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A Self-Proving Will Makes Probate a Whole Lot Easier

A Self-Proving Will Makes Probate a Whole Lot Easier

Quite often people die without leaving a will, which creates stress and added expense for an estate. Having a self-proving will in your estate plan could save your estate time and money during the probate process. Three Ways to Probate There are three ways to probate an estate in Colorado, by affidavit, formally, and informally.  The easiest way to probate an estate is by affidavit. This occurs when the court issues an affidavit to the personal representative, also known as…

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Registering a Trademark in Plain English

Registering a Trademark in Plain English

Registering a trademark will add value to your company, and give your business certain intellectual property rights. Below is an outline of the trademark registration process. 1) Research First, thoroughly search on the United States Patent and Trademark Office website (USPTO), to find out whether or not there is an existing trademark or a pending registration which is similar to yours. This includes searching for variations of the words, or related words, or trademarks.  If it appears that your potential…

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Estate Plan Review Guide

Estate Plan Review Guide

As one year ends and another begins, I recommend reviewing your estate plan. Especially if it’s been a few years since you’ve looked at your plan or had it updated. Your estate plan should meet your goals in regards to distributing your assets, and appointing agents, representatives, and trustees to control your affairs if you should become incapacitated or die. An estate plan should be simple to administer, keep assets out of probate, provide for minor children and family, as…

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Business Mistakes To Avoid (infographic)

Business Mistakes To Avoid (infographic)

Quite often during the start-up or day to day operation of a business, owners and managers are too busy, trying to generate new business, earn income or keep their customers and clients happy. Many times, during the course of growing and maintaining a business legal matters are overlooked.  Below is an infographic containing some of the more common business legal mistakes. These include, choice of entity, a formal agreement, an exit strategy, employee guidelines, intellectual property, outside investors, paying taxes,…

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You Can’t Take It With You; Why Gifting Makes Sense

You Can’t Take It With You; Why Gifting Makes Sense

Gifting is a common estate planning strategy that gives  a portion of assets to loved ones and charitable organizations. Gifting not only expresses love and affection for family and friends, but gifts serve other purposes as well. Gifts allow family members the opportunity to participate in the management of a family business, pay for medical costs, and college tuition. Additionally, gifts will reduce the size of the estate, and simplify the probate process. Lifetime or inter vivos gifts should be…

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