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Asset Liquidity: A Critical Step in Your Estate Planning

Asset Liquidity: A Critical Step in Your Estate Planning

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...
Liability and Assets–Probate

Liability and Assets–Probate

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....
Intestate vs. Testate: Understanding Your Probate Needs

Intestate vs. Testate: Understanding Your Probate Needs

by Kelly Law Firm | Oct 22, 2022 | Blog, Estate Planning, Inheritance Laws, Probate

Intestate: When someone passes away without a Will. Testate: When someone passes away with a Will. What Kind of Probate Will You Need… Intestate or Testate? Passing away with or without a will may determine what kind of probate you may need. There is informal...
Myth: No Need to Revisit Estate or Beneficiary Plans

Myth: No Need to Revisit Estate or Beneficiary Plans

by Kelly Law Firm | Oct 11, 2022 | Blog, Estate Planning, Inheritance Laws, Myth

Just like other types of planning, estate planning and beneficiary designation is never a “once and done” proposition. Your life, preferences, and goals evolve over time and may be impacted by outside influences – such as the financial markets, tax...
Probate – Out of State Representative

Probate – Out of State Representative

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...
Inheritance Law: The Slayer Statute

Inheritance Law: The Slayer Statute

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....

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  • Estate Planning Mistake: Not Updating Plans Over Time
  • Take Control of Your Estate Plan and Who Inherits the Assets
  • Asset Liquidity: A Critical Step in Your Estate Planning

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