What Does It Mean to Fund a Living Trust in Colorado?

Living trusts have become increasingly common in recent years as estate planning clients in Colorado and throughout the United States have come to realize their benefits. A primary advantage of a living trust is that it allows assets that otherwise would have gone through probate to pass outside the probate process.

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Preparing Your Kids for Their Inheritance

We often talk about estate planning as a means for the people to have peace of mind about protecting and transferring their assets for their families. Less frequently discussed is the peace of mind of the people receiving the wealth, often the adult children of the person making the estate plan.

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Compensation for Personal Representatives of Colorado Estates

Most people, when appointed to serve as the personal representative of a Colorado probate estate, focus primarily on their obligations, and not on the prospect of compensation. The work of a personal representative is important, and may be burdensome, so it’s entirely fitting that a personal representative be compensated.

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Colorado Estate Planning for Young Parents and Families

The years during which you begin a family, and your family grows, are both marvelous and hectic. For the first time, you are completely responsible for the well-being of someone who is utterly dependent on you. There’s so much to do, and so much to teach your little ones, and it’s all-absorbing; it’s hard to […]

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Surviving Spouse Rights in Colorado

The loss of a spouse is a devastating life event in its own right, but the loss can be compounded when there is confusion about a surviving spouse’s rights to the deceased spouse’s estate. Colorado has taken measures to protect the financial well-being of a surviving spouse, regardless of whether or not the decedent left […]

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What is an Ethical Will?

When people are asked why estate planning is important, they frequently say it’s because estate planning allows them to pass on the wealth they’ve worked hard for to those they love most. This is a perfectly reasonable answer, but not all the things we value and pass on are tangible. Many people would say that the most […]

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Avoiding Conflicts Between Beneficiaries and Trustees

People set up trusts in order to protect assets and conserve them for beneficiaries. This protection is achieved by appointing a trustee to manage, invest, and distribute trust property. In an ideal world, the trustee acts wisely and in the beneficiaries’ best interests, and the beneficiaries are grateful for the trustee’s services and make only reasonable requests […]

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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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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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