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Latest Blog Post/Relevant News Updates

Who must file a Beneficial Ownership Information Report?

A Beneficial Ownership Information Report (BOIR) Must be Filed by the End of 2024 by Most Small Business. Failure to Comply Could Result in Substantial Penalties. See if this applies to you. Following the enactment of the Corporate Transparency Act (CTA) in 2024,...

Understanding ILITs: Irrevocable Life Insurance Trusts

A Strategy to Protect Your Assets When planning for the future, ensuring your loved ones are taken care of is paramount. One aspect of estate planning that often goes overlooked is the impact of life insurance policies on estate taxes. Many individuals are unaware...

What can be done with a Facebook account when someone passes away

When someone passes away, Facebook offers options for managing their account. Here's an overview of Facebook's policies and procedures for handling accounts of deceased users: Memorialization: Facebook allows accounts to be memorialized after the user passes away....

New Choices for Disposition in Colorado

New Choices for Disposition in Colorado The typical Disposition of Final Remains form in Colorado includes as the primary item, the choice for the declarant to have their body either buried, cremated, entombed or “other.” And while burial, cremation or entombment...

How does a Domestic Asset Protection Trust work?

A Domestic Asset Protection Trust (DAPT) is designed to protect assets in the event a person is sued or files for bankruptcy. 11 states have statutes authorizing the use of DAPTs: Alaska, Delaware, Hawaii, Michigan, Mississippi, Missouri, Nevada, New Hampshire, Ohio,...

What Every Healthcare Power of Attorney Needs to Know

Consider using this checklist as a starting point for thinking about what you would want your designated health care agent to know if they need to act to make decisions on your behalf. This is an evolving conversation and you are encouraged to discuss this...

Why Estate Planning is a Must for Blended Families

Blended families face unique estate planning challenges. If you and your spouse have children from prior relationships, each of you may have different plans for your respective care if either of you becomes incapacitated or how you want your assets to be used to...

Colorado End-of-Life Options Act

The Colorado End-of-Life Options Act (PDF file) authorizes medical aid in dying and allows a terminally ill adult to end his or her life in a peaceful manner. The patient must meet several requirements, including: A prognosis of six months or less Mental capacity to...

The 3 Reasons You Should Have an Irrevocable Trust

Irrevocable Trusts are an invaluable tool, but only appropriate in limited circumstances.  For more information, see https://www.kiplinger.com/retirement/estate-planning/601127/the-only-3-reasons-you-should-have-an-irrevocable-trust

Why Your Parent Needs a POA

A power of attorney (POA) is an important element of planning for your elderly parent’s future. It allows another person to take care of your parent’s affairs, ensuring bills get paid and medical decisions can be made in the unfortunate circumstance that your elderly...

Proposed Tax Law Changes and Their Impact on Estate Planning

As of this writing, Democrats in Congress are negotiating the so-called Build Back Better bill. Utilizing their bare majority, Senate Democrats hope to pass the legislation via the reconciliation process, relying solely on the votes of the fifty Democratic senators....

Capital Gains and Gifting: Where Are We Now and Where Are We Going?

Gifting – where are we now and where are we headed
With the current high federal estate tax exemption, the focus has been on how to strategically and effectively reduce capital gains tax liability. Although these strategies may eventually need to change given new proposals by the Biden administration, there are several important rules regarding capital gains taxes that currently apply to gifts made during a client’s life or at death that will be explained here.

““Frieda made the process of estate planning feel personal, while still maintaining a professional environment. She is extremely knowledgeable. She answered all of my questions and raised points I had not considered, without making me feel overwhelmed. I can’t recommend her highly enough.””
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