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, 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...