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 | Jul 18, 2022 | Blog, Estate Planning
If you get a divorce, in most states your ex-spouse is automatically disinherited from your Will. Setting up an estate plan while divorce is pending could help protect your assets and your future. What if You Die before the Divorce is Final?! In that case, your... 
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 | 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,...