When a person in Colorado creates a trust, this is an important step in a well-rounded estate plan. It is only one element of a complete plan, though. The Colorado Bar Association explains that another element people typically need to complement that trust is...
Why does an executor need copies of a death certificate?
A death certificate is the legal document certifying that an individual has died. Naturally, this document is an important one for confirming the death of a person so that the estate of the deceased can be dispersed to beneficiaries. Because a Broomfield estate...
Understanding the 3 types of probate in Colorado
Probate can be an expensive and time-consuming process, but it does not have to be. As a matter of fact, the majority of estates in Colorado go through an informal, administrative probate process. Three types of probate may take place in Colorado. The size of the...
Colorado’s Office of Public Guardianship may soon offer help
A situation that happens all too frequently in Colorado is one where an individual who is elderly, facing physical or mental disabilities or who is at the final stages of Alzheimer's disease is abandoned by their loved ones. A judge often appoints these "at-risk"...
There’s no such thing as being ‘too young’ to write a will
When you're in your late teens, early 20s or 30s, you tend to think that you have a lot of time to continue living. Your next day isn't guaranteed though. Unexpected illnesses, accidents and other catastrophic events happen. This is one of the reasons that many legal...
When should you update your Colorado will?
Many people put off drafting a will because they think that they're not old or wealthy enough to have one. Even when individuals do sit down and draft one, they soon thereafter put it in a safe place and forget about it. Few people take the time to revisit them....
Cleaning out your parent’s house
If death came suddenly, your parent may not have had time to purge and organize the house. On the other hand, if your parent had been ill for a long time, he or she may not have had the energy to sort through important documents or appraise valuable objects. As the...
Conservatorships aren’t permanent in Colorado
A conservator is someone who's appointed to manage an incapacitated person's property and finances. They're generally selected by a Colorado judge for this role after they present evidence that an individual's money is at risk of being wasted or lost. Once instituted,...
What are a Colorado personal representative’s responsibilities?
When an individual drafts a will, they generally also appoint an executor, now known as a personal representative in Colorado, to administer their estate. If they fail to do so, or the selected one doesn't or isn't able to perform their duties, then a judge will...
Estate problems may arise with multiple marriages
During the estate administration process, issues can crop up for a number of different reasons. In some cases, siblings simply can't get along. In others, they think the will is a fraud or that it doesn't accurately reflect what their parents would have wanted. There...