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Colorado Estate Planning
There are many issues to consider when forming a trust through your estate planning. A couple of the more common issues being the trustee of the trust and creditor protection to the beneficiary of a trust are discussed in general below. Trusts create a fiduciary relationship with a trustee to hold property for the benefit...
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What are common estate planning documents?  This may be a common question asked of an estate planning attorney, and it is important for people who are beginning to plan their estate to understand what their options are.  Common estate planning documents could be: – Will and Last Testament – Living Will – Medical Power of...
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The McGuire Law Firm provides a free consultation with a Denver business attorney.  If you own a business or are considering forming a business, we can help you.  From business formation and structure all the way to the sale or purchase of business, and business contracts, a Denver business attorney at The McGuire Law Firm...
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Does a revocable living trust provide asset protection?  In general, no a revocable living trust would not provide asset protection.  If the trust is revocable, and thus the grantor can revoke the trust and reach the assets as they wish, then the grantor could certainly do so for the benefit of their creditors.  The video...
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Most people know what a will and last testament is and that a will is used to state your wishes regarding the disposition of your property.  However, many estate planning attorneys are still asked questions such as:  Who can be in my will?  What are the parties in a will?  What roles need to be...
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Do you need to have an attorney draft your estate planning documents? Estate planning attorneys often see people try to “save money” by purchasing software that allows them to create their own estate planning documents. These same people say that attorneys charge high fees for basic documents just to make money. Though some attorneys may...
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Many people have heard horror stories about the probate process.  Maybe they have heard probate is costly, or maybe it took a very long time for a friend or family member to go through the probate process for a loved one.  Due to these issues and stories, it is common for estate planning attorneys to...
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Estate planning attorneys are likely to receive the question, “what are testamentary assets?”  Many people are aware of the terms will, testamentary and probate.  Further, many people are aware that there are means by which to avoid probate, but they still do not fully understand what a testamentary asset is.  The article below has been...
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Most people have heard the term probate, but a common question asked to an estate planning attorney is, what is probate?  The article below has been drafted by a Denver estate planning attorney in an attempt to provide a short definition of probate. The legal definition of probate would be something like: the legal process...
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As a Denver Estate Planning Attorney,John McGuire looks forward to seeing what law changes Congress will make in the future. The article below discusses inflation figures for 2014. Recently the IRS released Revenue Procedure 2013-35, which notifies practitioners and taxpayers of the inflation-adjusted numbers for 2014. Below, please review a synopsis of the estate planning...
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