Surprise! You Can’t Easily Disinherit Your Spouse in Colorado

Surprise! You Can’t Easily Disinherit Your Spouse in Colorado

Believe it or not, in Colorado it isn’t easy to disinherit your spouse. But the same is not true for other family members – generally, you can use your estate plan to disinherit your brothers and sisters, your nieces and nephews, or even your very own children and grandchildren. Continue reading

What Documents Do You Need to Find After a Loved One Dies?

What Documents Do You Need to Find After a Loved One Dies?

In Colorado, after a loved one dies, you need to gather the important documents that are necessary to settle their final affairs. While the documents required will vary depending on what your loved one owned and owed. Locating documents is only the first of many steps that need to be taken in the administration of a loves one’s estate. The careful review, collection, payment, and distribution of assets is something that the team at Davis Schiken, PC is happy to discuss and assist you and your family with. Below is a list of common documents you will need to find: Continue reading

Paying for College . . . and Accomplishing Estate Planning Too

Paying for College . . . and Accomplishing Estate Planning Too

With higher education costs outpacing inflation by 5-6% per year, and the average cost of a four-year public school in Colorado at nearly $20,000 per year (double that for private schools) it’s no surprise that many parents and grandparents are deeply concerned about how they will pay for higher education. Many of these clients are similarly concerned about estate planning. Continue reading

Dispelling the Top 3 Estate Planning Myths for Coloradoans

Dispelling the Top 3 Estate Planning Myths for Coloradoans

Like any other complex subject, estate planning has its share of myths and misconceptions. Understanding the top three estate planning myths will help you to create and maintain a plan that will work the way you expect it to work when it’s needed in Colorado. Continue reading

What You Need to Know About the Final Estate Tax Portability Rules

Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. Married Colorado couples need to understand how these final rules may affect their existing estate plans, while recent widows and widowers need to understand how these finals rules may affect their deceased spouse’s estate.
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