Chayet & Danzo, LLC Chayet & Danzo, LLC www.Coloradoelderlaw.com
Law Pay

Call for a Free Initial Consultation

Direct 303-872-5980
Toll-Free 888-472-1088
Email Us

COVID-19 NOTICE:

After careful review of the COVID-19 environment the law firm of Chayet & Danzo, LLC, will not be conducting in-person appointments in our offices until May 26th, 2020.

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 through Thursday and 8:00 a.m. to 4:00 p.m. on Fridays. We will also respond to e-mails as soon as we can.

This decision is in the best interest and health of our team, clients, and community.

We will be 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

The unique gesture of a bequest or gift to a grandchild

Some grandparents and their grandchildren have uniquely special and strong relationships, which can bring happiness and love to both parties. Both can grow from the intergenerational exchange of ideas and outlooks. Often, a grandparent’s wisdom and life experience can help to guide and provide food for thought to a grandchild, who can in turn support their beloved elder as they age.

At our law firm, we help clients create estate plans to facilitate their intentions about who should receive their money and property before or after death. Sometimes, those clients want to see that their grandchildren benefit in this way. The reasons for these bequests and gifts are as unique as the relationships from which they grow, but they have certain themes:

  • To provide money for educational costs
  • To provide for the costs of living
  • To gift family heirlooms or personal property
  • To leave investments, real estate or other assets

Above the Law published a thoughtful article on this topic last week in which the author wrote: “A bequest to a grandchild under a last will is an affirmative statement as to the grandparent’s love and recognition.” She talked about the situation in which a grandparent, rather than following the traditional practice of leaving their assets to a spouse and children, chooses instead to transfer some of their bounty to a grandchild. She stated: “[I]ncorporating grandchildren into one’s estate plan is a unique opportunity, no matter the size or constitution of the legacy … [to] ease the pain and sense of loss, when that generation has passed.”

An experienced estate planning lawyer can discuss with a grandparent client their goals for including grandchildren in their planning, providing advice about options like gifts, trusts, wills, 529 educational plans or other legal processes, including related tax planning.

No Comments

Leave a comment
Comment Information

Watch Our Firm Video

We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

View More Videos

Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Toll Free: 1-888-472-1088
Phone: 303-872-5980
Fax: 303-355-8501
Denver Law Office Map

Edwards Office
105 Edwards Village Blvd.
#D-201
Edwards, CO 81632

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Edwards Law Office Map

Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
  • Peer Review Rated For Ethical standards & Legal Ability TM Martindale Hubbell