AV Preeminent Peer Rated Attorneys
Lake City Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
AV Preeminent Peer Rated Attorneys
Lake City Residents, consider several factors when selecting a lawyer ... Learn More
AV Preeminent Peer Rated Attorneys
Lake City Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
  • 1130 Ocean Wave Drive, Lake City, CO 81235

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Looking for Estate Planning Lawyers in Lake City?

Estate planning attorneys help individuals prepare for the management and distribution of their assets after death or incapacitation. They create legal documents such as wills, trusts, powers of attorney, and healthcare directives. Their work ensures a client’s wishes are honored, minimizes potential taxes, and simplifies the process for their loved ones.

Commonly Asked Estate Planning Questions From Users Near You

This information is not legal advice and is not guaranteed to be correct, complete or up-to-date. It is provided for general informational purposes only. If you need legal advice you should consult a licensed attorney in your area.

What steps should I take to to claim inheritance if the deceased did not leave a will?

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Answered by attorney Victor L. Waid (Unclaimed Profile)
Estate Planning lawyer at Law Office of Victor Waid
Obtain your self probate legal counsel and file a petition into probate court to administer the estate of your mother, to determine who is entitled to what part of the estate.
Obtain your self probate legal counsel and file a petition into probate court to administer the estate of your mother, to determine who is entitled to what part of the estate.
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Which Trust to set up?

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Answered by attorney Jessica Robin Barsotti (Unclaimed Profile)
Estate Planning lawyer at Law Office of Barbara A. Goode
Unless you have a very large estate that will subject you to inheritance tax (ie over $3 million) you may not need to set up a life insurance trust. Those are normally used to provide the proceeds of a large life insurance policy to a beneficiary and avoid estate taxes. If you do have this issue, I would consult an attorney, but in essence you should set up an irrevocable life insurance trust. A revocable trust will not provide you with the tax benefits. If you do not have this issue, you could probably just designate your child as the beneficiary of the proceeds and set up a regular revocable trust to manage the assets in the event that your child is still a minor when you pass.
Unless you have a very large estate that will subject you to inheritance tax (ie over $3 million) you may not need to set up a life insurance trust. Those are normally used to provide the proceeds of a large life insurance policy to a beneficiary and avoid estate taxes. If you do have this issue, I would consult an attorney, but in essence you should set up an irrevocable life insurance trust. A revocable trust will not provide you with the tax benefits. If you do not have this issue, you could probably just designate your child as the beneficiary of the proceeds and set up a regular revocable trust to manage the assets in the event that your child is still a minor when you pass.
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Is it illegal to occupy a house that is in probate?

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Answered by attorney Kathleen Delacy (Unclaimed Profile)
Estate Planning lawyer at Reger Rizzo & Darnall, LLP
Not really but you may be required to pay rent for their 2/3 share assuming the house was left to all 3 of you.
Not really but you may be required to pay rent for their 2/3 share assuming the house was left to all 3 of you.