The Internal Revenue Service (IRS) has announced the federal estate and gift tax limits for 2017, based on inflation. IRS Reveals 2017 Estate and Gift Tax Limits Here’s the breakdown of some of the most significant changes put in place for the coming year: Estate and gift tax exemptions for individuals are set at $5.49 million.…
How Does Colorado Laws Limit the Choice for Executors? Part of developing an estate plan will involve naming an executor (or personal representative) to administer the plans in the future. Understanding the specific requirements for executors, as set forth by Colorado laws, will be important to naming appropriate choices and to minimize your loved one’s…
The death of a loved one can turn your world upside down. While grief can be overwhelming, if one person is ready to take action to prepare the estate for settlement, the following process of transferring the estate to the heirs can be resolved more efficiently. What to Do Following a Death? Take care of…