Empowering Heirs: Colorado Revised Statute 15-12-912 and Changing Gifting Instructions

In the realm of estate planning and inheritance, the Colorado Revised Statute 15-12-912 stands as a powerful tool for heirs seeking to adapt their loved one's final wishes to changing circumstances. This statute grants heirs the ability to alter a decedent's gifting instructions through a written agreement, ensuring flexibility in...

Estate Plan Basics – Fundamental Components of an Estate Plan

Creating an estate plan might not be at the top of your to-do list, but it's a critical step to ensure your assets are distributed according to your wishes and your loved ones are taken care of in the event of your passing. An estate plan is not just for...

Navigating Will Challenges – Undue Influence

The loss of a loved one is undoubtedly a challenging time, and dealing with the distribution of their estate can further complicate matters. In some cases, concerns may arise regarding the validity of a will due to allegations of undue influence. Undue influence refers to situations where an individual exerts...

Navigating Will Challenges – The Basics

Inheritance matters are often intricate, encompassing emotions, relationships, and occasionally, legal conflicts. While a last will and testament aim to ensure smooth asset distribution after one's passing, there are instances where individuals may question the validity or fairness of a will under Colorado law. In this blog post, we delve...

What is a Personal Property Memorandum? – The Basics

Estate planning is a crucial step in securing the future and ensuring the smooth transfer of assets to loved ones after our passing. While we often focus on major assets like real estate, investments, and financial accounts, it's equally important to address the distribution of our tangible personal belongings. To...

What is a Pourover Will? – The Basics

A pourover will is a legal document that works in conjunction with a revocable living trust to ensure that any assets not already in the trust are transferred into it upon the death of the grantor. In this post we will explore the basics of pourover wills. How a Pourover...

What is a Will? – Common Issues and Limitations

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...

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...