Posts Tagged ‘colorado will’

Colorado Will – Requirement to Lodge with the Courts

Sunday, February 28th, 2010

Within ten (10) days of one’s passing, Colorado law requires the individual’s Colorado Will to be “lodged” in the District Court in the County the individual lived in at the time of his or her passing.  If the individual lived in Denver County, then the Colorado Will needs to be lodged in the Denver County Probate Court.

What Is Estate Planning?

Sunday, February 21st, 2010

Many people think of estate planning as consisting of just a Will and who gets their assets.  Actually, it ought to include much more than just a Will.  A comprehensive estate plan involves planning for one’s incapacity through the use of a financial and medical power of attorney, planning that takes care of one’s minor children by designating guardians and conservator’s in one’s Will and planning for the transfer of one’s assets.  A Revocable Living Trust can also be very beneficial for most people to avoid probate, prevent the need for a conservatorship proceeding for themselves or their children, limit or eliminate estate taxes in their own estates as well as their heirs’ estates and provide asset protection to one’s heirs.  Accordingly, a Colorado Living Trust should be a part of most everyone’s Colorado estate planning.

With Coloradoetrust, every one of our estate plans includes the following documents:

  1. Colorado Will:
  2. Colorado General or Financial Power of Attorney;
  3. Colorado Medical Power of Attorney;
  4. Colorado Living Will;
  5. Burial Instructions; and
  6. Organ Donation Authorization.

We also offer two Colorado Revocable Living Trust packages that include each of these documents, plus a Revocable Living Trust.

5 Reasons for Colorado Estate Planning

Tuesday, February 9th, 2010

Without a comprehensive Colorado estate plan, the state of Colorado will control the following –

  1. Without a Colorado Living Trust or Colorado Will, Colorado law controls who receives your assets and when;
  2. Without a Living Trust or Financial Power of Attorney (General Power of Attorney), Colorado law will determine who handles your financial affairs when you are unable to do so;
  3. Without a Medical Power of Attorney or Living Will, a court may have to appoint a Guardian to make your medical or end of life decisions for you;
  4. Without a Will, Colorado law will determine who takes care of your minor or dependent children;
  5. Without trust provisions as part of your estate plan, your assets will be included in your heirs estates and potentially subject to an estate tax;

One bonus…without a properly drafted Colorado Trust as part of your estate plan, the assets your heirs receive will likely be subject to their creditor claims. 

Welcome to Coloradoetrust

Monday, February 8th, 2010

Welcome to our website which is all about Colorado Estate Planning.  We seek to provide information about the different estate planning documents like a Colorado Living Trust, Colorado Will, Colorado General Power of Attorney, Colorado Medical Power of Attorney and a Colorado Living Will.  We believe everybody should have an estate plan.  Further, we believe everybody could benefit from having one of our Colorado estate planning packages.  Please do not hesitate contacting us should you have a question about how we can help you achieve your estate planning goals.