Colorado Estate Tax: Do I Need to Worry? We all spend time every year trying our best to minimize our tax liability. Do we also have to worry about taxes on our estate after we pass away or in the event we will be inheriting? The answer will depend
Power of Attorney in Broomfield, CO A power of attorney is a document that enables a person “attorney-in-fact” privileges for another individual. These privileges can be assigned in a manner that is general, or aimed at specific purposes. A common situation requiring the use of a power of attorney
Probate in Colorado Probate is the legal process wherein a deceased person’s property is distributed to their heirs and beneficiaries. Debt that is owed to creditors is also addressed during probate. Typically, a last will and testament is in place to direct these efforts. However, in the instance where
Beneficiary Deeds in Colorado A transfer on death deed (known as a beneficiary deed in Colorado) is a document that allows you to pass ownership of property to an individual or entity without the necessity of probate. In Colorado, this document is defined as “a deed, subject to revocation
How is My Trust Taxed in Colorado? Setting up a trust is a good way to protect your assets or provide for your heirs. For the average person, there are a lot of questions associated with establishing a trust. It can be a complex task and it’s important to
