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 | 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... 
by Kelly Law Firm | Apr 27, 2022 | Blog, Estate Planning, Myth
“I don’t have enough assets to need an Estate Plan.” This estate planning myth comes from the focus of so many attorneys and financial advisers on estate tax, which may not be an issue unless your estate surpasses $12.06 million, a problem many of us... 
by Kelly Law Firm | Mar 18, 2022 | Blog, Estate Planning, Myth
Truth: While template estate planning documents you download from the internet or handwrite may cover most common situations, you may have a complicated issue that warrants legal advice that you’re not even aware of. Sometimes an internet or handwritten plan is... 
by Kelly Law Firm | Oct 22, 2021 | Estate Planning, Myth
Truth: Legacy and incapacity planning are two areas of estate planning that encompass far more than managing your assets during or after your lifetime. Just like your goals, your legacy is unique to you and your family. While an estate plan addresses who will inherit...