Blog Posts in 2013
Posted on Oct 30, 2013 By Steven R. Owens
Think for a few moments about what would happen if you suddenly became incapacitated or died. Would your spouse or family know what to do? Would they know where to find important records, assets and ...
Continue reading "Organize Information for Your Family" »
Posted on Oct 25, 2013 By Steven R. Owens
There may be people close to you (spouse, parents, children) who are practicing financial behaviors that are unproductive or destructive. You want to help them get back on track, but you don't ...
Continue reading "Strategies for Those Awkward Financial Discussions" »
Posted on Oct 21, 2013 By Steven R. Owens
If you are part of the baby boomer generation (born between 1946 and 1964), you may also find that you are a member of the sandwich generation, with responsibilities to both your parents (now or in ...
Continue reading "Providing for Your Parents in Your Estate Plan" »
Posted on Oct 18, 2013 By Steven R. Owens
While it is always a good idea for taxpayers to meet with their tax professionals prior to year-end, this year it is more important than ever that our business owner and higher income clients meet ...
Continue reading "Higher Income Earners Need To Meet With Income Tax Professionals Now" »
Posted on Oct 17, 2013 By Steven R. Owens
It will probably cost more initially to set up a well-drafted living trust than to have a will prepared. A true cost comparison should include not only the expense to establish the will or trust, but ...
Continue reading "Why Does a Living Trust Cost More Than a Will?" »
Posted on Oct 9, 2013 By Steven R. Owens
You've made the hard decisions, your documents are signed, your trust is funded, a business succession plan is in place. Congratulations, you've finished your estate planning. But have you, ...
Continue reading "How to Make a Family Meeting A Successful Part of the Estate Planning Process" »
Posted on Sep 3, 2013 By Arapahoe County Estate Planning Attorney
If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually someone will need to step in for you when you are ...
Continue reading "Who Should Be Your Successor Trustee?" »
Posted on Aug 27, 2013 By Arapahoe County Estate Planning Attorney
IRAs are among the largest assets inherited by heirs and beneficiaries. These accounts have been able to grow to such large amounts because income taxes are deferred until the owner begins to take ...
Continue reading "What to Do with an Inherited IRA" »
Posted on Aug 20, 2013 By Arapahoe County Estate Planning Attorney
All too often, estate planning is viewed as a transaction: a will, a living trust, powers of attorney, etc. But the best planning happens when the professional can get to know the client on a deeper ...
Continue reading "The Value of Having a "Plan" in Estate Planning" »
Posted on Aug 13, 2013 By Law Office of Steven R. Owens
Not many parents like to talk to their children about their wealth. How much money people have is usually considered a private matter, something it's not polite to talk about. But not talking to ...
Continue reading "What and When Should You Tell Your Children About Their Inheritance?" »
Posted on Jul 18, 2013 By Steven R. Owens
For many people, passing along knowledge of their religious beliefs and values to the next generation is just as important as passing along financial wealth and tangible assets. Estate planning ...
Continue reading "Incorporating Your Unique Faith and Values in Estate Planning" »
Posted on Jul 16, 2013 By Steven R. Owens
When considering how to leave assets to adult children, the first step is to decide how much each one should receive. Most parents want to treat their children fairly, but this doesn't necessarily ...
Continue reading "How to Leave Assets to Adult Children" »
Posted on Jul 11, 2013 By Steven R. Owens
When we create an estate plan for a client who has a child with special needs, whether it be a minor need or a significant disability, we always integrate a "parental substitute system," ...
Continue reading "The importance of a Letter of Intent for special needs planning" »
Posted on Jul 9, 2013 By Steven R. Owens
Many wartime veterans (any veteran who served even one day during a time of war) and their surviving spouses are currently receiving long-term care or will need some type of long-term care in the near ...
Continue reading "VA Benefits For Long-Term Care of Veterans and Their Surviving Spouses" »
Posted on Jul 2, 2013 By Steven R. Owens
With the Fourth of July and other summer vacations coming up for many of us, most of us create a "to-do list" of things we have put off and want to take care of before we leave. Here is a ...
Continue reading "8 Estate Planning Things to Do Before You Travel" »
Posted on Jun 19, 2013 By Steven R. Owens
At our firm, we make it a priority to keep our clients informed and up to date on legal issues that are relevant to them. We aim to use this blog to provide useful knowledge and resources regarding ...
Continue reading "Welcome to The Law Office of Steven R. Owens, P.C. Blog" »