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Tag: Colorado

Why Everyone Needs a Will, Regardless of Assets or Beneficiaries

Why Everyone Needs a Will, Regardless of Assets or Beneficiaries

When it comes to estate planning, many people believe having a will is only necessary if they possess significant assets or property. The truth is however, creating a will holds importance regardless of the size of your estate. Even if you have no substantial assets, or have designated beneficiaries for your existing assets, having a will in place offers several crucial benefits. Below are reasons why everyone needs a will. Expressing Your Wishes A will serves as a legal document…

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Colorado FAMLI Program

Colorado FAMLI Program

FAMLI Program Rollout Attention small business owners in Colorado: the new Family and Medical Leave Insurance (FAMLI) program began on January 1, 2023. First payments are due by April 30th, 2023. FAMLI is a state-run program providing wage replacement benefits to employees who need to take time off work to care for their family. Benefits can be used for taking care of a new child, or looking after a family member who has a serious illness. Colorado FAMLI Program: How…

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Why the Probate Process is Necessary

Why the Probate Process is Necessary

Losing a loved one is never easy, and dealing with their estate can be overwhelming. If the deceased person however, owned real property or had assets valued at over $74,000 (as of 2023), opening up probate may be necessary. While probate can seem daunting, there are several reasons why it’s important to go through the process. Below are six compelling reasons why you should consider opening probate on behalf of a loved one who has passed away with significant assets….

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Real Property Transfers and Estate Planning

Real Property Transfers and Estate Planning

Real property transfers and estate planning go hand in hand, as transferring ownership of real estate is often a key part of the estate planning process. Whether you’re looking to transfer property to your children, donate it to a charitable organization, or use it to fund a trust, it’s important to understand the legal and financial considerations involved. Below are the different ways to transfer real property in the state of Colorado. Hopefully these tips will help you create a…

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Probating a Small Estate In Colorado

Probating a Small Estate In Colorado

Probating a small estate in Colorado is a straightforward process. Technically, it’s not even probate, since there’s no filing or appearing in court. The official process is known as Collection of Personal Property By Affidavit Pursuant To ยง 15-12-1201, C.R.S. And although it’s not an easy thing to say; the state of Colorado has made it an easy thing to do. If you are tasked with probating a small estate for a friend, family member, or loved one, then read…

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