by Kelly Law Firm | Jan 19, 2023 | Estate Planning, Living Will, Wills
In Colorado, individuals may execute a Living Will. A Living Will, also referred to as an Advanced Directive or a Declaration as to Medical or Surgical Treatment, is not a Will at all. Why You Need a Living Will for Important Medical Decisions A Living Will is an...
by Kelly Law Firm | Jan 16, 2023 | Blog, Estate Planning, Myth, Trusts
There are a lot of misconceptions about Trusts. I need to have millions of dollars to need a Trust. – False I need to own multiple properties to need a Trust. – False Having a Trust makes things way more complicated. – False Do You Need a Trust?...
by Kelly Law Firm | Jan 11, 2023 | Blog, Estate Planning
Like most plans, estate planning isn’t a “set it and forget it” matter. Simply having a plan isn’t enough! To avoid an estate planning mistake, your plans need to be updated after major life events – such as: marriage buying a home having...
by Kelly Law Firm | Dec 9, 2022 | Asset Liquidity, Estate Planning, Inheritance Laws, liability, Properties, Wills
Asset liquidity is important to have during life and especially after death. If your estate needs to be split among children, a surviving spouse, or other heirs, it needs to have the proper amount of liquidity. How to Secure Asset Liquidity Life insurance is an...
by Kelly Law Firm | Nov 22, 2022 | Estate Planning, Inheritance Laws, liability, Probate, Properties
When someone passes away, should you be paying the decedent’s medical bills, credit card bills, or any other types of bills? Not right away. If you pay someone else’s debt with your own money, you could open yourself up to liability to pay all of the estate’s debt....
by Kelly Law Firm | Nov 3, 2022 | Estate Planning, Wills
Wills are extremely important estate planning documents. You appoint a Personal Representative (executor) who has four jobs: locate your assets value those assets pay any potential creditors distribute your assets according to your Trust. Last Will and Testament A...
