Families have changed since the 1950s when the dream included a stay-at-home spouse and two or three children. Fast forward to 2017 and more variety exists in the shape and size of an ideal family.
Memorial Day is a time to remember those who died serving our country. Its history dates back to 1868 when sacrifices made by soldiers in the Civil War were commemorated. It follows an tradition of decorating (originally called Decoration Day) the graves of loved ones with wreaths, flowers and flags.
They become a part of the family and often stay at home longer than the human children. Whether one of the most popular breeds such as a Labrador retriever, German Shepherd or a mixed rescue, the ASPCA estimates that 44 percent of households have a dog. And cats, bunnies and birds are important members in others.
Individual charitable gifts play an important role for most nonprofit organizations. Luckily people in Colorado are generous. In a 2014 study conducted by the Colorado Nonprofit Association 80 percent reported giving to a charity within the previous year.
Have you seen pictures of your friend's socks in your Facebook feed? March 21 was World Down Syndrome Day. One of the ways to bring awareness this year was to wear brightly colored socks, printed socks or even three socks (representing three chromosomes). The initiative was designed to get people talking, spark fundraising and create a broad online community.
Ask around and you will find that many people don’t have an estate plan. They may not even know what makes up an estate plan. This was just the case today at a Starbuck’s. A question about an estate plan was met with question of “what is an estate plan?” This was followed by laughter that only debt would pass to the barista’s parents.
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.
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.
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 since 1976.
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.