by Kelly Law Firm | Sep 21, 2022 | Blog, Estate Planning, Probate
When you are named “Personal Representative” or “Executor” you are in charge of running the show. The Personal Representative has four jobs: Locate the decedent’s assets Value those assets Pay any potential creditors Distribute the assets However, just because you are... 
by Kelly Law Firm | Sep 9, 2022 | Blog, Estate Planning, Probate, Properties
One of the most common ways for your estate to get pulled into probate in the United States is if you own any real property (land, house, or mineral interests). If you own properties in multiple states, then you could be subject to probate in each of those states.... 
by Kelly Law Firm | Aug 24, 2022 | Blog, Estate Planning, Inheritance Laws, Myth, Probate
In-State Resident and Probate Do you live outside of Colorado but are named as Personal Representative for a Colorado resident? No problem! Colorado does not require an in-state resident status. However, probate laws may differ from state to state and could end up... 
by Kelly Law Firm | Aug 11, 2022 | Blog, Estate Planning, Inheritance Laws
Occasionally, a beneficiary gets greedy and will try to get away with murder in order to inherit. Luckily, Colorado has an inheritance law, commonly known as the “Slayer Statute.” This law disinherits a beneficiary who is found guilty of murdering the decedent.... 
by Kelly Law Firm | Jul 18, 2022 | Blog, Estate Planning
If you get a divorce, in most states your ex-spouse is automatically disinherited from your Will. Setting up an estate plan while divorce is pending could help protect your assets and your future. What if You Die before the Divorce is Final?! In that case, your... 
by Kelly Law Firm | Jun 20, 2022 | Blog, Estate Planning, Myth
Truth: If you pass away without a Will, each state will apply its “laws of intestacy” to determine who will get what. Essentially, it is an Estate Plan that the State has created for you. In Colorado, if you pass away without a will, the order of...