When people think of digital assets, they often think of digital photos and videos. While such things have sentimental value, other types of digital assets, such as cryptocurrency, social media accounts, or online business accounts, can have real, monetary value. Both...
A change in the name of a beneficiary under a will or trust does not affects their right to receive their inheritance. The document does not have to be updated, but it may be advisable to avoid confusion. 1. Identification of Beneficiaries Under Colorado law, the...
In short, you do not need to update your trust or power of attorney if a person changes their name. They will however need to provide proof of their name change. Therefore, as a practical matter the most efficient and prudent course is to update your documents. This...
To avoid probate of your vehicles, you should use the linked Motor Vehicle Beneficiary form. Even if you have a properly funded trust, this form is necessary to avoid probate if the combined value of your vehicles, including motorcycles, trailers, RVs, etc., exceeds...
Dealing with the loss of a loved one is never easy, and managing their estate can feel overwhelming. In some cases, however, probate may not be necessary. Probate is the legal process through which a deceased person’s assets are distributed, but if the...
