What Does “Probate” Mean?

Attorneys often presume words that are common in their profession are widely known by everyone else. Oftentimes it is important to define estate-planning terms from the outset so that clients and professionals are on the same page. The simplest definition of probate is the official proving of a will.   The process of “officially proving” the will involves the following steps:
  1. Presenting the original will to the court in the county where the decedent resided at the time of death.
  2. The individual who is nominated by the will to be the Personal Representative (known in other states as “executor”) must file some initial paperwork advising the court of her willingness to serve as Personal Representative.
  3. A judge will review the will and the init
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Should You Transfer Your Home to Your Children?

The question of whether and when to transfer assets is a key part of the estate planning process.  Many clients with trusted children wish to transfer their homes to their children prior to death.  However, there are many potential pitfalls to doing so, including potentially large tax implications.  We can advise you on this issue as part of your estate plan, and here also is a link to a good Wall Street Journal article on this topic from April 14, 2014. To View Link Click HERE
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Some Tips on Long-Term-Care Insurance

Long Term Care Insurance (a policy that provides benefits to pay for assisted living and nursing home care) can be an important part of retirement and estate planning.  However, it also can often be very expensive and complicated.  Here is a link to an April 14, 2014 Wall Street Journal article that does a good job of explaining Long Term Care Insurance.  We can also discuss this issue with you, and direct you to trusted providers. To View Link Click HERE.  
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Post DOMA Retirement and Legal Issues Facing the LGBT Community -May 5th, 2014

Same sex partners in Colorado face specific challenges as they prepare for a future together. The Graduate School of Social Work assembled a dynamic panel of experts to discuss the specialized needs of same sex partners and strategies to address them. Topics will include current legal status of civil unions and same-sex marriage, practical considerations regarding entering into and dissolving civil unions, retirement planning, socially responsible investing, estate planning, parental rights and guardianship. The format will be interactive with plenty of opportunity for Q&A.


Julie Groves, JD, Groves Law, LLC

Arthur Segal

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