Using Joint Tenancy as an Estate Planning Technique – Some of the Hazards

Tuesday, March 29th, 2011

Many consider holding property as joint tenants with right of survivorship to be a good substitute for a Colorado estate plan that also avoids Colorado probate.  It is true that it can avoid probate in Colorado, but there can be some severe and adverse consequences if not thought out properly. Wrong Recipient: Mom, who is […]

5 Reasons to Have a Colorado Estate Plan

Monday, March 28th, 2011

Without a comprehensive Colorado estate plan, the state of Colorado will control the following – Without a Colorado Living Trust or Colorado Will, Colorado law controls who receives your assets and when; Without a Living Trust or Financial Power of Attorney (General Power of Attorney), a Colorado Conservatorship proceeding is required and the judge will determine who handles your […]

A Colorado Estate Planning Horror Story

Monday, March 28th, 2011

Really understanding your entire estate plan is crucial to enabling you to know your wishes will be followed in a seamless and cost-effective process upon your passing. An illustration of a poorly executed estate plan can be demonstrated by the recent story of Mary Robbins, a Colorado Springs resident.  Apparently in 2006, she entered into a contract with Alcor Live Extension […]

Colorado Guardianships and Colorado Conservatorships

Sunday, March 27th, 2011

In the February 21, 2010, Denver Post article “Who’s Protecting the Unprotected,” David Olinger reports truly sad but very real stories of what can happen when the courts cannot adequately oversee the affairs of an individual when a court has appointed a Guardian or Conservator to protect such person.  The Colorado courts appear to be grossly underfunded to […]

Colorado Living Trust

Friday, March 25th, 2011

A Colorado Living Trust (also known as a Colorado Revocable Living Trust or just a Colorado Trust) has become a growing alternative to the traditional Colorado Last Will and Testament (“Colorado Will”) as a way to pass property on when one dies due to its flexibility and tremendous benefits while one is both alive and […]

Colorado Will

Friday, March 25th, 2011

A Colorado Last Will and Testament (“Colorado Will”) is part of the estate plan that addresses three primary matters.  First, for assets titled in one’s name, it controls where those assets are to be transferred after one’s passing.  Second, it designates who will handle the administration of one’s estate.  In Colorado, that individual is referred […]

Colorado Power of Attorney

Friday, March 25th, 2011

A Colorado General Power of Attorney (also known as a Colorado Power of Attorney) is a legal document that enables an individual (referred to as the “Principal”) to appoint another person or an organization to act on one’s behalf to manage his or her financial affairs if the Principal is unavailable or unable to do […]

Colorado Medical Power of Attorney

Friday, March 25th, 2011

A Colorado Medical Power of Attorney (also known as a Colorado Health Care Power of Attorney) is a legal document that enables an individual (referred to as the “Principal”) to appoint another person or an organization to act on one’s behalf to manage his or her medical affairs if the Principal is unable to do […]

Colorado Living Will

Friday, March 25th, 2011

A Colorado Living Will is a legal document that allows one to state, unilaterally and in advance, whether he or she desires to forego artificial life support in the event he or she is in a terminal condition or in a persistent vegetative state.  Even if one decides to reject life sustaining treatment, medical professionals […]

How to Avoid Colorado Probate

Monday, March 14th, 2011