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 | 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...
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...
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....