In the last article, we discussed how Colorado Wills can
waive the Personal Representative’s requirement to obtain a bond before settling a decedent’s
estate. In this article we will look at the requirement for the PR to create an inventory of estate assets. Pursu...
When a person passes away in Colorado, someone has to
manage the decedent's financial affairs and if necessary, petition the courts
to probate their estate. That person is called a personal
representative (when the decedent dies with a
valid Last Will and Testament) or an Administrator (when the decedent dies
without a valid Will). ...
In the last 2 articles we discussed waiver of the Executor’s
bond in properly drafted Colorado Wills. In this article
we will be answering the question- what is an estate accounting? More
specifically, we will look at the estate Personal Representatives’s requirement to file a final
estate accounting with the probate court. By de...
In Denver, Colorado, wills creation to protect your family and your loved ones does not
have to be an expensive or time-consuming process. A
Last Will and Testament is an important legal document that is the first
building block to any good estate plan. A wil...
Every parent wants to make sure their children are provided
for in the event something happens to them while the children are still minors.
Grandparents, aunts, uncles and other relatives often want to leave some of their
assets to young children, too. But good...
Considering
the terms Living Will and Last Will and Testament are so similar, there is
often confusion regarding the legal definition of the terms. However, any
person looking to create a Colorado Will should understand the distinction
between the two. Letâ...
We have all heard the horror stories of estates that took
years to settle and cost tens of thousands of dollars in administrative fees
and attorneys fees when CO wills are admitted to probate upon death. In
contested estates, litigation can certainly be costly and very time consuming.
...
When talking about preparing CO Wills, many people say “I don’t want the state to get everythingâ€. Is this
possible? Yes. However, this doesn’t often happen. When a person dies without a
Will, it is called dying intestate. There...
As a Colorado Online Wills Attorney, I often hear that
statistics show over 70% of American’s do not have a Last Will and Testament.
Most people know that they need a will or at least they have heard somewhere
that it is a good idea, but they don’t take active steps to find out why it’s
so important. I bel...
It is often said that we all have a will. We either choose
to create one or the Colorado laws of intestate succession apply to our
estate. Intestate succession is the
statutory method of distributing an estate's assets that are not disposed of by
a will....