Posts Tagged ‘Colorado Estate Planning’

Avoiding Family Feuds Over Personal Property

By Douglas A. Turner, Esq. • Apr 8th, 2008 • Category: Estate Planning & Colorado Probate

Almost always, the death of a parent causes some sibling issues to bubble to the surface. In most families, the issues are dealt with, ignored, or siblings go on with their lives without a fuss. On occasion, those issues explode into litigation. So what is the fuse that ignites the explosion? Personal property.



Bond

By DouglasTurner.com • Feb 9th, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

A bond is a type of insurance policy that guarantees that a legal representative will carry out his duties. Should the legal representative fail to perform as specified in the contract, the bond guarantees that a certain amount of money be paid to the injured party.



Bequest

By Douglas A. Turner, Esq. • Feb 9th, 2008 • Category: Estate Planning in Colorado: Glossary of Terms

Bequest is an old legal term that basically means to give a gift, or to bestow property, as designated in the terms of a will.



Disposition of Last Remains

By Douglas A. Turner, Esq. • Jun 4th, 2007 • Category: Estate Planning & Colorado Probate

Well, times have changed since I first wrote about the disposition of dead bodies. It used to be that an individual could not control what happened to his or her body after death. Well, that has changed.
Colorado’s Disposition of Last Remains Act
Several years ago, Colorado enacted the Disposition of Last Remains Act. In Colorado, [...]



Is Your 1990’s Tax Planning Will Going To Cost Your Spouse Thousands?

By Douglas A. Turner, Esq. • Jun 4th, 2007 • Category: Estate Planning & Colorado Probate

Many tax planning wills and trusts have a little secret hidden deep down inside – the up front expense of long-term estate tax planning. There is a cost to a will or revocable trust that creates irrevocable, tax planning trusts at death. A person should always review that plan and ask himself or [...]



Decoupling: A Dirty Little Estate Tax Secret

By Douglas A. Turner, Esq. • Jun 4th, 2007 • Category: Estate Planning & Colorado Probate

Hurray! The federal estate tax exemption is 1.5 million this year. Hurray! A married couple with a tax planning estate plan can shelter up to 3 million from federal estate tax. Hurray! The federal exemption will go even higher in the year 2009. But … what about STATE estate [...]