${site.data.firmName}${SEMFirmNameAlt} | Attorneys At Law
Call Us Today
TF 888-575-9349
L 303-647-5099
view our Practice areas

July 2018 Archives

Two trust options that protect an inherited IRA

If an IRA account represents a significant asset, you may want your child to receive it with as few penalties and as many protections as possible when you pass. Estate taxes and income taxes can take a chunk out of an inherited IRA, and if your child has debt issues, an inherited IRA does not have protection from creditors like a traditional IRA does.

Legacy planning can separate control of assets from beneficiaries

A successful business person in Colorado will typically want to pass on wealth to family members. Concerns about the abilities of heirs to run the business, however, could cause someone to look for alternatives to an outright handover of a business upon death. Careful succession planning might assign the management of a business to professionals or key employees. This approach may leave the business in capable hands so that it can continue generating revenue. The management of profits and distribution to heirs could also be placed in the hands of a competent individual or organization.

Defining fairness during estate planning

When people in Ohio think about the future, deciding how to divvy up assets during an estate plan can be an emotionally challenging experience. It might be difficult to determine what kind of asset division makes for a fair distribution, and thoughts of avoiding future conflict among family members can weigh heavily on a person developing a plan. While fairness is a common goal during the estate planning process, it may be defined differently by different people.

Contact Information

Samuel J. Owen, P.C.
350 Indiana Street
Suite 150
Golden, CO 80401

Phone: 303-647-5099
Toll Free: 888-575-9349
Fax: 303-271-0101
Map and Directions

Payment Plans Available

VISA | MasterCard | Discover Network
CBA | Colorado Bar Association | Established in 1897 Denver Bar Association | Since 1891 Nebraska | State Bar Association Naela | National Academy of Elder Law Attorneys, Inc.