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July 2017 Archives

How to account for sibling rivalry in an estate plan

Almost as soon as a younger sibling arrives, so does rivalry for parent attention. As the children grow up, it is amazing to see how early these rivalries turn into “hitting” and “no, thank yous.” As children grow up together these behaviors change, but sibling rivalry rarely ever goes away.

Same-sex couples should make or review estate plans

Since same-sex marriage became legal in Colorado in October 2014, it may seem that legal matters related to the marital relationship like those concerning property, inheritance, children, medical decision making, visitation in hospitals and other similar issues are resolved.

Death tax on life insurance benefits

Life insurance plays a vital role in many estate plans. It provides salary replacement for a family if a heart attack or tragic car accident takes the life of a breadwinner. These policies may also be a part of a business or ranch/farm succession plan.

Undue influence and pay-on-death designations

A caregiver or child who lives closest to an elderly parent may exert influence in an effort to get a larger inheritance. It's a problem when pressure - whether overpersuasion, coercion or manipulation - leads to a change in the terms of a will that favors the influencer.

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