by Nicole D'Arpa | Jul 5, 2022 | Estate Planning, Probate
Probate is the court process that happens when someone has passed away. Each state has different requirements, so it’s important to consider the laws for probate in Colorado. Understanding Probate in Colorado In Colorado, your estate gets pulled into probate if... 
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 Nicole D'Arpa | Jun 10, 2022 | Uncategorized
I am sure most of you have heard about the #freebritney movement, and how it has officially come to a close but if you have not, it’s definitely worth a read to understand how important powers of attorney are:... 
by Kelly Law Firm | May 12, 2022 | Blog, Estate Planning
End-of-life planning can expose oversights surrounding ownership of assets. Owning property jointly with your spouse can create creditor protections and efficiencies when the property is transferred upon the first spouse’s death. Additionally, while it may seem... 
by Kelly Law Firm | May 12, 2022 | 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 | May 1, 2022 | Blog, Estate Planning
Seventy percent (70%) of people age 65 will need to plan for disability and long-term care before the end of their life. A private room in a nursing home costs more than $100,000 a year! And a home health aide costs more than $50,000 a year. You can use Genworth to... 
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 | Apr 10, 2022 | Blog, Estate Planning
Do you or a loved one have a child receiving Medicaid, Social Security, or any other form of government assistance? If so, a disabled beneficiary is at risk of becoming disqualified to receive benefits after they receive an inheritance! Don’t Worry Though, You... 
by Kelly Law Firm | Mar 28, 2022 | Blog, Estate Planning
Do you and your spouse have children from previous relationships (AKA a blended family)? If you and your spouse do not have an Estate Plan, your children may be disinherited from receiving your assets! The State Has a Plan For You . . . but it Might Not be Best for... 
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...