Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

Gary T. Potter was born in Boulder, Colorado. He graduated from Regis College and earned a B.A. in English and Psychology (1963). He earned his Juris Doctorate from University of Colorado School of Law (1966). Mr. Potter is admitted to practice in Colorado Courts. Mr. Potter served as a Deputy Colorado Attorney General, Inheritance Tax Division; a...s a Vice President and Trust Officer with First National Bank of Denver Trust Department; and as Vice President Marketing of Integrated Resources, before beginning his career in the private practice of law. Mr. Potter’s practice focuses on estate and business planning and probate and trust administration. Mr. Potter has served on numerous boards throughout his career including the Denver Trust Officers Association, Teachers Award Foundation, Craig Hospital Board and several basketball and golf-related Boards, such as the Pacific Coast Golf Association and the Colorado Golf Hall of Fame Board. More

Annual Review Checklist

January is the perfect time for the annual review of estate plans, particularly if you have had significant changes in your life such as deaths, relationships or assets. Here are a few questions to help get started.

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Selecting Your Trustee

Selecting your trustee is one of the most important decisions to make when creating a revocable trust. The trustee is a fiduciary with the legal obligation to carry out the directions set forth in the trust agreement. The responsibilities and duties include collection and management of assets, preparing tax returns and distributing the income and principal of the trust as the document sets forth.

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Timeline for Preparing and Updating Wills and Trusts

The law allows a person to sign binding contracts including Wills at age 18, the age when young adults should begin to plan to avoid financial and medical complications in the event of debilitating illness, injury or death.  Wills, Medical and Financial Powers of Attorney, and Advanced Directives are the basic documents that every person should have in place.

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