Serving Colorado Families And Businesses With Dignity In Times Of Need
The person you choose to serve as trustee plays an important role in the trust that you establish. They ultimately have control over the assets you use to fund the trust and have to handle the investments or maintenance of those assets for your beneficiaries. Many...
You have an adult child with special needs, and you’ve been told that the best thing you can do for their future is to create a special needs trust. That way, your child can benefit from the inheritance you want to give them. Special needs trusts are designed in a way...
As the name implies, a trustee occupies a position of trust and authority. They have a duty to the trust itself and its beneficiaries. Typically, the person who creates a trust will name a trustee whom they think is capable of managing the trust. Usually, the person...
You’ve got a tight-knit family and you’ve always taken care of your own, so the whole idea of asking a stranger to manage your disabled adult child’s special needs trust makes you wildly uncomfortable. Just the same, it may be far wiser to go with a professional...
Serving as legal guardian of another adult is sometimes necessary to ensure their safety and well-being. It is also a big responsibility, one that requires time, patience and a good heart. This commitment may pull you away from your normal life, including potentially...
A professional may pad billing statements claiming extra hours managing a trust for a disabled client. A son or daughter might claim he or she was just borrowing from mom’s account to explain missing money. What can be done to identify these issues, stop the...
Prior to the 2017 Tax Cuts And Jobs Act (TCJA) these administrative expenses generally fell into the miscellaneous itemized deduction bucket. The TCJA suspended miscellaneous deductions until Jan. 1, 2026. This had created uncertainty about whether an estate, a...
Developmental disabilities exist across a broad spectrum. Diagnosis may occur at birth or with failures to hit benchmarks in the first years. In other instances, it may take until adolescence or even early adulthood for such a disability to become apparent. Autism in...
It’s not that often that football and estate planning are in the same sentence. But wealthy families are the owners of many of the National Football League teams. With this come succession issues as many owners enter their 80s and 90s.Denver Broncos ownership...
Fiduciary – in general this term is used for investment professionals. But if you have been appointed a trustee by a family member or friend, you need to know your duty.Personal liability for losses or unrealized gains is even possible when allegations of risky...
