Affidavit
An Affidavit is a sworn, written statement executed under oath in the presence of a witness or witnesses.
Author Archive for: admin
Entries by admin
Adult
In Colorado, individuals over the age of 18 are legally considered adults.
A/B Trust
The A/B Trust is a type of Revocable Living Trust often used by married couples, wherein two trusts (i.e., trust A, also known as the “marital deduction trust”, and trust B, also known as the “credit shelter trust”) are created upon the death of the first spouse. By distributing the couple’s estate into two trusts when the first spouse dies, each spouse can, in theory, pass the maximum amount of property allowed to avoid federal estate taxes.
Celebrity Estate Planning Disasters
Don’t have a will? Well, don’t feel bad. You’re in good company. Many celebrities have died without an estate plan. Here are just a few with interesting twists. Prince Rogers Nelson (Prince) Prince died on April 21, 2016 and apparently had no will. While the value of Prince’s estate is the subject of speculation, it […]
Common Estate Planning Mistakes
Estate planning mistakes can be expensive and happen to even the most thorough of people. This is a list of common estate planning mistakes we have either seen or gathered from sources. Not having an estate plan. What would be a list of planning mistakes if we did not start with the most obvious and […]
The Best Argument for a Revocable Trust – My Mother
Do you really need a revocable trust estate plan? We have no hard and fast rule on this subject because there are additional upfront costs and then continuing costs of a revocable trust plan. The continuing costs revolve around making sure certain assets are in the revocable trust or made payable to the revocable trust […]
Starting Your Side Gig the Right Way
Thinking about starting a side gig? You are part of a growing trend. Forbes[1], Business News Daily[2], Time[3], and Fast Company[4] have all published articles within the last year discussing success stories and tips for an ever-growing sector of workers who are starting businesses outside of their 9-to-5 job. This work as an independent contractor, […]
The Case Against Estate Tax Repeal
The Trump administration is proposing a complete repeal of the Federal estate tax. The federal government currently levies a tax on all assets owned at time of death. Using federal tax credits, the first $5.49 million in assets are exempt from federal estate tax. In return for being subject to the federal estate tax, all […]
Gap Legal Authority Documents
Protecting Young Adults Before an Emergency Arises Matthew is going to college and living on his own for the first time. Months have been spent planning, applying to schools, and pursuing financial aid. Matthew’s parents made sure that he had a good computer, a credit card for emergencies, and even the special extra-long twin sheets […]
Contracts 101
While we certainly enjoy reviewing a contract before there is a dispute, the reality is that many contracts are not reviewed by legal counsel. For various reasons, people opt to do it themselves. With that in mind, here is a short list of rules to live by and contract clauses to always scrutinize.