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July 10, 2013 Posted In Estate Planning
by Justin Blow
Even though surveys say that the majority of Americans believe that estate planning is essential, the reality is that most people fail to plan. Unfortunately, this strategy leaves many estates up to chance. Dying intestate, or without a will, creates a tremendous amount of uncertainty. Instead of loved ones receiving the decedent’s money and heirlooms,…
read moreJuly 5, 2013 Posted In Estate Planning,Firm News,Wills
by Justin Blow
It becomes difficult to hear that Mom or Dad died but did not have time to do Estate Planning yet. Each time the loved one who has passed did not have to spend anything to put together a Will or Trust so they saved money. Now their spouse, kids or grand kids are paying the…
read moreJune 28, 2013 Posted In Asset Protection,Estate Planning,Estate Taxes,Trusts,Wills
by Justin Blow
Some Colorado residents may have common misconceptions about what an estate is in legal terms and whether estate planning is necessary. Most people have estates, whether they know it or not: Even a child who inherited his or her grandmother’s heirloom ring or who has a savings account has an estate. If people own something…
read moreJune 14, 2013 Posted In Estate Planning,Estate Taxes,Firm News
by Justin Blow
The changes to the United States tax laws in 2012 have ramifications on estate plans. Colorado residents should consider the consequences that the tax laws will have on their individual estate planning. The goal of estate planning is to preserve assets, and the tax implications of the new laws create estate planning concerns. The 2012…
read moreMay 31, 2013 Posted In Estate Planning,Trusts,Wills
by Justin Blow
Colorado residents who do not have estate planning documents set up are leaving decisions up to the state. Example, where their assets will go and who will take care of their children. Many people feel that estate planning is something only the rich need to worry about, but it is important for individuals of all…
read moreMay 17, 2013 Posted In Asset Protection,Estate Planning
by Justin Blow
Residents of Colorado may have heard of pioneering legislation considered by the Pennsylvania legislature last year. House Bill 5580 would have allowed a person to access another person’s email or social media accounts with permission of the account holder. The bill was referred to the Judiciary Committee and no progress has been made on the…
read moreMay 4, 2013 Posted In Estate Planning,Estate Taxes,Wills
by Justin Blow
By drafting a common document, namely an estate plan, families in Colorado can prevent major headaches when a loved one dies. A recent New York Times article discusses the fact that most families fall well below the financial threshold for paying an estate tax. Even for families that may not be considered wealthy, the article…
read moreApril 19, 2013 Posted In Estate Planning,Powers of Attorney,Trusts,Wills
by Justin Blow
Colorado residents expecting to retire in the next year should start planning for it. Retirement is something many individuals spend much of their lives looking forward to, but for people to be able to enjoy it, they should prepare accordingly. To ensure that retirement is relatively free of stress and that one’s future is taken…
read moreApril 5, 2013 Posted In Estate Planning
by Justin Blow
Many who live in Colorado feel that they do not need to worry about having a will. Most think they do not have enough money or are too young to need to think about estate planning. However, estate planning is essential, and people who already have documents in place should also be sure to review…
read moreMarch 21, 2013 Posted In Estate Planning,Estate Taxes,Firm News
by Justin Blow
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 27, 2013 Posted In Estate Planning
by Justin Blow
There are many reasons why Coloradoans fail to adequately plan for the end of their lives, chief among them being the topic of death. If you’re skittish when it comes to talking about what will happen when you die, chances are good that you don’t have an estate plan in place. Or perhaps you have…
read moreFebruary 14, 2013 Posted In Estate Planning,Firm News,Probate, Estate, & Trust Administration,Trust Administration
by Justin Blow
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…
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