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Wills Archives

Do You Really Need a Will?

According to a 2017 survey, only 4 in 10 American adults have estate planning documents.Wills and estate planning are associated with old age, and it's all too easy for us to convince ourselves that we can put off estate planning for decades to come. Unfortunately, avoiding conversations about death doesn't actually ensure immortality, and none of us can know when estate planning documents might be necessary.

What Happens if You Die Without a Will in Colorado?

If you want to ensure you have a say as far as who is going to receive your assets after your passing, it is essential that you create a will. Otherwise, you relinquish control over your own belongings, and the duty of distributing them falls into the hands of the state.

Executor Choice and Inheritance Disputes

Many people in Colorado believe that they can keep their loved ones from fighting over their inheritances with estate plans. Unfortunately, death and inheritances often bring out the worse in some people. One common reason why some individuals fight over a loved one's estate is that they are not happy with the person who is in charge of managing it. 

3 ways having a baby can jump start your estate plan

Having a baby is a life changing event. Not only does this new addition convert a couple into a family unit, but the little bundle of joy may also impact how the couple views the world around them. If the financial impact of raising a family has not yet become a reality, this truth will become apparent after receiving the bill from the hospital for the labor and delivery process.

Why You Should Prepare a Will in Time

Drafting a will is widely considered to be a significant act that every property owner should implement during their lifetime. Saying Wills aren't important would be an understatement of the year, especially with the rising cases of property feuds. When you think of preparing a will, safeguarding the interests of each beneficiary primarily acts a guide in your decision-making. If you die, the will instrumentally directs how inheritance issues should be solved. After all, heirs are entitled to a legitimate use of inherited property.

Understanding Wills & Estate Planning

Formally known as a last will and testament, a will is an important component of planning any estate properly. A will is a legal document which serves to allocate a person's assets, finances, and property upon their death.

Grounds for Contesting Wills

If you feel a will written by your relative has been created through unfair means, you have the right to hire an attorney and protest the will in court. Under the family protection law, you can apply to family court or a high court asking for compensation if you have been left out of the will of the deceased when you are the husband, wife, civil partner, child, grandchild, dependant step child or parent in relation to the deceased. The court will examine your claims and then make a decision as to whether the deceased had an unfulfilled moral duty towards your maintenance or support.

Here's why you should have a will

Making a will is one of those things in life that's easy to put off. You either think you're too young to have a will or the very idea of thinking about your eventual death and its repercussions is too much to take. As hard as it might be, having a will is one of the most vital things you can do for your family and for yourself.

Some reasons why your will needs an update

Wills are an essential part of any estate plan. The will is a document that allows the grantor to pass on his or her earnings and assets over his or her lifetime to family members, loved ones and other beneficiaries. Without one, a person's estate goes through the traditional probate process as set by default rules and laws. This can lead to their last wishes not being fulfilled, or tax problems that could have been addressed otherwise.

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Law Offices of Karen Brady, P.C.
5400 Ward Road, Building 5-170
Arvada, CO 80002

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