Estate Planning Articles
Taxes on the transfer of property upon your death take a variety of forms. The federal law in this area has changed over the years, and state law differs from state to state. The federal government still imposes an Estate tax on property transferred upon death, but the exemption amount (amount that can be transferred…
WHAT ARE YOUR FINAL WISHES? Have you thought about how those wishes will be implemented? One piece of Colorado estate planning involves decisions about final disposition of your remains, and instructions about final services or memorials. Some clients have these decisions already made, and other clients need guidance to think through their options. I have…
Marriage today represents increasingly varied combinations of two lives. First marriages, second marriages, first marriage for one spouse, second or third for another, blended families, age differences, inheritances, and gaps in wealth distribution–—these are just a few of the unique circumstances that may underscore a marriage. Some couples prefer clear agreements in advance, as to…
It is a New Year and a common resolution that I hear is for clients to update their estate planning, or perhaps to make a will for the first time. Many clients come to me with questions about how to “avoid probate” through the use of a revocable living trust. As the article below indicates,…
In the course of Estate Planning with clients, we always discuss the importance of an “emergency file” to act as a road map for your Personal Representatives appointed under a Will, or Agents appointed under a Power of Attorney. (Emergency files aren’t a bad idea for our own personal organization either!) More of our accounts…
As the Baby Boomers of our society age and begin to experience the effects of seniority, family members may need to familiarize themselves with Colorado guardianship procedure and the requirements to be appointed the guardian over a loved one. A myriad of health issues may arise with elderly individuals, some of which may unfortunately present…