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

May 2018 Archives

Fiduciary wrongdoing: What are the legal remedies?

Wrongdoing by trustees and personal representatives can take many forms. It could be outright theft from an estate or a long-term scheme to embezzle funds from a trust. The wrongdoing might be hard to uncover if it involves decisions that routinely favor one beneficiary over another or self-dealing, such as purchasing a vehicle at lower than a fair market price.

What is the long-term view on estate taxes?

The estate tax is a resilient part of the U.S. tax code. Despite calls to abolish the so-called federal “death tax,” it remains. An increase in the gift tax exemption from $5.49 million to $11.2 million (double this figure for couples), however, means fewer estates will have to pay – at least those who pass away between 2018 and 2025.

Keeping elderly pet parents together with their companions

From an adopted chihuahua to a special cat or bird, pets brighten days for many in various stages of retirement. And in some cases, they may even serve in a support role helping their person through Arrhythmia attacks or other medical conditions.

Siblings and inheritance: 3 points about preventing disputes

With every day that passes, adult siblings who grew up together get farther away from their common upbringing. Over time, many relationships become frayed - and often break down altogether after a parent's death gives rise to an inheritance dispute.

Beneficiary (transfer-on-death) deeds & Medicaid eligibility

Since 2004, Colorado has allowed families to use beneficiary deeds to transfer real property (a home in Denver or a family cabin in the mountains) outside of probate. We must again stress that this strategy cannot replace a comprehensive estate plan. Get legal advice as well, because simple mistakes can invalidate a transfer – e.g. failing to record a beneficiary deed before a death.

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Denver, CO 80246

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Edwards, CO 81632

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Aspen, CO 81611

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  • Rated by Super Lawyers Macro Chayet
  • Rated by Super Lawyers Frank J. Danzo, III
  • Member National Academy of Elder Law Attorneys, Inc. TM
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