What is Elder Law?

Elder law is a legal specialty focused on helping seniors and their caregivers make the best choices for their finances, care, and estate planning. As the eldest members of the Baby Boom begin to retire, and even the youngest have blown out fifty candles, the ranks of seniors in Colorado will continue to grow. It […]

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What Happens to a Colorado Estate Without Heirs?

It’s not uncommon for a Colorado resident to die, leaving behind heirs, but no estate to speak of. But what happens in the opposite circumstance—when a Colorado resident dies with assets, but no heirs to whom they can be distributed? The answer is found in Colorado Statutes section 15-12-914.

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Perpetual Trusts in Colorado

A trust is a means to set aside money or other assets for the benefit of one or more beneficiaries. The trust is managed by a trustee according to the terms of the trust document and state law. Trusts can reduce the tax burden on the creator of the trust and on beneficiaries, and are […]

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Estate Planning for Colorado Millennials

If you’re an adult in your twenties or thirties, chances are that the idea of estate planning hasn’t even been a blip on your radar screen. But estate planning isn’t just for people with families, or businesses, or significant assets—though if you have any of those things, an estate plan is a must. Estate planning […]

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Why Do I Need a Successor Trustee?

If you are a Colorado resident who wants to minimize the trouble and expense of transferring your assets when you die, you have probably considered establishing a living trust. A living trust is a document that places your assets in a trust for your benefit during your lifetime and provides for the transfer of those […]

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Estate Planning for Childless Individuals and Couples

When people think of estate planning, they often think about providing for children and grandchildren. Does that mean that childless Colorado individuals and couples don’t need an estate plan? Hardly. People without children need an estate plan as much as anyone else, but their needs are different in nature.

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Tax Issues with Colorado Estate Settlement

One of the most complicated areas of estate administration for Colorado personal representatives is the filing and payment of taxes. A decedent’s taxes can have a significant impact, not only on the estate, but on the personal representative (PR).

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How to Handle Disputes During Probate

Even in a Colorado probate proceeding that seems relatively straightforward, disputes can arise. Sometimes the disputes are strictly legal in nature, such as whether a decedent’s will is valid under Colorado law. Other times, conflicts arise over more nebulous issues, like whether the distribution of assets in a probate proceeding is “fair” or if there […]

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Charitable Estate Planning in Colorado

Most Colorado residents consider estate planning a means of providing for loved ones after their death, but it’s also an effective way of continuing to support causes in which you believe. With the assistance of an experienced and knowledgeable Colorado estate planning attorney, it is possible to provide for favorite charities, care for loved ones, […]

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We were very pleased with the level of expertise available at Davis Schilken. It enabled us to feel confident that we were presented all options. The process was efficient and allowed us to complete our estate planning effectively and efficiently. - W&L R.
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