Jeffrey CohenCo-Author: Mara B. Peterson, Esq. As you and your family plan for the future, it’s crucial to consider how your estate plan will affect not just you, but your children and future generations. Intergenerational estate planning helps ensure your legacy is protected, your wishes are clearly communicated, and your family is better prepared for the … Continue Reading
Understanding Tax Implications During Divorce Co-Author: Gregg Greenstein, Esq. If you are going through a divorce or separation, taxes may be the last thing on your mind. However, poor tax planning during this process can lead to huge headaches down the road. We have experience helping clients navigate the potential tax pitfalls that can negatively impact their marital … Continue Reading
Tax Implications for Life Insurance in Business Succession Planning Co-Author: Blake S. Gabriel The recent Supreme Court decision in Connelly v. United States, has introduced significant legal and tax considerations for business owners involved in succession and estate planning using life insurance policies. The Court’s ruling determined that a company-held life insurance policy on a … Continue Reading
Co-Author: Mara B. Peterson, Esq. The fall is a very exciting time with children preparing to go off to college. As part of back-to-school preparations, it is important for young adults to understand what legal documents they should have in place before heading off to college or out into the world. Under Colorado law, once … Continue Reading
Co-Author: Mara B. Peterson, Esq. Using Revocable Trusts and Limited Liability Companies in Estate Planning If you are someone who owns real estate, particularly if your properties are used for rental purposes, there are many important legal and tax considerations for these properties in an estate planning context. Without proper estate planning, these assets could … Continue Reading
Whether you are starting a new business or have a well-established one already in place, it is important to have experienced legal and tax counsel to provide ongoing guidance and advice. Business issues and legal documents can be confusing. Having a good attorney and the right legal documents in place can go a long way … Continue Reading
Under Colorado law, your child becomes a legal adult at age 18. Parents who still think of themselves as protectors and advisers, even after their children become legal adults, often do not consider the real-world implications of that milestone birthday. It is important, as parents, that you understand what legal documents your adult child should … Continue Reading
Hopefully you never receive a dreaded IRS tax notice in the mail. IRS tax notices can be hard to interpret and even harder to know how to resolve. This is where we can help. We have over 20 years of experience dealing with the IRS and we can work with the IRS on your behalf … Continue Reading
IRS Audits: The Probability and How to Survive One Fortunately, most taxpayers will never have to deal with the feared IRS audit (also called an examination). Historically, less than 1 percent of all individual tax returns are selected for audit each year. However, the likelihood of an audit increases based on several factors, including the … Continue Reading
An important part of estate planning that is often overlooked is the creation of an “Important Information and Documents” folder. This may be either a physical or digital folder, and it should contain your important information and documents, that is, the items your loved ones would need if something were to happen to you. Organizing … Continue Reading
