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COVID-19 NOTICE:

After careful review of the COVID-19 environment the law firm of Chayet & Danzo, LLC, will not be conducting in-person appointments in our offices until May 26th, 2020.

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 through Thursday and 8:00 a.m. to 4:00 p.m. on Fridays. We will also respond to e-mails as soon as we can.

This decision is in the best interest and health of our team, clients, and community.

We will be 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

Estate Administration & Probate Archives

Be sure beneficiaries are correct for assets that transfer on death

Your estate plan may use a variety of documents like a will or trust to transfer property to others or for the benefit of others during your life or at death. One way that assets can transfer is through a beneficiary designation on particular kinds of accounts or instruments that pay out to your beneficiary upon your death. These assets are called pay-on-death or transfer-on-death accounts.

Consider a will, the basic building block of estate planning, part 3

A will is probably the part of an estate plan with which Coloradans are most familiar. Today we will talk about how a will can help with the orderly winding down of your affairs after your death in the way that you direct.

Gray divorce and estate planning: 3 considerations

The divorce rate amongst those over the age of 50 is on the rise. This poses a unique set of issues, including the impact of the divorce on estate planning. Three specific ways divorce can impact estate planning considerations in these situations include:

What happens if you die without a clear estate plan?

Putting together an estate plan can help to reduce the risk of conflict when it comes time to manage a loved one’s estate. The creator’s plan can provide loved ones with guidance on the distribution of the assets within the estate.

Revisit named beneficiaries on accounts payable upon your death

Part of a comprehensive estate plan is coordinating your account beneficiary designations with your will, trusts, gifting and other estate planning techniques. In other words, when you do your 2020 estate plan checkup, you and your attorney should sit down and look comprehensively at the wider picture of your wealth that includes life insurance, annuity and retirement account beneficiaries that you have designated.

Holidays and a new year: Time to think about estate plans

Creating safety nets and directing your affairs after death are not always top of list. But in this season of togetherness with family and evaluating who and what is important in your life, estate planning really is a logical focus. If you have avoided futures planning, the new year can be a time to direct attention to your long-term affairs and consult an attorney about your estate planning needs

What is a Colorado spouse’s elective share?

Colorado law provides that when a surviving spouse is disinherited by or receives little under the terms of their deceased spouse’s will, the survivor has the right to take an elective share of the estate instead of what the will provides. Basically, and from a public policy standpoint, the spouse’s elective share is a legal vehicle to provide support for a spouse whose deceased spouse left them little or nothing.

Colorado court analyzes omitted spouse share statute

Colorado probate law provides a legal remedy for a surviving spouse when the other spouse dies with a will executed before the marriage that does not provide for the surviving spouse. In May, the Colorado Court of Appeals decided that a surviving spouse was not eligible to take an omitted spouse share of her deceased husband’s estate because he had named her the beneficiary of $4 million in life insurance proceeds and $410,806 in retirement benefits. They also had owned $52,000 in money accounts jointly.

Comprehensive organizational skills a big plus for testators

Many people have heard of the recent phenomenon of “döstädning” — Swedish death cleaning. The idea is that a person should sort through and pare down their possessions in anticipation of death so that family will not have to do it.

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