The National Research Center’s 2018 Community Assessment Survey of Older Adults was recently released, providing detailed responses that inform us about the needs and strengths of our Colorado elders. Key players like local government bodies, nonprofits, private...
Mental illness spans a continuum and reaching the right diagnosis and mix of medications can take years. Some who struggle with bipolar disorder, schizophrenia or severe depression, to name a few, recognize the symptoms of an oncoming mental health crisis and check...
On December 4, the IRS issued a Newswire about new ABLE accounts that benefit adults with disabilities and changes from recent federal tax reform. In September, we posted a blog about ABLE accounts, explaining that they were created as a vehicle for saving money to...
When setting up a trust – whether a special-needs trust for a child or a testamentary trust – deciding on the right trustee is crucial. When your will leaves money or property to a trust, your estate personal representative will transfer those assets. But then, his or...
When a person passes away, he or she usually leaves behind not only assets, but also valid debts and liabilities. At our law firm, we sometimes represent creditors trying to collect debts that survive the deaths of the deceased people who became liable for those debts...
As the media has widely reported, earlier this month U.S. Supreme Court Justice Ruth Bader Ginsberg fell in her office, breaking three ribs. At 85 years old, a fall raises concerns for an older patient’s physical and mental health as well as questions about...
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...
At our law firm, we provide estate planning advice and services to Colorado clients at all levels of wealth, but for those at upper tax brackets, it is important to evaluate if and how federal gift and estate taxes could impact choices to make lifetime gifts as well...
Investing in individual stocks can diversify your financial portfolio. Warren Buffett’s four principles are to look for shares in a business you understand with good long-term prospects, operated by competent and honest people and at an attractive price.This...
In the past week, we have talked about the power of attorney as a component of your estate plan, including what to look for in choosing your agent and his or her legal duties. Today, we will discuss the kinds of powers and responsibilities you can delegate to your...
