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…
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…
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…
