Chayet & Danzo, LLC

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COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday – Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication:
guiding colorado families and Their Trusted Advisors During Times of Need

Colorado ranks 2nd as retirement destination

| May 5, 2017 | Estate Administration & Probate |

Mild winters and year-round accessibility to parts and trails throughout the Rocky Mountains are some of the reasons listed by CNN in its ranking of best states to retire. In addition, Bankrate finds that Colorado residents are some of the happiest with great access to healthcare.

Is there any downside in relocating to Colorado for retirement? The cost of living has been increasing as more people move to the state. In looking at retirement, estate planning is a crucial component of the process.

 

Looking toward the future

Considering a move to coincide with retirement should involve looking at the future. Whether you will be moving away from adult children or adult children have already spread out across the country, it might be a good time for a family discussion.

It is also important to sit down with a local Colorado estate planning attorney to review an existing estate plan or to finally take the time to get one in place. Each state has different laws.

State-specific estate & inheritance laws

While estate planning might not be top of mind when considering a move, things like state estate taxes can make a big difference. New Jersey and Maryland, for instance, have complex estate and inheritance tax laws. In the past, New Jersey even imposed an estate tax on out-of-staters who owned beach properties.

Moving from a community property state such as California to a common law state like Colorado is another important distinction.

In addition, certain planning may have been completed to avoid probate. The probate process differs from state to state. Probate might not be as onerous or time consuming in Colorado, so avoidance might no longer need to be a top priority.

Because each situation is different, you need accurate legal counsel to be able to make decisions that will meet your goals. Take the time prior to a move or shortly after to review your estate plan with a Colorado estate planning attorney.

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