Entries by Zachary Reams

Estate Taxes? “Rolling in the Deep”

Administering an estate or trust? Were taxes filed before the person died? How would you know? The IRS allows access to previously filed returns with authority. An unpaid income tax bill is common. Hopefully, there is a recorded lien to alert you. But some go unnoticed. This problem occurs at every income scale. As a […]

Tenant, no pets…..what the &$#&% is a service animal?

Service Animal/Emotional Support Animal If you are a landlord, you might have come across this with tenants: the request of a service animal or an emotional support animal in the rental. In many cases, the disability is real; service animals are trained dogs (can also be a miniature horse) to provide a specific task for […]

Do I need a Trust? Consider a beneficiary deed

I recently read an article that posed the question whether you should put your home in a living trust. The author did not like probate. If you from a larger city, I don’t blame her: Probate proceedings in different states with larger populations can get expensive and lengthy (Relatively, Colorado is a much cheaper state […]

5 Easy Steps to Effectively Administer an Estate or Trust or Conservatorship

Managing an estate is much like managing a trust or a conservatorship. It primarily involves gathering the assets, managing them for creditors, heirs, or any interested persons, and then distributing the assets to the rightful people upon conclusion. With all these entities, there are things you need if you want to effectively administer assets for another […]

Family member has died. Do I need to file a probate proceeding? Consider a Small Estate Affidavit.

As the nominated personal representative or the successor of an estate, you have a lot of options to consider. Whatever you do consider, please also review the duties you have to the estate in general, including to the creditors and to the beneficiaries of the estate from the Colorado Bar Association’s article: So Now You Are […]