Probate Laws and Planning for the Future:
Most of us spend our lives planning for the future. We plan our vacations, plan for our retirement and even plan our weekends with ease. Yet the large majority of us fail to adequately plan for the future and write a will. Not having a will can be disastrous for your loved ones and force them into a messy and lengthy probate process after you are gone. A Colorado probate attorney can help you define your wishes, so that you can determine who gets your estate—-not Colorado laws.
Colorado probate attorneys can help you with a variety of probate planning issues, including:
- Estate planning
- Will and Testament writing
- Living Wills
- Trust planning
- Power of Attorneys
- Special Needs trusts
- Probate laws
Dealing with Probate Laws after the death of a loved one:
When someone you love passes away, you may find yourself in need of a qualified Colorado probate attorney who understands the intricacies of Colorado probate law. While you are left grieving the loss of your loved one, you may find yourself burdened with legal and financial questions. Who will handle the estate? How will your loved ones creditors be paid? Who will distribute the assets? When this situation arises, an experienced Colorado probate attorney will help guide you every step of the way.
When someone passes away, a probate attorney will need to perform a variety of complicated tasks to ensure that the entire estate is handled efficiently. After the estate is opened, a probate attorney will need to name a personal representative, notify creditors of your loved one’s passing, pay all debts and distribute the remaining estate, before finally closing the estate. Depending on the complexity of the estate and the assets involved, this may become especially difficult.
In Colorado, once a representative is named, creditors are then allowed to recover all debts. If you are named as the personal representative of the estate, you are responsible to pay all creditors. A Colorado probate attorney can help sort through this complicated legal matter and ensure that you don’t end up paying more than you need to.
Probate Laws and Litigation:
After the death of a loved one, emotional and financial concerns can become overwhelming. You may find yourself in a complicated legal battle over your loved one’s assets with creditors and other family members. When this occurs, you will need a skillful litigation attorney to defend your claims in court. A Colorado probate attorney may need to assist you with:
- Will contests
- Undue influence
- Incapacity claims
- Creditor and Trust disputes
- Fiduciary misconduct