Utilizing trusts in your estate plan can be a very helpful way to save money and protect yourself (and your loved ones and beneficiaries) from estate taxes. Even though trusts are just a tool to help people building their estate plans, many people may shy away from...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Month: October 2015
Be thorough with your will to minimize legal troubles
About a month ago, we concluded our three-part series on wills, and the many different situations that can arise with this important document. We talked about the changes you can make to a will; the ways in which you can revoke your will; and the legal challenges that...
How can you reduce estate taxes during the estate’s execution?
When it comes to executing an estate, the tax implications for that estate are going to be important. Now, most estates don't run into the problem of qualifying for the federal estate tax, which sits at $5.43 million for 2015. However, some do, and even if you don't...
On the power of attorney and the living will
Many people in Denver have probably heard the phrases "power of attorney" and "living will" before, but they may not known exactly what these phrases mean. For example, some people may think that a "living will" is the same as a "will," or that the "power of attorney"...
Why we all need a long-term care plan
It can be hard to imagine, but if you can, think about your life when you are much older. Picture yourself as a 70- or 75-year-old person and trying to do all of the things that you do today. Some of those things won't be possible anymore, and others still, though...
A guardian, a ward, and the relationship between them
It's not easy to watch someone you love or care about slip into a state where they are no longer able to perform basic tasks or even make decisions for themselves. These cases can arise when someone suffers from a physical or mental disability, or a serious medical...
On probate, and what it means for the testator and family: Part 2
In our last post, we began a two-part discussion of probate: what it is, how it works and what you can expect if you are involved in the probate process. We also mentioned that probate can lead to some financial costs and fees, which naturally leads to this question...
On probate, and what it means for the testator and family: Part 1
Many people know about estate plans, and they've probably heard the phrase "probate" thrown out into a conversation before -- but they may not know what that important phrase means.Probate is simply the legal process involved when fulfilling the last wishes of a...