According to Merriam-Webster, the definition of litigate is “to seek resolution of a legal contest by judicial process, rather than settle.” Litigators help individuals, groups or businesses take legal action against someone else in a civil dispute. A litigator can also represent you if a legal suit is brought against you. In estate planning, litigation…
In estate administration, an administrator will have the same duties as an executor. Why do they have different names? The difference lies in the way the person is assigned. A special administrator is a person chosen by the probate courts to perform the duties of estate management and distribution of assets after a person passes…
When you write your will, you can name a specific person to carry out the wishes you have outlined in that legal document. This person is called the executor. If you do not name someone in your will, the probate courts will name an executor or special administrator to handle the administration of your estate. …
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 an estate lawyer. Estate attorneys help people navigate the intricacies of law in the areas of: Estate planning (wills, trusts, powers of attorney, living will, etc.)…
An estate planning lawyer can help you navigate the intricacies of the law in regard to protecting your possessions, providing for your family and helping your family make difficult decisions on your behalf while you are alive and after you pass away. The attorneys at Brown & Crona, LLC have over 50 years of combined…
In 1973, Colorado approved and enacted the Uniform Probate Code (UPC) to simplify and streamline the probate process and move toward standardizing laws surrounding wills, trusts and intestate cases (people who pass away without a will or trust). Colorado is just one of 19 states that has adopted the UPC. The UPC includes information surrounding…
Your estate comprises everything you own. It is your net worth, which includes: Homes/cars/boats/land Personal property (jewelry, tools, furniture, etc.) Bank accounts Businesses Retirement accounts Life insurance policies Debts (credit cards, mortgages, student loans, etc.) Whether you have an enormous estate with millions of dollars in assets or a simple estate, someone will inherit what…
A conservatorship is a court-appointed person who is chosen to manage the finances of an adult who has become incapable of doing it for themselves. This may be needed if a person suffers from mental illness or dementia, becomes seriously injured or incapacitated, etc., and cannot make sound legal, medical or financial decisions on their…
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 a litigator. A litigator handles the entire process of suing or defending a person, group or company in civil disputes. The litigation process may or may…
If you are the breadwinner of your family and have amassed a large fortune over your lifetime, it is a no-brainer that you need an estate plan. However, there is no absolute age threshold or financial minimum that must be met before you can start making plans to protect your future. There are many reasons…
