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

1 minute reading time (198 words)

Making the Law Keep Up

Intestacy laws determine how a person’s assets pass if there is no will. What should intestacy law provide with regard to same sex marriage and with respect to parentage involving genetic materials. Under the Uniform Parentage Act a person may have three parents (and correspondingly more grandparents).

What should be the legal mechanism for managing and distributing monies obtained through crowd source fund-raising? What happens if the purpose for the fund-raising is unclear or if there is money left over?

These kinds of problems are dealt with by the Uniform Law Conference, an organization which has produced a myriad of laws for adoption by state legislatures. Such laws include the Uniform Commercial Code, the Uniform Probate Code, and the Uniform Transfers to Minor’s Act.

In the probate area there is a board, known as the Joint Editorial Board for Uniform Trust and Estate Acts, which has oversight responsibility and is presently working on the intestacy and crowd funding issues described above.

Our office is represented on this board. Kevin Millard is a representative from ACTEC (American College of Trust and Estate Counsel) and James Wade has been liaison from the board to State Court Judges since the 1980s.

The Future of Estate Planning
Let's Face(book) it.

Related Posts