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Do you really need a will? You May Not Think You Need a Will, But You Really Do.

Most Americans do not have a simple will as part of their estate plan. You might believe that a will is only for the rich and famous, and not the average person who has a far smaller net worth. On the ...
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Wills vs. Trusts: A Quick & Simple Reference Guide

Confused about the differences between wills and trusts? If so, you're not alone. While it's always wise to contact experts like us, it's also important to understand the basics. ...
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Seeing an Estate Planner? Three Key Questions to Ask

Hiring an estate planner is an important decision as you are seeking advice on how to protect your loved ones once you are gone. For this reason, it is critical to hire an attorney with a good ...
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Did you or a loved one make any of these five critical estate planning mistakes?

Sadly, most Americans are indifferent to estate planning - at best - or completely ignore the issue - at worst. When it comes to estate planning, however, there are just some mistakes that you cannot ...
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Three Tips for Protecting Your Important Legal Paperwork in a Natural Disaster

The year 2018 has been no stranger to natural disasters. From multiple earthquakes, back-to-back hurricanes, and raging wildfires, the United States and abroad has suffered some serious natural ...
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How to Manage Your Basis "Step Up"

If you or someone you know has received an inheritance, it is important for you to understand how to manage your basis “step up.” A “step up” in basis is the adjustment of the ...
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How is a corporate trustee different?

In its simplest terms, a trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. The trustee owns the assets, enters into contracts on ...
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3 Liability Planning Tips for Physicians

You probably know that the practice of medicine is a profession fraught with the risk of liability. It's not just medical malpractice claims either (although those are certainly scary enough). ...
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How to Pick a Trustee, Executor, and Agent Under a Power of Attorney

While the term fiduciary is a legal term with a rich history, it very generally means someone who is legally obligated to act in another person’s best interests. Trustees, executors, and agents ...
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Do It Now: Name a Guardian for Your Minor Child(ren)

We know it’s hard. Thinking about someone else raising your children can stop you in your tracks. It feels crushing and too horrific to consider. But you must. If you don’t, a stranger ...
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5 Tips for Successfully Receiving an Inheritance

If you recently received an inheritance, or are expecting to receive one in the near future, it has likely triggered mixed emotions in you. You have lost a loved one and also experienced monetary ...
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Passing Along a Benefit, Not a Burden

Why Incapacity Planning for Business Owners is an Indispensable Component of Your Plan Most business owners have their estate planning prepared because they are worried about what will happen to their ...
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What to Do with Your Beloved Collection

Whether your beloved collection consists of artwork, books, cars, music, or other significant items, you should not forget about this valuable asset when estate planning. You have likely spent quite ...
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Do your Parents have an Estate Plan?

If you find yourself in the “sandwich generation” (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have ...
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Why Joint Tenancy Should Not Be the Go-To Plan for Newlyweds

If you are recently married or have been married and are acquiring additional assets, know that you have options when it comes to how the property will be titled. And, although joint tenancy seems ...
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10 Types of Trusts: A Quick Look

Considering the myriad of trusts available, creating an estate plan that works can seem daunting. However, that’s what we, as estate planning attorneys, do every day. We know the laws and will ...
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Your Fall "Legal Affairs" Checklist

With the fall season approaching, it’s an excellent time to review your affairs. Below is a checklist to ensure your planning meets your needs and is up to date: 1. When was your power of ...
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Three Liability Planning Tips for Physicians Anyone Can Use

Tip #1 – Insurance is the First Line of Defense Against Liability Liability insurance is the first line of defense against a claim. Liability insurance provides a source of funds to pay legal ...
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What Documents Do You Need to Find After a Loved One Dies?

What Documents Do You Need to Find After a Loved One Dies? After a loved one dies, you need to gather the important documents that are necessary to settle their final affairs. While the documents ...
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Three Estate Planning Mistakes Farmers and Ranchers Make and How to Avoid Them

Three Estate Planning Mistakes Farmers and Ranchers Make and How to Avoid Them Farming or ranching is more than a means of livelihood – it is about preserving a legacy and unique way of life. ...
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Supreme Court Decision on Same-Sex Marriages

On June 26, 2015 the United States Supreme Court issued its opinion in Obergefell v. Hodges, the name assigned to a series of consolidated cases on same-sex marriage rights. The Court ruled 5-4, ...
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Learning from Your Mistakes Can Become Your Teaching Moment

Learning from Your Mistakes Can Become Your Teaching Moment Everyone makes financial mistakes. The key is to learn from them, try not to repeat them and then pass on this hard-earned wisdom to your ...
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Who Needs an Estate Plan?

If you're reading this, you need an estate plan. Why? The short answer is "Everyone, age 18 and older needs an estate plan." It doesn't matter if you are old or young, if you have ...
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What if Treating Your Children Fairly Means Unequal Inheritances?

When planning their estate, most parents express the desire to treat their children equally out of a sense of fairness. However, sometimes being fair or doing what's right by your children may not ...
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Three Social Security Traps

What you don't know about Social Security benefits can hurt you and your spouse for the rest of your lives. Here are three traps to avoid when taking your benefits. The Key Takeaways The longer ...
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The Law Office of Steven R. Owens, P.C. - Greenwood Village Estate Planning Lawyer
6041 South Syracuse Way, Suite 103
Greenwood Village, CO 80111
Phone: (720) 529-9800
Website:
Probate.com