The issue, and the embarrassment for his family and friends, could have been avoided if he’d had an estate plan.

Other high-profile legal issues arose because of the poor estate planning choices of Tom Clancy. While he passed away in 2013, debate over his estate continued for years because of an ill-timed and vaguely worded codicil (addition) signed shortly before his death that undid careful prior planning. His heirs have challenged the provision. Legal challenges persisted until late 2016.

These lessons should serve as a cautionary tale that estate planning cannot be put off. Learn more about getting started on your estate plan by contacting an experienced local attorney as soon as possible.

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