Estate Planning

In a number of our posts, we have highlighted how people who take time to create and revise their estate plans can save a great deal of money in state and federal estate taxes. While this may be applicable to those who have estates in excess of $5 million or more, the majority of our readers may not be so…Read More

It’s a generally accepted fact that women tend to live longer than men do. Women who marry older men are even more likely to outlive their husbands. This often means that women must be financially and mentally prepared to spend a number of years on their own. While you should not assume that your husband will predecease you, are you…Read More

Have you had “the talk” with your adult children? You know…the one where you discuss what will happen after you are gone. For many, talking about death is very difficult, if not impossible. For many families, discussing money and inheritances is even more difficult. Why to start the conversation Many parents avoid discussing family wealth for a number of reasons:…Read More

A common misconception in Colorado and across the nation is that young people do not need to worry about planning what happens to their estate until they are older. In fact, this could not be further from the truth. A recent report from USA Today states that 58 percent of adults in America have no will or trust in place, and among…Read More

The central purpose for estate planning generally is to declare your intent about certain matters while you have the present ability. Planning for the disposition of property in a manner that avoids unnecessary expense and conflict may be thought to be the primary purpose for estate planning. This is so because everyone knows about the inevitability of death and taxes.…Read More

Have you been patting yourself on the back because you have an estate plan? It feels good knowing that you have done all you can to prepare for what is to come. As a part of your comprehensive estate plan, your attorney probably explained the importance of completing your beneficiary designations on life insurance policies, bank accounts, pension plans and…Read More

Payable on death (POD) and transfer on death (TOD) accounts are very similar, except that PODs are accounts set up with a bank, while TODs are set up with a brokerage. They both cause assets to sidestep the probate process and pass proceeds directly to the individuals you name in those accounts. What are the advantages of using a POD…Read More

Summer in Colorado is something special. Humidity is lower than other states, the sunshine is powerful and plentiful, and our evenings are comfortable and serene. Perfect conditions, then, to chart a financial future for the people you love. The Hughes Law Firm, P.C., is conducting the following educational seminars, which will help you prepare for the future. Wills And Trusts 101:…Read More

Organizing your estate and drafting a will are excellent ways to guarantee that your property gets to the desired parties upon your death. However, failure to include critical details or pay attention to articulation can leave your family members squabbling and bitter. Fortunately, with proper planning, you can help prevent unnecessary inheritance disputes. The Huffington Post suggests some proactive steps you can…Read More

Roger Moore died this week at age 89, in the Swiss Alps that he loved. To many, he was the best James Bond of them all — confident in the face of every danger. Even James Bond required preplanning In the opening sequence of The Spy Who Loved Me, Moore is being chased by a host of gun-wielding Russian henchmen.…Read More