Estate planning basics

On May 31, 2013

Colorado residents who do not have estate planning documents set up are leaving decisions like where their assets will go and who will take care of their children to the state that they live in. Many people feel that estate planning is something only the rich need to worry about, but it is important for individuals of all income levels. By setting up a few basic documents, most people can ensure that their family does not have to deal with…
Read More

Estate planning

On May 24, 2013

The exemption for estate tax is $5.25 million, so some people with smaller estates may not believe that they have to worry about estate planning. However, Colorado middle-class earners must still be concerned with other estate planning matters besides the estate tax, including drafting a valid will. There are also a number of other estate planning matters for individuals to consider. One legal consideration that a person may need regardless of his or her income is a power of attorney….
Read More

Estate Planning and Auto Repair

On May 22, 2013

Going to an Estate Planning Attorney is similar to going to an auto mechanic.  If you took your car to a mechanic and he said we have this great special.  A complete automotive repair package just sign here and get 50% off our normal price, before even asking what you came in for you would think twice before entrusting your car to them. It would be a good thing if that was exactly what you needed. The rest of us would like to…
Read More

Estate Planning for Digital Assets

On May 17, 2013

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 bill since last summer. The proposed legislation in Pennsylvania illustrates how the law and society in general have not kept pace with digital accounts as…
Read More

Estate planning important even for young adults

On May 9, 2013

A number of young adults in Colorado still depend on their parents to help them out if they have a medical or financial emergency. However, once someone reaches the age of 18, their parents no longer have access to their medical records or any ability to make healthcare choices for them if they are not able to do so on their own. This is why even young people should have certain estate planning documents drawn up. The most important legal…
Read More

A good estate plan can provide a family with a legal safety net

On May 4, 2013

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 advises filling out beneficiary designation forms and drawing up a will. This can ensure that the deceased’s estate, commonly known as the person’s assets and…
Read More