Boulder Estate Planning Legal Blog

Over the past several months, the U.S. Congress has been considering tax legislation that could drastically change the face of estate planning. Versions of the Build Back Better bill have included provisions to trigger capital gains tax on a regular basis for assets held in trusts, upon death, and when making a gift. Congress also…

Digital assets have necessitated major changes to estate-planning techniques. Once just a small pocket of the market, the now trillion-dollar-plus crypto market has yielded significant wealth for many individuals and families. For these families, the need to safely secure, transfer, and gift this new type of asset is critically important. Evolving estate planning techniques can…

As a homeowner, you undoubtedly work hard to take good care of your property. This includes things like regular maintenance and repairs. But an often overlooked part of being a responsible homeowner is planning for the future of your property after your death. This includes estate planning. Fortunately, unlike home maintenance and repairs, planning for…

Members of the U.S. Congress recently proposed a striking $3.5 trillion spending plan that, if passed, would be funded largely through a significant tax overhaul. Here is what Colorado residents need to know about the tax increase proposal as it currently stands. Reduction in the Unified Credit Amount Effective in 2022, the current proposal halves…

For many people, discussing end-of-life costs can be uncomfortable and emotionally daunting. However, despite the discomfort, it may elicit, having a secure and legally sound plan can provide individuals and their families with peace and security. Colorado estate planning attorneys can provide families prepare for the costs associated with dying. There are many steps that…

Thoughtful estate planning can help prevent conflict among surviving family members. It can also save families the hassle of Colorado probate court, which can be a costly process involving significant delays in the distribution of assets. Often, a lack of communication is at the root of familial estate-planning conflict. The following examples demonstrate this principle.…

Estate planning is a serious and complex area of the law, and hiring a Colorado estate planning attorney is essential to creating binding and legally sound documents. One misstep in drafting or executing these documents can completely change the intent of a will or trust. Colorado state laws are complex and require a thorough understanding…

Nursing home and other long-term care costs can be extremely high for the people in need of care and their families. Medicaid and other federal programs may help those in need to pay for long-term care costs. In some states, including Colorado, eligibility for Medicaid assistance with nursing home care is dependent on a person’s…

When adults think about the future, it can be difficult to envision where they will be living. For some, they assume they will be staying with a loved one, whereas others save so they can reside in an assisted living facility. There are many long-term care options for seniors as they age—but it may be…

While most people obtain health insurance through an employer, they will lose this coverage once they retire. Thus, as we approach retirement, one of the most important considerations is the availability of long-term healthcare coverage. This coverage is imperative to cover the high costs of medical expenses as we move into the next phase of…