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September 2015 Archives

Age is but a number: get an estate plan early in your life

When people think about estate plans, they probably think about an older person organizing and structuring their estate plan. The older person may even be close to death. The point is that most people think of estate plans as "something that older people do." If you are young, you do not need an estate plan -- or so that line of thinking goes.

Where there's a will, there's a way: Part 3, Challenges

In the second installment of our three-part series on wills, we talked about changes in your will (and your life). Your will is a constantly evolving document, but in order to make this evolution happen, you have to remain organized and make the necessary changes to your will. Your will won't automatically reflect the way you have things organized in your mind. You have to actually put that thought on to paper in order to make it valid.

Where there's a will, there's a way: Part 2, Changes

In our last post on the subject of wills, we talked about revoking a will. This is an important step for many people out there who are looking to create a new will or want to change their will -- which leads in to today's subject.

Where there's a will, there's a way: Part 1, Revocation

In estate planning, the will is one of the most important documents involved in the plan. Any person should that holds assets or has any amount of wealth should consider drafting a will. Once that will is drafted, though, you shouldn't think that you're set for the rest of your life. Life-changing events can occur, and with these events may come the need to alter your will in some way.

Colorado Court of Appeals decision limits trust substitutions

The decision specifically affects an estate-planning tool called an intentionally defective irrevocable trust (IDIT). This trust allows an individual to exclude trust assets from his or her estate for estate tax purposes. The creator of this type of trust (grantor) may also pay income taxes, which can increase the value of the trust gift tax-free.

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