When someone starts or owns a business, they often think about how to keep it running in the future, especially if they retire or pass away. This process of planning who will take over and how is called business succession planning. Now, when the owner of a business dies, there’s a legal step called probate […]
The Advanced Health Directive Form is a written instruction that contains information about what you want in terms of health treatment in case you lose the capacity to make your own decisions. Despite how important this document is, very few adults in Colorado have an official plan in place for end-of-life care. It is best […]
When it comes to estate planning and the distribution of assets after a person’s passing, understanding the difference between probate assets and non-probate assets is essential. In the state of Colorado, like in many other states, this differentiation plays a significant role in how a person’s estate is settled. In this article, we will delve […]
Dealing with the probate process in Colorado can be a complex and emotionally challenging experience. When a loved one passes away, the legal procedures and formalities associated with the distribution of their assets and estate can seem like a perplexing puzzle. The grieving process is already difficult, and the added burden of navigating the probate […]
Losing a spouse is a life-changing event that can be overwhelming. In the midst of grief, it can be difficult to think about anything else, let alone the legal processes that need to be followed. After someone’s passing, the probate process is initiated to settle the deceased individual’s estate. Within this, the surviving spouses are […]
Probate is often considered a necessary evil when it comes to estate planning. When someone passes away, they leave behind their assets and debts. Unfortunately, this process isn’t easy. Probate is already quite complex due to its inherent nature, and it can become even more complicated when disputes arise. Addressing probate-related conflict will often require […]
With how easy it is to stay connected with the rest of the world, it’s no longer uncommon for people’s finances to span international borders. People can invest in all sorts of assets from foreign real estate to offshore investments. However, as great as it is to hold these assets, it becomes a problem when […]
The loss of a loved one is a challenging and emotional time, and the process of settling their estate can be overwhelming. In Nevada, the legal process of administering a deceased individual’s estate is called probate. Probate courts play a vital role in overseeing this process to ensure the deceased’s assets are distributed correctly and creditors […]
Probate is the legal process that involves reviewing and administrating a deceased person’s will or estate. Typically, there is an executor named in the will, or an administrator is appointed without a will. The probate process distributes the assets among the beneficiaries. Probate is a lengthy, complicated, and expensive process in Nevada. It ties up […]
A will is a legal document that records how your property and other valuable assets should be allocated once you pass away. It includes all other wishes that you might have regarding your real estate. Probate, on the other hand, is a legal process that allows an individual or group of people the authority to […]
After someone dies, the court supervises the transfer of their assets and the settlement of their debts and taxes during a process known as probate. Due to the length and cost of this process in Nevada, many people opt for Trusts or other alternatives to avoid it. In this article, we will provide a brief […]
The demise of a loved one can be a tragic and stressful experience for family members. However, they have to go through the process of asset transfer to the rightful heirs who stand to inherit. Unfortunately, the transfer process can often become unnecessarily complex due to conflicts, delays, or other issues. As a result, many […]
Estate planning law is among the most complex and diverse legal practices. Today, you can find three types of attorneys specializing in different estate matters – probate lawyers, trust lawyers, and estate lawyers. While each type of lawyer can help navigate the inheritance and asset distribution process, you must choose the right one for your […]
Most individuals believe the attorney and will executor have the same job. However, an attorney and a will executor are two different roles often involved in the probate process. However, they have distinct responsibilities and functions. An attorney is a licensed legal professional who provides legal advice and representation to clients. In the probate context, […]
Probate is the legal process by which a court oversees the distribution of a deceased person’s assets to their heirs or beneficiaries. In Nevada, probate is governed by the Nevada Revised Statutes (NRS) and is typically required when a person dies with assets held in their name rather than in a trust or other non-probate […]
Probate is a legal process that authenticates the deceased person’s will (if they have one) and approves the named executor to carry on with the distribution. During this process, the individual’s assets are located, inventoried, and assessed for their value. The court ensures all debts and taxes are paid before distributing the estate. However, if a […]
You’re not alone if you’re uncertain or unaccustomed to Trusts as a component of estate planning. Some people require Trust, while others do not. The probate procedure is another. What effect does Trust have on the probate procedure? To avoid the probate procedure, should you have Trust? In this article, we help you determine if […]
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