Legal Insights: Our Blog

It's difficult for people of all ages to consider a time when their loved ones must carry on with their lives in their absence. But, inevitably, this day will come. While there isn't anything you can do to stop it, you can take steps to make the future much easier for your loved ones and family members. Drafting enforceable legal documents which detail your desires for your estate once you are no longer here can provide you and your family with much-needed peace of mind. When

For most Colorado couples, divorce is a detailed and complicated process. There are many factors to consider, such as how assets will be split and where the children will live. During this often-stressful time, it’s imperative that you don’t neglect your estate plan. Forgetting to make changes to your estate plan after a divorce can prove disastrous for your family. Divorce estate planning should always be a part of the divorce process. Whether you’ve never executed an estate

The Biden Administration, under the American Families Plan, is currently proposing what may be the highest estate tax rates in nearly a century. Families subject to the federal estate tax under the proposed legislation could face combined tax rates of as much as 61% on inherited wealth. Under the Plan, the top tax rate on capital gains would almost double and a tax benefit on appreciated assets known as the “step-up in basis” would be eliminated. Under the new proposal, the

News headlines abound regarding Britney Spears’ Conservatorship. Now 39 years old, Spears has been under a California Court ordered Conservatorship for 13 years – 65% of her adult life. In California, conservatorships are designed to protect incapacitated adults in matters involving both the individual’s business and financial affairs and the individual’s medical care, health, food, shelter, clothing, etc..[1] But in the Spears’ case, Ms. Spears seeks protection from her

SECURE Act Significant New IRA Rules: Overview and Action Steps to Change Your Estate Plan The Setting Every Community Up for Retirement Enhancement Act of 2019, called the “SECURE Act” makes significant changes to how IRAs and certain retirement benefits must be treated post-death. These changes are so significant all such plan holders should review their wishes and how their estate plans may be affected. This may result in: Revision of beneficiary designation forms. Revisio

When we think of estate documents, we tend to think about wills and trusts. We want our loved ones to get as much of an estate as possible — without creditors, or the IRS, taking a huge chunk out of what we intend to leave for them. Using Powers of Attorney We do not often think of estate documents that come in to play before we pass away. However, there are vital documents that can ensure your personal or business affairs are taken care of in the event you are permanently or

Most businesses in the United States are small, closely-held or family owned companies. However, due to insufficient estate, insurance,...

The decision to place a spouse or loved one into a nursing home is often a difficult one, and stress and anxiety typically surround this...

Many families with elderly parents or spouses should consider consultation from an elder law attorney about Medicaid qualification and...

The Colorado legislature recently passed the Colorado Uniform Trust Decanting Act (the “Act”). The Act, which went into effect on August...

If you are an interested party, meaning that you are receiving or could receive an inheritance from a will, you may obtain the services...

If you’re considering creating an estate plan you’ll need to understand the difference between a will and a revocable living trust. We...

DESIGNATING RETIREMENT PLAN ACCOUNTS Many people mistakenly believe that their Last Will and Testament or Revocable Living Trust will...

Estate planning is a complex area of the law, with countless rules that can change from year to year. If you’re planning on doing estate...