What is behind a teenager's sudden refusal to go to school or the unusually "silly" behavior of a pre-schooler? A diagnosis "on the spectrum" at any age often raises more questions than answers. A hoped-for future may start to look different.The statistics paint a...
Estate Planning
Why everyone needs a financial power of attorney
In our last post, we covered questions to discuss with a health care surrogate (the person your appoint to make medical treatment decisions on your behalf through advance directives, such as the medical durable power of attorney). Along the same vein, everyone needs...
Should an estate plan update be your 2018 New Year’s resolution?
People have been making New Year's resolutions for 4,000 years since the Babylonians started the practice, according to the History Channel. The beginning of a new year is a time to examine your life to see what steps you may take to make improvements, including...
Disabled individuals now able to set up a special needs trust
Why couldn't mentally capable, but disabled individuals set up a special needs trust (SNT) for themselves in the past? A legislative oversight from over 25 years ago is the basic answer.The 21st Century Cares Act corrected the issue in December 2016. The legislation...
Unequal bequests to siblings may spur will contest
Here at & , LLC, we help clients at every stage of the estate planning and probate process. For example, we help them write wills and trusts to determine who will receive their property. We also assist...
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...
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. Generally, life...
Part III: Transferring property to a trust
In our series on trust basics, we have talked about formation documents as well as the different types of trusts and their purposes. Once you have completed all the up-front work and have a trust, you must fund it. Tied in with funding a trust may be the need to...
Part II. Types of trusts: What’s in a name?
The names of various trusts may sound like another language. Others may make you feel like you are lost in acronym soup, CRT, ILIT or a TSNT. Even the length of the trust instrument itself can vary based on your needs. One beneficiary might mean it is simple and...
Trust formation basics: Part I
Some of the misperceptions about trusts are that they are too burdensome or expensive. In many situations they provide a cost-effective vehicle to plan for the needs of a surviving spouse and smoothly transfer assets to the next generation. How do you determine...
