An important part of estate planning for many people, particularly the wealthy, is philanthropy. Being able to leave a legacy behind for a beloved charitable organization or favored cause is a priority for these individuals.When structuring an estate plan, it is vital...
One of our own, founding attorney and partner Marco Chayet, is proud to announce that he will be assuming an important new role as Board Chair of the NextFifty Initiative, an organization aimed at increasing the quality of life for Colorado's aging population. What is...
In our recap of the latest legislative session, we get to revisit a subject from last summer: digital assets. Colorado has enacted the Revised Uniform Fiduciary Access to Digital Assets Act. It will become effective at the beginning of August.Last summer, in our July...
It can be a challenge to change an irrevocable trust. Decanting in the trust context allows a trustee to pour the assets of one trust into another under special circumstances. Our January 8, 2014 blog covered the basics of decanting. At the time, 21 states had...
Alzheimer’s is a devastating and cruel disease. It slowly robs sufferers of their memories, their recognition, and, eventually, their ability to function independently. Given the huge impact this illness can have both on patients and their families, it is no...
As we have talked about many times on this blog, it is very important for every person to plan their estate and to do so properly. You risk a lot -- and your family could endure emotional and personal strife -- if you don't have a will in place and you haven't...
Identity theft schemes constantly evolve and target everyone from infants to those who have recently passed away. Ghosting, stealing the identity of a deceased victim, claims as many as 2.5 million identities a year.Criminals can use identity information to apply for...
First off, we are very sorry that you have landed on this blog post. Whether a loved one passes away suddenly or spent several years in memory care or a skilled nursing facility, it is never easy. In this blog, we want to provide a road map for what you need to do to...
One aspect of an estate plan that can easily be overlooked involves beneficiary designations on retirement plans. Designating your spouse as a beneficiary comes with several significant benefits.The surviving spouse is able to roll over inherited benefits into their...
Oftentimes, people are under the impression that if they don’t have substantial wealth, there’s no reason to have a will. But there are multiple types of wills that serve very different functions. Wills are for much more than allocating funds. They are...
