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Executors & Fiduciaries Archives

The role of a power of attorney in your estate planning toolbox

At Chayet & Danzo, LLC, we sit down with Colorado clients to learn about their concerns and goals for financial security during their lives and the financial protection of their loved ones now and into the future. Under Colorado law, many estate planning tools exist to help our clients meet those goals. Today we will talk about one of them: the financial power of attorney

The role of the guardian ad litem in Colorado court proceedings

At our Colorado law firm, our attorneys act when appointed by courts throughout the state as guardians ad litem in court proceedings involving vulnerable individuals like children, people with intellectual disabilities and incapacitated persons of any age, including elders. The job of the GAL is to investigate how the proceeding impacts the vulnerable person and advocate for his or her best interests before the court. 

Part 1: What is the role of a Colorado personal representative?

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. 

Elder Abuse: How many are affected and who are the abusers?

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?

Siblings and inheritance: 3 points about preventing disputes

With every day that passes, adult siblings who grew up together get farther away from their common upbringing. Over time, many relationships become frayed - and often break down altogether after a parent's death gives rise to an inheritance dispute.

What would Prince have wanted? And who gets to decide?

In his Super Bowl halftime performance, Justin Timberlake paid tribute to Minnesota native Prince. And a producer who handled the visuals said that Timberlake decided that the “only person who could do Prince justice [was] Prince.” So the performance included video footage projected onto a purple screen from a 1984 Syracuse concert and the movie “Purple Rain.”

Considerations in choosing a Colorado fiduciary

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, persons with powers of attorney, and health care agents. 

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.

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