Learn More About Estate Planning And Probate Law in Salida, Colorado

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The City of Salida is a Statutory City that is the county seat and most populous city of Chaffee County, Colorado, United States. The population was 5,504 at the U.S. Census 2000. The town's name is pronounced ('exit') in Spanish. Founded in 1880, Salida was originally a railroad town and was a significant link in the Denver and Rio Grande Western Railroad. After World War II the railroad began pulling back its operations in Salida. Many residents in the 1950s, 1960s, and 1970s worked either in local ranching operations or commuted north to Leadville to work at the Climax Molybdenum Company. Today the most prominent business in Salida is tourism, consisting of skiing at Monarch ski area, whitewater rafting, kayaking and outfitting, particularly on the Arkansas River. Salida is home to the annual FIBArk kayak race, one of the oldest whitewater races in North America.

Estate Planning And Probate Law Lawyers In Salida Colorado

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What is estate planning and probate law?

Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Estate planning attorneys advise clients on their options for disposition of real and personal property after death, and create any number of necessary documents pertaining to the estate and finances of the client -- including wills and trusts. Estate planning law attorneys also assist clients in setting out their end-of-life health care wishes through living wills and health care powers of attorney.

Answers to estate planning and probate law issues in Colorado

What happens to the property of a person with and without a will?

The law dealing with estates governs the passing of the property of people who have passed away as well as people...

What are the tax consequences of death?

In the administration of any estate of a person who has passed away, there may be significant tax consequences. An...

What is probate?

When a person dies, someone must step in to wind up the deceased persons affairs. Bills must be paid, property must...

Who should you choose as an executor of your will?

An executor is the person you name in your will to handle your property after death. The executor--called a personal...

What is a living trust?

A trust is an arrangement under which one person, called the trustee, holds legal title to property on behalf of...

Will my estate have to pay taxes after I die?

The federal government imposes estate taxes only if your property is worth more than a certain amount at your death...

What are the legal requirements for writing my own will?

Every adult should have a will. A will makes sure that your property goes where you want it to go, and makes the...