Archived
Husband didn't leave a will. He left a cottage in Maine. Do I need to file administrator in both states; we lived in Mass.
Bernard's answer
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Answered on August 14, 2012
The answer is yes, estate administration will be required in both states since there is real estate. You should start by consulting with an...
Archived
I live in colorado and married--when i die does my life insurance go to my designated benficiary 100% or does the wife get 50%
Bernard's answer
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Answered on August 14, 2012
In Colorado, the surviving spouse may elect to take their statutory share of what is known as the "augmented estate". This concept is complex...
Archived
In Colorado what accounting does a court appointed Trustee provide parent of a minor child ?
Bernard's answer
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Answered on July 31, 2012
In Colorado, an accounting is required to be provided by the trustee at least annually. The accounting should show a beginning balance for the...
Archived
Dad & his 2 sibs are deceased. their parents left them 20 acres. 1 sib had 1 child, 1 had 4, dad had 10. how to split ownership?
Bernard's answer
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Answered on June 05, 2012
The first step is examine your Father's Will to see if this is covered. If not, then the Colorado law on intestacy would operate. This will also...
Archived
Does the personal Representative have to show a itemized list of everything that was in the house and how much they sold for
Bernard's answer
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Answered on June 05, 2012
The PR must provide you with an Inventory within 90 days from their appointment by the Court. The level of detail required for this Inventory is...
Archived
My father passed away last year. We found paper work thru lockheed martian about a pension plan. My sister and I are wondering
Bernard's answer
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Answered on June 05, 2012
Probably not unless you are entitled as survivors of your father and the benefit options he selected on the pension prior to his death. Start by...
If my husband and I die in the same accident, how do our separate Wills operate?
Bernard's answer
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Answered on June 05, 2012
Yes, this is legal. You will want to discuss with your estate planning attorney in detail to ensure your wishes are understood. There are other...
How do I transfer mineral rights to my children?
Bernard's answer
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Answered on June 04, 2012
First, consult with an attorney in your area who specializes in estate planning as their are gift tax issues associated with making such a...
Archived
I'm single and in my 30s, do I need to set up an Will?
Bernard's answer
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Answered on June 04, 2012
The most important reason you should consider having a Will is so that your choices about your assets happen. If you don't have one, then your...
Archived
Do I need an estate attornney?
Bernard's answer
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Answered on June 04, 2012
Maybe. It will depend on several factors. Your friend may wish to consult with an estate planning attorney to prepare a Will and Durable Powers of...