In desirable parts of the Denver, including the Cherry Creek neighborhood, housing prices have increased over the years. For couples who have lived in a neighborhood for 20 or 30 years, if might be time to consider a change – call is “rightsizing”...
If you’ve just gone through a divorce, the last thing you might want to do is drag up old memories by revising your estate plan. Trust us, though, if you don’t take the time to do this, you could seriously regret it. Once the proverbial ink has dried on your divorce...
Do you have a sister, brother or parent who is too proud to ever ask for help? If you do, this story may hit home. It illustrates what can happen when members of a family are scattered across the country.The Washington Post tells the story of how an 80-year-old woman...
Why do schemes target the elderly? A variety of assumptions are often to blame. Those over 65 have the greatest accumulation of wealth, they are usually compassionate supporting many causes and they might not be as tech savvy.From tax scams claiming an unpaid bill to...
There are many different situations in which a Coloradan could end up having fiduciary duties in relation to a loved one or a loved one’s estate. This is because there are several different fiduciary roles individuals in the state are sometimes named for by a...
Preserving funds through your retirement and end-of-life care becomes even more important when an adult child cannot provide self support. Medical treatment and better care mean that loved ones with disabilities are living longer. This is a success story, but one that...
Estate tax rules are constantly discussed by politicians. In this election cycle, one of the candidates has suggested doing away with what he calls the "death tax." Thus, it may not come as a surprise that tax rates and exemption levels on estate have changed 20 times...
When a share in a closely held family business or piece of land (i.e. the family vacation home) is passed down, it generally qualifies for a discount in value. This is because it is much harder to sell these minority stakes.In a recent post, we discussed a court...
We haven’t covered estate taxes frequently in this blog, because the federal threshold for 2016 is $5.45 million per individual. That means that couples can pass $10.9 million without Federal gift and tax consequences. The yearly gift exclusion remains $14,000. But...
Whether appointed a personal representative or a trustee, you cannot overlook digital assets. An online brokerage accounts comes with a known value. But other accounts such as iTunes or Pokémon Go! (level 14 is bringing in more than $100 on eBay) have value. Online...
