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Posts tagged "Estate Planning And Probate"

Preparing your heirs for their big IRA windfalls

Millennials in Colorado are finally in for a big payoff. It is perhaps convenient to forget, but this generation survived the Great Recession of 2008, are struggling with heavy student loan debt and then face immense criticism for their resulting inability to purchase a home as quickly as their predecessors. However, their big day is finally coming. According to a CNBC article, the greatest wealth transfer in history is about to take place. It will pass $68 trillion on from baby boomers to Generations X, Y and Z.

Watch out for estate fights with stepmothers

It is not unusual for a parent in Colorado to remarry after the initial marriage ends. However, when parents remarry, it adds a new party to the list of beneficiaries. This may negatively affect surviving children in the event of their parents’ death. In fact, one attorney writing for Forbes noted that 50% of the cases of inheritance disputes at his firm involved stepmothers.  

What does a medical directive cover?

No matter what age you are, it is important to think about your wishes related to health care and medical treatments. In Colorado, state law allows you to refuse or consent to medical treatments. However, some injuries and sicknesses may make it difficult or impossible for you to communicate your medical preferences to your doctor and/or family members. A medical directive gives your caregivers and medical staff clear directions relating to your care.

Martindale Hubbell AV Preeminent - Peer Rated for Highest Level of Professional Excellence – High Ethical Standing The national top 100 trial Lawyers Lead counsel rated
Clifford Lee Beem
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Best Attorneys of America - 2018 member
5280 magazine - Top Attorneys in colorado American board of trial advocates CTLA-colorado trial lawyers association CBA - colorado bar association The National Trial Lawyers

*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the judiciary. Martindale-Hubbell ratings fall into two categories - legal ability and general ethical standards.

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