The short answer to this question is that a personal representative is the person the court appoints to administer the estate of a deceased person. A valid will may control the estate or if none exists, according to the Colorado intestacy laws.
Musicians, artists, writers, photographers and other creative types often miss an opportunity to have a say in what happens with their work by overlooking estate planning. The Queen of Soul, Aretha Franklin, who died of pancreatic cancer Aug. 16, did not complete a will or trust even though her entertainment lawyer spent several years recommending that she set up a trust.
Our founding attorney Marco Chayet serves on the board of directors of an important Denver nonprofit dedicated to the well-being of Colorado elders. In a previous post, we told you about the NextFifty Initiative, also called NFI, an organization dedicated to funding a variety of initiatives to improve the lives of Colorado seniors, defined as the second 50 years of life.
Last year, a clash between doctors and a young woman and her family culminated in an escape/abduction. The family framed it as an escape, the hospital as an abduction and reported it to local law enforcement.
Being retired and having assets to pass along is fortunate. But large, unexpected medical expenses can really start to drain even the most well-managed wealth.
According to a recent CNBC report, estate taxes are surprisingly not the biggest threat to estate plans – families are. The reasons for this follow familiar patterns of human conflict: miscommunication, unrealistic expectations and a history of family drama. Even so, there are times when legitimate concerns about a will or estate plan need to be examined and possibly addressed via probate litigation. Here are three reasons why you might want to challenge a will.
The National Council on Aging reports that approximately one in ten seniors over the age of 60 have experienced some form of elder abuse. The term itself is very broad and encompasses physical, sexual or emotional abuse along with financial exploitation, neglect and abandonment. What are some of the warning signs?
We all want to protect our loved ones. When our family members are no longer able to care for themselves, be they grandparents, adults with special needs or children, their protection becomes a high priority. In Colorado, legal guardianships and conservatorships are in place for precisely these situations.