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Probate in Colorado – How Does it Work?

Probate in Colorado – How Does it Work?

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...
Myth: If I Pass Away Without a Will, the State Will Get My Assets

Myth: If I Pass Away Without a Will, the State Will Get My Assets

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...
Powers of Attorney are More Important Than You May Think

Powers of Attorney are More Important Than You May Think

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:...
Estate Planning Mistakes: Improper Ownership of Assets

Estate Planning Mistakes: Improper Ownership of Assets

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...
Estate Planning Mistake: Not Updating Plans Over Time

Estate Planning Mistake: Not Updating Plans Over Time

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...
Estate Planning Mistake: Not Planning for Disability and Long-Term Care

Estate Planning Mistake: Not Planning for Disability and Long-Term Care

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...
Myth: Estate Planning is Just for the Wealthy

Myth: Estate Planning is Just for the Wealthy

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...
Estate Planning Mistake: How to Protect a Disabled Beneficiary

Estate Planning Mistake: How to Protect a Disabled Beneficiary

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...
Yours, Mine, and Ours: Protecting the Blended Family

Yours, Mine, and Ours: Protecting the Blended Family

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...
Myth: I Don’t Need a Lawyer for My Estate Planning

Myth: I Don’t Need a Lawyer for My Estate Planning

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...
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Recent Posts

  • Probate in Colorado – How Does it Work?
  • Myth: If I Pass Away Without a Will, the State Will Get My Assets
  • Powers of Attorney are More Important Than You May Think
  • Estate Planning Mistakes: Improper Ownership of Assets
  • Estate Planning Mistake: Not Updating Plans Over Time

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