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If you think that estate planning is something that only older people need to do, then you have fallen victim to one of the more common misconceptions. Anyone can benefit from an estate plan no matter how old you are as long as you are old enough to sign a legally binding document. Here are some estate planning tips that can specifically help millennials. Even You Need Estate Planning If you have assets, legal issues…
When sitting down with a lawyer, you want to know how they can help you before you agree to pay the. Your Denver probate attorney should not only provide you with value for the money that you are paying, but they should also help ensure that your case goes as smoothly as it possibly can. It is ok to ask the lawyer a battery of questions before you retain them because, after all, probate involved…
We often hear of the importance of estate planning. Of course, the first thing that comes to mind when hearing that term is the will that divides property. However, there is much more to estate planning that can pave the way to having some order even as you begin to age. Working with an estate planning attorney can help you decide upon and articulate your plans for these things. The attorney can then help…
What Is a Probate Attorney? A Denver probate attorney is any licensed lawyer who is able to advise an executor or the beneficiaries of the estate on how to get the estate through the probate process. Probate is a process where the will must be proven as valid in the courts and the property is then divided amongst the beneficiaries after creditors are paid. Estates will generally go through probate unless the decedent has taken…
Oftentimes, when people are considering whether to file a lawsuit, they must consider what the possible financial compensation could be if they are successful. Winning a judgment and collecting on a judgment are two entirely different things. One can prevail in a lawsuit and wait years to see only a fraction of the judgment amount if they see anything at all. This scenario may make some people think twice about whether to pursue a matter…
Most families undoubtedly have a loved one who is aging that needs care and other extra attention. There are a variety of issues that arise as one ages that include financial, care and other estate-related decisions. These fall under the broad rubric of elder law. Stated broadly, elder law involves any legal issues that affect a senior.  These issues can be those that directly impact the senior or their family. Below, we will explain…
In today’s litigious society, effective asset protection is a must if you do not want your hard-earned assets to be taken from you in litigation. One of the most comprehensive asset protection strategies involves establishing a trust for the assets to shield them from litigation or creditors. Of course, these vehicles need to be set up before the litigation in order to be effective. Assuming they are, they can make it nearly impossible for creditors…
When it comes to planning for the worst, families with children have more to worry about than just assets. They will need to make the proverbial arrangements for who will look after the children if both parents perish. This often involves difficult issues that relate to a topic that nobody wants to address. However, these plans must be made no matter what. Here are some considerations that families with children should think of when planning…
Revocable trusts are a commonly used estate planning tool. The trust will be created by someone known as a “grantor.” This is the person who places assets into the trust and is the beneficiary of the trust. When the grantor dies, the trust does not automatically go away. There are steps that need to be followed in order to close the trust after the grantor dies. Until all of the closing steps have been completed,…
A major problem that people face is how to protect their assets from creditors who may seek to seize them. While an obvious answer would be to transfer assets, this can be defeated if the transfer is fraudulent in any way. In addition, this would mean that one will lose the ability to make decisions about their assets. One way to protect assets from creditors is to establish a Bridge Trust. This allows someone…