While a last will and testament is a useful legal document that allows you to dictate how your property and assets will be distributed after your death, there are several common problems with relying solely on a will to manage your estate. In this blog post, we'll discuss some of...
Silly Laws and Cases – “Ice Cream Cone Law”
Silly laws are not uncommon, and some of them have an interesting backstory. One such law that comes to mind is the "ice cream cone law" in Kentucky, which prohibits the consumption of ice cream in public places while standing on one foot. The law originated in 1913, when a...
What is Probate? – The Basics
Probate is a legal process that occurs after a person passes away, in which their assets are distributed to their heirs or beneficiaries. In Colorado, the probate process is regulated by the Colorado Probate Code. When a person passes away in Colorado, their estate may need to go through probate...
What is a Will? – The Basics
A last will and testament is a legal document that outlines how a person's property and assets will be distributed after they pass away. In Colorado, the law governs how a person can create a will and what it should include to be considered valid. In this blog post, we'll...
What is an Estate? – Common Nuances
When someone passes away, their assets and property become part of their estate. However, not all assets are subject to probate. Here are some common nuances of what assets become part of a person's probate estate: Assets held in joint tenancy: Assets that are held in joint tenancy with another...
What is an Estate? – The Basics
Probate estate refers to the assets and property of an individual that are subject to probate upon their death. When someone passes away, their assets and property become a part of their estate. The probate process is the legal process by which the decedent's assets are distributed and their debts...