Does Your Parents’ Debt Become Your Debt?

If your parents have made poor financial choices or have fallen on hard times, they may be accumulating debt without your knowledge. However, upon their death, you will quickly learn the full story of your parents’ finances – especially if creditors begin contacting you for payment. The fact is that any debt belonging to a

Inheriting a Hoarder House: Treasure Trove or Terrifying Task?

It is hard for most people to understand how a person could live surrounded by piles of boxes, clothing, electronics, animals, furniture, trash and other debris with blocked access to bathrooms, bedrooms and kitchens. According to the National Alliance on Mental Illness (NAMI) up to 5% of the world population displays clinical hoarding. In fact,

Protect Your Legacy: Know Estate Tax Laws in Your State

Estate planning in Denver not only includes deciding how your estate will be distributed upon your death; it is also important to know how the estate and/or inheritance taxes will affect your loved ones. Just like there are both federal and state income taxes, there are also federal and state estate taxes. Federal Estate Tax

Plan for the Future of Your Adult Child with Disabilities

If you are a parent of a disabled adult, you most likely excel at planning, scheduling and managing that person’s life (in addition to your own). The task of planning for your adult child’s future may seem like an insurmountable challenge. We realize it is very hard to think about planning for your adult child’s

How Does a Conservatorship Differ from a Guardianship?

Many people come to The Brown Law Firm, LLC, confused between adult conservatorships and guardianships. We’d like to help explain the difference: Guardianship: Individuals appointed to protect an incapacitated person’s (also referred to as a “ward”) well-being and personal care Conservatorship: Individuals appointed to protect an incapacitated person’s (also referred to as a “protected person”)

Protecting the Elderly from Financial Abuse

According to the National Adult Protective Services Association (NAPSA), “Financial exploitation occurs when a person misuses or takes the assets of a vulnerable adult for his/her own personal benefit. This frequently occurs without the explicit knowledge or consent of a senior or disabled adult, depriving him/her of vital financial resources for his/her personal needs.” Unfortunately,

Stepchildren and Estates

Divorce is never a good situation, but sometimes remarriage can also be riddled with sticky situations, especially when it comes to your estate and especially when children are involved. Often divorce decrees have life insurance stipulations for the minor children involved. For example, a parting couple might agree that the husband maintain a $200,000 life

7 Things to Avoid When Making a Will

Writing a will is an important and responsible action to take to protect your estate and care for your loved ones when you are gone. While it is not absolutely necessary to have a will drafted by a lawyer, hiring a professional can help you get it done right the first time – and with

Do All Wills Go Through Probate?

Even though it may seem like a bunch of “red tape,” some wills must go through probate in Colorado. Compared to other states, the probate/estate administration process in Colorado is a fairly economical and straightforward process.  A probate/estate administration attorney can help to ensure that your will is properly administered and that all of the