Boulder Estate Planning Legal Blog

Are medically unresponsive patients truly unresponsive? A recent article published by the New York Times reviews a study that examined this very question. The study’s results reveal the fact that, in all likelihood, unresponsive individuals with severe brain damage might be more consciously aware than the medical community previously thought. As we discuss in this…

In June 2024, the United States Supreme Court issued an important decision in a case called Connelly v. United States. The decision has huge implications for business owners working on their estate plans, and there are several approaches that businesses can take moving forward in light of the decision. Because the decision itself is technical,…

When you begin your estate planning process, you begin to learn about the wide array of tools available to estate planners. As we so often tell our clients, every person is different, so every estate plan is necessarily different. The way you formulate your estate plan will depend on your personal goals, and your Boulder…

If you have an Individual Retirement Account (IRA), you will be subject to required minimum distributions (RMDs) when you turn 73. By definition, an RMD is an amount of money that the IRS requires you to withdraw from your IRA once you reach the age of 73. The exact amount depends on every person and…

In drafting an estate plan, one tool available to clients is to create a trust. When you decide to create a trust, you essentially set up your assets to be managed by a third party (i.e., the “trustee”). The trustee’s job is to distribute the trust’s assets in a way that aligns with your stated…

In the past few months, several clients have approached us to ask about the new reporting requirements under the Corporate Transparency Act. The Act (commonly referred to as the CTA) introduced a new set of obligations earlier this year, and companies will start to have to figure out how to comply with these regulations in…

The link between wealth management and tax-related services is strong and growing stronger every year. For those who are either building an estate plan, making decisions about yearly gifts, establishing trusts, or partaking in special needs planning, it can be crucial to think about how yearly taxes will change based on the structure of your…

In a March 1, 2024 ruling, the U.S. District Court for the District of Alabama deemed the Corporate Transparency Act (CTA) unconstitutional. In the wake of this decision, small business owners are asking how the ruling will affect their businesses and how they should move forward in alignment with the ruling. On today’s blog post,…

The world of estate planning is a complicated one, and the sheer number of tools available to those creating, enforcing, and challenging a will or trust can be overwhelming. One of the goals of this blog is to break down some of these tools for you, so that you can go into your own estate…

Do you have a 2024 resolution? Have you thought through this year’s goals and priorities? The best place to start could be a place you hadn’t considered: estate planning. Time and time again, we speak with clients and prospective clients that put off estate planning for the “later” stages of their lives. Because their circumstances…