Is a Guardian Responsible for Bills?

If you are named a legal guardian, you will be responsible for the well-being of another person (legally referred to as a ward). Whether the ward is a minor or an incapacitated adult who is incapable of handling their own affairs, caring for this individual can be costly. Think about the bills you incur each

Can You Sue a Conservator in Denver?

The short answer to this question is YES, but let’s delve a little deeper. A conservator is a person appointed by the court to manage the financial affairs and estate of an adult person that becomes incapacitated. A conservator can be appointed for a minor. Conservators are responsible for duties such as: Paying bills Managing

Who Gets a Copy of a Trust?

One of the reasons to create a trust instead of a will is to keep your estate private after you pass away. The information contained in a trust is not public record and does not move through the probate process (in contrast to a will). In fact, trusts aren’t recorded anywhere in the court system.

How Do You Dispute a Trust?

We’ve all watched movies where the wealthy family of their deceased patriarch gathers together in the library for the reading of a will or trust. Prepared to inherit millions, there is a feeling of excitement and entitlement in the air. As the lawyer begins the reading, “I, Biff Digby, being of sound mind and body,

What is the Purpose of a Trust Agreement?

A trust agreement is a document that allows you (the trustor) to legally transfer the ownership of specific assets to another person (trustee) to be held for the trustor’s beneficiaries. While this may seem odd, it’s done for a number of reasons: to promote wealth management, gain tax advantages (some trusts are not subject to

Law Lingo: Fiduciary Responsibility

Welcome to Law Lingo: a monthly blog series brought to you by Brown & Crona, LLC that explains estate planning terminologies in simple terms. This month we will explain fiduciary responsibility. If you are named a fiduciary, this means that you are responsible for managing the assets (money, property, legal matters, etc.) for someone else.

Who Should Have Trusts? 9 Situations to Consider.

Most people have assets that they want to remain protected while they are alive AND after they pass away. In many cases, a last will and testament is sufficient to plan for how you want your assets distributed after you are gone. However, some people might benefit from setting up a revocable or irrevocable trust

Can Guardianship be Contested?

Guardianship in Colorado is a legal appointment in which a specific person or family is chosen to care for a minor child (or adult child with disabilities) if you should become incapacitated or pass away. This is a great responsibility because the guardian is in charge of caring for the ward in virtually every physical,

What Does an Estate Planning Attorney Do?

Imagine working your entire life to amass a sizeable amount of personal property and money – only to see all of your possessions: Fought over by your loved ones Held up in a lengthy court process as legal fees chip away at the value Divvied up among distant relatives you’ve never met If you don’t

What Kind of Attorney Do I Need for Guardianship?

People often think of a guardian as being a person responsible for raising a child under age 18. While this is true, guardianship can also be arranged for adults who are unable to care for themselves – those with mental or physical disabilities, serious illnesses, etc. The appointment of a guardian is not something to