Comments for Douglas A. Turner, P.C. http://www.douglasturner.com Leading Colorado Law Firm Fri, 06 Nov 2009 13:47:41 +0000 http://wordpress.org/?v=2.7.1 hourly 1 DTurnerCommentshttp://feedburner.google.com Comment on Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison by Douglas Turner http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/comment-page-1/#comment-857 Douglas Turner Fri, 06 Nov 2009 13:39:38 +0000 http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/#comment-857 Elizabeth: A Colorado beneficiary deed passes NO interest in the real property until after the death of the current owner. The Colorado beneficiary deed does not "lock up" the property. In addition, the grantor of the Colorado beneficiary deed can revoke the Colorado beneficiary deed at any time. Elizabeth:

A Colorado beneficiary deed passes NO interest in the real property until after the death of the current owner. The Colorado beneficiary deed does not “lock up” the property. In addition, the grantor of the Colorado beneficiary deed can revoke the Colorado beneficiary deed at any time.

]]> Comment on Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison by Elizabeth http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/comment-page-1/#comment-856 Elizabeth Thu, 05 Nov 2009 23:09:24 +0000 http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/#comment-856 If a nbeneficiary deed is recorded, and the grantor wants to sell the property, is he allowed to do so? does the beneficiary dedd lock up the property, or it is only valid AFTER the grantor dies? If a nbeneficiary deed is recorded, and the grantor wants to sell the property, is he allowed to do so? does the beneficiary dedd lock up the property, or it is only valid AFTER the grantor dies?

]]> Comment on Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison by Douglas Turner http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/comment-page-1/#comment-828 Douglas Turner Wed, 14 Oct 2009 16:36:13 +0000 http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/#comment-828 Ms. Lundy: Your will in Virginia "covers" your real property in Colorado. However, it will require a separate proceeding here in Colorado upon your death to deed the property to your heirs or sell the property. That seprate proceeding could be expensive and is not necessary. A better option might be a Colorado beneficiary deed for your Colorado real property. If you would like to discuss your situation in detail, please give me a call. Douglas Turner, Esq. Ms. Lundy:

Your will in Virginia “covers” your real property in Colorado. However, it will require a separate proceeding here in Colorado upon your death to deed the property to your heirs or sell the property. That seprate proceeding could be expensive and is not necessary. A better option might be a Colorado beneficiary deed for your Colorado real property. If you would like to discuss your situation in detail, please give me a call.

Douglas Turner, Esq.

]]> Comment on Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison by Gina Lundy http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/comment-page-1/#comment-827 Gina Lundy Wed, 14 Oct 2009 00:52:55 +0000 http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/#comment-827 Hello, I'm in the military stationed in Virginia, I have a house in Cascade, CO that I rent. It was my primary residence while stationed in Colorado. It's titled in my name only. Does my will in Virginia cover the property in Colorado or do I need a second Colorado will addressing disposition of this property? Or should I be considering a Colorado quitclaim or beneficiary deed that I keep filed with my Virginia estate planning documents? Hello, I’m in the military stationed in Virginia, I have a house in Cascade, CO that I rent. It was my primary residence while stationed in Colorado. It’s titled in my name only. Does my will in Virginia cover the property in Colorado or do I need a second Colorado will addressing disposition of this property? Or should I be considering a Colorado quitclaim or beneficiary deed that I keep filed with my Virginia estate planning documents?

]]> Comment on Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison by Douglas Turner http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/comment-page-1/#comment-817 Douglas Turner Tue, 06 Oct 2009 13:26:29 +0000 http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/#comment-817 Well, like most law questions, it depends on the situation. In general, a revocable trust does not provide much asset protection or privacy when it comes to US real estate. It will thwart the novice collection lawyer, but not a good one. I also suggest looking at the article about bringing property back into an estate to pay bills, after death. That said, if the client already had a revocable trust and money was not an issue (costs little more to transfer to the trust), I would probably use the trust. As for the estate tax issue, that is a separate issue. Common misconception is that a revocable trust provides some special estate tx benefits. It does not. About anything that can be accomplished through a revocable trust can be accomplished by other means, as well. That said, we use revocable trusts for the mor esophisticated plans for many reasons. Well, like most law questions, it depends on the situation. In general, a revocable trust does not provide much asset protection or privacy when it comes to US real estate. It will thwart the novice collection lawyer, but not a good one. I also suggest looking at the article about bringing property back into an estate to pay bills, after death. That said, if the client already had a revocable trust and money was not an issue (costs little more to transfer to the trust), I would probably use the trust.

As for the estate tax issue, that is a separate issue. Common misconception is that a revocable trust provides some special estate tx benefits. It does not. About anything that can be accomplished through a revocable trust can be accomplished by other means, as well. That said, we use revocable trusts for the mor esophisticated plans for many reasons.

]]> Comment on Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison by Douglas Turner http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/comment-page-1/#comment-816 Douglas Turner Tue, 06 Oct 2009 13:22:56 +0000 http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/#comment-816 Well, like most law questions, it depends on the situation. In general, a revocable trust does not provide much asset protection or privacy when it comes to US real estate. It will thwart the novice collection lawyer, but not a good one. I also suggest looking at the article about bringing property back into an estate to pay bills, after death. That said, if the client already had a revocable trust and money was not an issue (costs little more to transfer to the trust), I would probably use the trust. Well, like most law questions, it depends on the situation. In general, a revocable trust does not provide much asset protection or privacy when it comes to US real estate. It will thwart the novice collection lawyer, but not a good one. I also suggest looking at the article about bringing property back into an estate to pay bills, after death. That said, if the client already had a revocable trust and money was not an issue (costs little more to transfer to the trust), I would probably use the trust.

]]> Comment on Using Colorado Beneficiary Deeds vs. Colorado Quitclaim Deeds To Avoid Probate: A Comparison by Legalee http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/comment-page-1/#comment-813 Legalee Mon, 05 Oct 2009 18:00:57 +0000 http://www.douglasturner.com/2008/01/09/using-colorado-beneficiary-deeds-vs-colorado-quit-claim-deeds-to-avoid-probate/#comment-813 Thanks for the article. Wouldn't a living revocable trust would give the same protection as a Colorado Beneficiary Deed plus provide some estate tax benefit too? Thanks for the article. Wouldn’t a living revocable trust would give the same protection as a Colorado Beneficiary Deed plus provide some estate tax benefit too?

]]> Comment on Ten Colorado Probate and Estate Planning Tips For 2008 by Julie http://www.douglasturner.com/2008/01/09/ten-colorado-probate-and-estate-planning-tips-for-2008/comment-page-1/#comment-800 Julie Fri, 03 Jul 2009 03:05:52 +0000 http://www.douglasturner.com/2008/01/09/ten-colorado-probate-and-estate-planning-tips-for-2008/#comment-800 the lawyer has said that assets can be distributed by my sister (we are co-executors, co-pr) refuses to sign. What do I do? WHat form is used in colorado for a petition of distribution? the lawyer has said that assets can be distributed by my sister (we are co-executors, co-pr) refuses to sign. What do I do? WHat form is used in colorado for a petition of distribution?

]]> Comment on Child Support: The Compound-Interest Debt That (Almost) Never Goes Away by Lynn http://www.douglasturner.com/2007/05/10/child-support-the-compound-interest-debt-that-almost-never-goes-away/comment-page-1/#comment-798 Lynn Mon, 29 Jun 2009 22:31:51 +0000 http://insights.douglasturner.com/2007/05/10/child-support-the-compound-interest-debt-that-almost-never-goes-away/#comment-798 My ex husband currently owes $5707.49 in arrears "before compounded interest on a support order that was last modified on 10/6/08. How can I find out the exact amount of interest owed, and what can I do to collect this money? He is facing contempt on 7/20/09, where the arrears will likely be reduced to judgment. CSE is involved, but seem to be very lax with enforcement and collection. My ex husband currently owes $5707.49 in arrears “before compounded interest on a support order that was last modified on 10/6/08. How can I find out the exact amount of interest owed, and what can I do to collect this money? He is facing contempt on 7/20/09, where the arrears will likely be reduced to judgment. CSE is involved, but seem to be very lax with enforcement and collection.

]]> Comment on Ten Colorado Probate and Estate Planning Tips For 2008 by Douglas Turner http://www.douglasturner.com/2008/01/09/ten-colorado-probate-and-estate-planning-tips-for-2008/comment-page-1/#comment-793 Douglas Turner Wed, 13 May 2009 12:28:15 +0000 http://www.douglasturner.com/2008/01/09/ten-colorado-probate-and-estate-planning-tips-for-2008/#comment-793 Terry: I am afraid I do not understand the question. Could you please be more specific? Douglas Turner Terry:

I am afraid I do not understand the question. Could you please be more specific?

Douglas Turner

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