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Our Colorado elder law and estate planning lawyers can discuss options for protecting your assets after death. Call us today to learn more.

Why Is Estate Planning Important?

Our Centennial Wills Lawyer Explains the Importance of Estate Planning Life circumstances can change at any moment. You could suffer illness, injury or death with little or no warning. If anything, 2020 was a wake-up call that personal catastrophe could be just around the corner. An estate plan can be beneficial for you and your … Continue reading

Five Asset Protection Tips for 2021

Our Asset Protection Lawyers Can Help With Estate Planning Virtually everyone is excited about 2020 finally being over. As we head away from that disastrous year into 2021, it is important to ensure that our finances and legal affairs are in order. Last year showed us that life can throw curveballs without any warning. Many … Continue reading

How to Set Up a Revocable Living Trust in Colorado

Our Centennial Living Trust Attorney Explains the Basic Steps We recommend making sure you have an estate plan or updating your estate plan if needed due to the current COVID pandemic. A revocable living trust can help settle your affairs when you pass away. Specifically, a revocable living trust lists properties and assets assigned to … Continue reading

Terminating or Contesting a Trust in Colorado

Trusts can help your family avoid Colorado probate court after you pass away or become incapacitated. With a revocable living trust, you can designate which assets to pass along to specific beneficiaries. If you did not establish a trust, then Colorado probate court may determine how your descendants receive assets from your estate. While trusts … Continue reading

You Should Take Care of Estate Planning During the Pandemic

The novel coronavirus continues to spread out of control in the United States and across the world. In the United States, at-risk communities have been hit especially hard. However, the novel coronavirus does not only pose a threat to the elderly and those with chronic health conditions, but also younger demographics. This is especially true … Continue reading

What Are the Best Asset Protection Strategies in Colorado?

Most people, not just the super wealthy, have assets that they would like to protect in the present moment. If you are one of them, then you should take advantage of the asset protection laws in Colorado. In many cases, asset protection strategies can help you protect your assets better than drafting a will. Yet, … Continue reading

What Are the Best Asset Protection Strategies in Colorado?

Most people, not just the super wealthy, have assets that they would like to protect in the present moment. If you are one of them, then you should take advantage of the asset protection laws in Colorado. In many cases, asset protection strategies can help you protect your assets better than drafting a will. Yet, … Continue reading

When Inheriting Property, Consider Your Options

Inheriting property from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be overwhelming, so it is good to carefully think through all of your choices. There are three main options when you inherit property: move in, sell, or … Continue reading

Special Ownership for Married Couples: Tenancy by the Entirety

Married couples have a special way to jointly own property in some states that has advantages over regular joint ownership. If you are married and own property jointly, you should make sure you have the right form of ownership. Joint tenants must have equal ownership interests in the property. If one of the joint tenants … Continue reading

IRS Issues Long-Term Care Premium Deductibility Limits for 2020

The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below) are tax deductible to the extent that they, along with other unreimbursed medical expenses (including Medicare premiums), exceed 10 percent of the … Continue reading