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Not every asset passes through a will. Certain types of property can transfer directly to a designated beneficiary, bypassing the probate process. If used wisely, this direct transfer not only simplifies the distribution of assets but can also result in efficient...
One of the most important things adults can do to care for their family members is to ensure they have their affairs in order. Creating an estate plan is a critical step to take in order to achieve this aim. As part of an estate plan, it’s possible to set up trusts....
Fiduciary litigation in Colorado can be a complex legal process, often arising when disputes emerge regarding the actions or decisions of someone entrusted with managing assets on behalf of others. Fiduciaries A fiduciary can include trustees, executors, guardians,...
If you have an irresponsible heir, you may be worried that they’re going to waste their inheritance. You’re drafting your estate plan, and you’re thinking carefully about the decades that you have spent saving up these assets. You don’t want to give them to someone...
Trusts can play a vital role in estate planning. As they do not pass through probate the beneficiaries of the trust can receive anything in them far faster. If of course, you want them to receive things straight away. How and when a trust gets distributed depends on...
Regarding estate planning, trusts stand as powerful tools that offer individuals and families a way to safeguard their assets, streamline inheritance processes and oversee the seamless transfer of wealth from one generation to the next. Trusts, when structured and...
A trust is a legal document that puts assets in the protection of a trustee. The trustee is then responsible for seeing that the assets are distributed to beneficiaries as instructed by the grantor in their estate plan. Unlike a will, there are many kinds of trusts....
You have probably heard that a living trust offers many benefits. For example, the assets held in the trust typically do not need to pass through the Colorado probate process. Two other benefits include security for you and your loved ones and the flexibility to...
Are you worried about what your heirs are going to do with the money that you leave them? You’re not the only person who has expressed this concern. Adults often express this worry for a variety of reasons. For example, maybe you feel that your heirs are still young...
Two common ways of passing on assets to beneficiaries are through a will or a trust. While both options have advantages, a trust offers several unique benefits over a will. It is crucial to have such information when creating your estate plans to ensure you make the...