Colorado Estate Planning Law Center

08/28/2024

Interesting article on the limits of living wills and Do Not Resuscitate Orders. The failure to consult with the health care agent is also an issue in some of these examples.

When her “do not resuscitate” order was ignored, Marie Cooper found herself in a painful situation she had hoped to avoid.

09/21/2023

Our office will be closed on Friday, September 22nd. We will re-open on Monday the 25th at 9 a.m.

03/13/2023

Neighbors, the sudden collapse of a California bank has a lot of people concerned about the FDIC insurance on their bank accounts. Since our firm does a lot of trusts, I wanted to share some information about how trust accounts can increase the amount of FDIC insurance.
It comes down to this, if you have a revocable living trust, the amount of insurance is calculated on the number of beneficiaries who receive the assets of the trust at your death. So an individual account in your name may have up to $250,000 of insurance. An account in the name of your revocable living trust where the trust has three people as beneficiaries can have $750,000 in FDIC insurance ($250,000 x 3). The maximum is $1,250,000 no matter how many beneficiaries there are.
This is a general tip and there are lots of specific requirements we aren't going into here. If you'd like to get a copy of our client information page on this topic, let us know.

10/28/2022

Friday's Fraud Warning! This Friday, we want to warn everyone about a scam that we see regularly. When you record a deed with the county clerk and recorder, scammers may send an official looking letter that tries to convince you that you need to pay them a fee to get a copy of your deed. This is not true.
First, you will usually get the recorded deed mailed back to you by the county.
Second, you don't really need a copy of your recorded deed. The deed is now part of the public record forever. If you ever need a copy, you can get it from the county for a lot less than these scammers charge.
The one exception is a beneficiary deed. Sometimes the county fails to make a "connection" between the beneficiary deed and a death certificate that is filed later when the owner dies. So keep a copy of the recorded beneficiary deed, or at least make a note of the recording number and date.
Now you can face Friday just a little bit smarter!

07/15/2021

There are strategies to ensure the money stays with the family.

It pays to establish protections early.

06/10/2021

Yet another example of where a trust is useful.

‘He wants to leave the house to his children, but says if I outlive him I can live in it or rent somewhere if I wish to move.’

05/17/2021

Investors should know what benefits could be waiting with the right building blocks.

Limited liability companies can provide some advantages.

05/05/2021

Our firm is growing! We are now Brady, McFarland, & Lord, LLC. Attorney Gabriel McFarland has joined our staff to expand our services with the same excellent quality you've come to expect. We've also added a location in Berthoud, CO! Check out our website for more information. We look forward to continuing to serve your estate planning needs. https://www.coloradoestateplanning.com/