When someone dies and leaves behind a large estate, conflict often ensues. The surviving family members may fight over assets if there isn't a highly-detailed estate plan to guide their distribution. Even if there is an estate plan, there could still be issues. It is...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Year: 2021
What you cannot do and should not do when making your final will
The primary estate planning document – the will – can do many things to give you peace of mind. You can use this legal instrument to provide for your loved ones after you die. Your final will can also ensure care for your minor children through the appointment of a...
Marco Chayet appointed to the Supreme Court Nominating Commission
is proud to announce that Managing Partner and founder Marco Chayet has been selected to serve as the 6th Congressional District Commissioner for the Supreme Court Nominating Commission. The appointment by Governor Jared Polis was...
Factors that can drag out the probate process
While many people have a general idea that a will has to be filed with the probate court after someone's passing, they typically don't understand what happens after that. That's when the bulk of a personal representative's responsibilities begin. A personal...
Becoming a parent means you need an estate plan
You have a lot on your plate as a new parent. Yet, if you do not set aside time to create an estate plan or update your current one, your child might suffer in the long run from your inaction. Your newborn is going to rely on you for years to come. You need a plan in...
Why should you regularly review your beneficiary designations?
One of the first things people do when creating an estate plan is list their beneficiaries and decide what to leave. Making such a list ensures you do not overlook any loved ones in your will and trust documents. Contrary to popular belief among many Colorado...
Understanding the true value of sentimental items
One of the biggest reasons that estate disputes happen is because heirs cannot determine what to do with items that have sentimental value. Often, the estate plan does not offer the clear direction that they need. This can happen because the parents do not fully grasp...
Is your family in crisis after the death of a loved one?
When your loved one passes away, it can throw your family into crisis mode. Immediately, you’re focusing on your grief and figuring out how to manage without your loved one present. If they were unwell or older, you may have had some time to plan for their passing. If...
There are limits to how funds in a special needs trust can be spent
You have an adult child with special needs, and you’ve been told that the best thing you can do for their future is to create a special needs trust. That way, your child can benefit from the inheritance you want to give them. Special needs trusts are designed in a way...
Do you need a perpetual trust?
Perpetual trusts or dynasty trusts, as they are sometimes known can be an important estate planning tool. Yet, you probably only need one if you have considerable wealth. When you die, the people you leave assets to may need to pay tax on what they receive. A...