Musicians, artists, writers, photographers and other creative types often miss an opportunity to have a say in what happens with their work by overlooking estate planning. The Queen of Soul, Aretha lin, who died of pancreatic cancer Aug....
Estate Planning
Unanticipated medical expenses and estate planning: 5 FAQs
Being retired and having assets to pass along is fortunate. But large, unexpected medical expenses can really start to drain even the most well-managed wealth. What steps should you consider in order to prevent this from happening? In this post, we will use an FAQ...
Estate planning for singles
For aging singles in Colorado, estate planning may not come into mind as frequently as it would for married couples. And it is not just a myth, Denver has been known for its numbers of single men resulting in a moniker of “Menver.” For singles who have no children or...
Updating an estate plan: when is it time?
Life doesn't stand still, either abstractly or concerning estate matters.The rule of thumb has long been that changes in your family structure trigger the need to review your estate plan to ensure that property will still be distributed according to your wishes. Such...
Special needs trusts, pt. 2: putting the right tools in place
In our post last week, we discussed the acceptance phase when you first learn a child or grandchild has special needs. This post is a reminder on the various tools – both old and new – available to ensure financial resources are in place without affecting government...
Special needs trusts, pt 1: realizing your child needs extra care
For a parent or grandparent, the realization that your child or grandchild has special needs can be difficult to accept. When you’re able to look ahead, however, you may see great uncertainty about your child’s ability to be able to live on their own, without special...
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...
Estate planning issues regarding Bitcoin and other cryptocurrency
Cryptocurrency is a concept first introduced in 2009 with the first offering of bitcoin, the most well known virtual currency. Many people do not understand the concept, but it can be an asset with value, so it should be included in the owner's estate plan. Legal...
Planning for your digital shoe box of mementos
The quality of the Smartphone cameras has improved to the point it is hard to lug along the digital SLR. As we document the big and little occasions on these devices, image and video storage often remains digital - a Google photo account, YouTube channel or somewhere...
A pet care trust protects a trusty companion
Planning for a pet can be overlooked in the estate planning process. Here is a question though: Do you know who would care for your dog, cat, horse or other beloved animal? Would this person have the resources to pay for associated costs of care?Too many animals end...
