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Example: "I leave my cactus collection to my children, my wife Pat to choose who receives which cactus." A special power of appointment allows the recipient to distribute the designated property among a specified group or class of people, not including donee, donee's estate, creditors of donee, or creditors of donee's estate. [ 2 ]
The Uniform Probate Code (commonly abbreviated UPC) is a uniform act drafted by National Conference of Commissioners on Uniform State Laws (NCCUSL) governing inheritance and the decedents' estates in the United States.
After the testator has died, an application for probate may be made in a court with probate jurisdiction to determine the validity of the will or wills that the testator may have created, i.e., which will satisfy the legal requirements, and to appoint an executor. In most cases, during probate, at least one witness is called upon to testify or ...
The post How to Avoid Probate in Colorado appeared first on SmartReads by SmartAsset. Probate is a legal process that deals with the assets and debts left behind after someone dies. Though ...
The Judiciary of Colorado is established and authorized by Article VI of the Colorado Constitution as well as the law of Colorado.The various courts include the Colorado Supreme Court, Colorado Court of Appeals, Colorado district courts (for each of the 22 judicial districts), Colorado county courts (for each of Colorado's 64 counties), Colorado water courts, and municipal courts.
The name is derived from Matter of Totten, 179 N.Y. 112 (1904), the case decided by the New York Court of Appeals which established the legality of this practice. Although this method of creating a trust did not meet the formal requirements of trust creation, or the testamentary formalities required to make a valid will, the Court noted that such an arrangement typically involved a small ...