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March 21, 2013 Posted In Estate Planning,Estate Taxes,Firm News
Although Congress recently made a very favorable estate and gift tax exemption “permanent,” it is hard to say with certainty what changes will come into effect for residents of Colorado and other states as a result of the recent government sequestration. Under sequestration, there is a possibility that many of the following estate planning techniques…
read moreFebruary 14, 2013 Posted In Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration
Doris Duke was a wealthy philanthropist who died leaving a fortune worth around $1 billion. Her heirs are teenage twins, a 15-year-old boy and girl, each of which stands to inherit $500 million. The money was left in a trust, however, and the trustees are evidently so hesitant to administer funds from the account that…
read moreJanuary 15, 2013 Posted In Creditors and Probate,Estate Planning,Firm News,Probate, Estate, & Trust Administration
It reads like the script of a crime drama or even a soap opera: A man wins a fortune in the lottery, only to be poisoned shortly thereafter. Soon the victim’s family members begin pointing fingers, accusing each other of ulterior motives while the coroner tries to have the victim’s body exhumed. If he can…
read moreJanuary 2, 2013 Posted In Claims,Firm News,Probate, Estate, & Trust Administration,Trust & Will Contests,Trust Disputes
Those familiar with the life of railroad heiress Huguette Clark might be interested to know that the drama surrounding her multimillion-dollar fortune has just taken another turn. A 60-year-old homeless man who was in line to receive a hefty portion of her estate, an estimated $19 million was found dead recently of hypothermia, adding another…
read moreDecember 12, 2012 Posted In Asset Protection,Estate Planning,Firm News,Trusts
There are many reasons Colorado residents continually put off making plans for their estate. Some, of course, have a hard time believing they will need those plans in place anytime soon. But even those who realize the importance of estate planning may feel bogged down by the number of details involved. That can be enough…
read moreDecember 5, 2012 Posted In Asset Protection,Breach of Fiduciary Duty,Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust & Will Contests
If you are from a close-knit family, you may not be able to imagine what it is like to be embroiled in a feud that pits you and your siblings against each other. But when it comes to handling the family estate, personal and financial issues can tear apart families with astonishing force. In Aurora,…
read moreNovember 14, 2012 Posted In Creditors and Probate,Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration,Wills
A recent poll of randomly selected households across Colorado found that the majority of the state’s residents support some form of legal recognition of same-sex relationships, either through marriage or civil unions. Residents over 65 were less likely than younger Coloradans to support gay marriage, but almost half support civil unions. Voters under 34 were…
read moreOctober 31, 2012 Posted In Asset Protection,Creditors and Probate,Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration
There are plenty of reasons why people fail to plan what will become of their assets and possessions after death. Some are uncomfortable thinking about the end of their lives. Others assume that their lack of descendants or valuables means that there will be nothing to sort out after they die. Still others are so…
read moreOctober 17, 2012 Posted In Estate Planning,Firm News
It is Estate Planning Awareness Week, a perfect occasion to clear up some widespread misconceptions about the importance of making plans for the future. Just about every Colorado resident can benefit from estate planning, from millionaires to children of low-income parents. The only difference is in the individual choices you make about your assets, health…
read moreOctober 3, 2012 Posted In Estate Planning,Firm News,Guardianships & Conservatorships,Powers of Attorney
We often discuss the importance of estate planning. While most people do not like to think about their own death, none of us is immortal. But estate planning is not just about what happens after you die. If you become incapacitated in some way and care not able to make decisions for yourself, you may…
read moreSeptember 21, 2012 Posted In Estate Planning,Firm News,Trust Disputes,Trusts
After a couple has finalized a divorce is always a very good time to review one’s estate plan. Changing beneficiaries and ensuring that any children are properly provided for will make certain that one’s wishes are carried out upon one’s passing. Sometimes this is not always possible, especially if one of the divorcing parties dies…
read moreSeptember 6, 2012 Posted In Firm News,Trust & Will Contests,Trust Disputes,Wills
One of the main reasons people create a will is to specify who should receive their financial assets and other belongings after they die. Among its many other purposes, a will takes the guesswork and emotional battles out of the process of dividing a person’s estate among surviving friends and family members. When you make…
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