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...
Mild winters and year-round accessibility to parts and trails throughout the Rocky Mountains are some of the reasons listed by CNN in its ranking of best states to retire. In addition, Bankrate finds that Colorado residents are some of the happiest with great access...
At our law firm, we help our clients with many aspects of elder law, including legal matters related to preventing or responding to the abuse of elderly loved ones. We recently discussed the financial exploitation of Colorado elders, including the Colorado law that...
After recently writing about the duties of a fiduciary, we wanted to follow up with a post on available remedies if there is a breach.Those who serve as a trustee, personal representative for an estate or attorney-in-fact to manage financial affairs are in a position...
A sheepish admission from a grandmother that she had been swindled of her savings launched a Washington state stay-at-home mother into action and advocacy.First, she had to get prosecutors to investigate the case and pursue criminal charges. Advocacy and lobbying for...
Few people fully understand fiduciary duties in the context of trusts, estates, guardianships, conservatorships and similar matters. This is because they generally do not have to handle these duties on a daily basis.As we discussed in our December blog post, a...
A New York Times book review had an especially personal tone. The reviewer is living with an advanced cancer diagnosis and grappling with care decisions. The book “Extreme Measures: Finding a Better Path to the End of Life” raises some important...
Probate in Colorado is required to transfer assets to heirs if an estate contains more than $50,000 of personal property or real property (for example, a home in Cherry Creek or a condo in Steamboat). This low threshold means your estate may be destined for probate if...
Individual charitable gifts play an important role for most nonprofit organizations. Luckily people in Colorado are generous. In a 2014 study conducted by the Colorado Nonprofit Association 80 percent reported giving to a charity within the previous year. Planned...
After the loss of a loved one, a will is normally submitted to the state court for probate. Usually, the court administers the estate without much debate. The court reviews the validity of the will. Then estate assets are inventoried, liabilities paid and what remains...
