Do you have a sister, brother or parent who is too proud to ever ask for help? If you do, this story may hit home. It illustrates what can happen when members of a family are scattered across the country.The Washington Post tells the story of how an 80-year-old woman...
More Than 20 Years Of Serving Colorado Families And Businesses In Times Of Need
Month: August 2016
Beware of scammers targeting the elderly
Why do schemes target the elderly? A variety of assumptions are often to blame. Those over 65 have the greatest accumulation of wealth, they are usually compassionate supporting many causes and they might not be as tech savvy.From tax scams claiming an unpaid bill to...
Disagreements between fiduciaries and family members
There are many different situations in which a Coloradan could end up having fiduciary duties in relation to a loved one or a loved one’s estate. This is because there are several different fiduciary roles individuals in the state are sometimes named for by a...
Planning for two lifetimes with disabled children
Preserving funds through your retirement and end-of-life care becomes even more important when an adult child cannot provide self support. Medical treatment and better care mean that loved ones with disabilities are living longer. This is a success story, but one that...
3 reasons you may need a trust as part of your estate plan
Estate tax rules are constantly discussed by politicians. In this election cycle, one of the candidates has suggested doing away with what he calls the "death tax." Thus, it may not come as a surprise that tax rates and exemption levels on estate have changed 20 times...
Estate and gift tax: New proposed limits on discounting
When a share in a closely held family business or piece of land (i.e. the family vacation home) is passed down, it generally qualifies for a discount in value. This is because it is much harder to sell these minority stakes.In a recent post, we discussed a court...
An estate tax fight over valuation takes years to resolve
We haven’t covered estate taxes frequently in this blog, because the federal threshold for 2016 is $5.45 million per individual. That means that couples can pass $10.9 million without Federal gift and tax consequences. The yearly gift exclusion remains $14,000. But...