In estate planning, probate, guardianship and conservatorship, Colorado courts and individuals appoint people to positions of responsibility, care taking and decision-making. Examples of fiduciaries are personal representatives, trustees, guardians, conservators,...
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Trustees
Questions to answer before finalizing a power of attorney
Financial powers of attorney allow another person (an agent) to transact business on your behalf, including withdrawing money from your banking account or selling property. While simple in concept, it can be easy to make mistakes when using standardized forms.A...
Duties and responsibilities of a trustee
Whether you are considering who to appoint as a trustee or you have recently accepted an appointment, you need to know what the role entails. The basics are to manage, preserve and administer assets on behalf of another person. In some cases, it may make sense to...
Disagreements between fiduciaries and family members
There are many different situations in which a Coloradan could end up having fiduciary duties in relation to a loved one or a loved one’s estate. This is because there are several different fiduciary roles individuals in the state are sometimes named for by a...
Decanting: Not just for fine wines in Colorado anymore
It can be a challenge to change an irrevocable trust. Decanting in the trust context allows a trustee to pour the assets of one trust into another under special circumstances. Our January 8, 2014 blog covered the basics of decanting. At the time, 21 states had...