Denver Estate Planning and Probate Attorney
Securing Your Family's Future By Serving Steamboat Springs, Vail, and
Are you concerned about securing you and your loved ones' future? Many
people believe that because they are in good health with enough financial
means to be comfortable that there is no hurry to plan for their estate.
No one knows what may be right around the corner, however, and unfortunately
that could include your own incapacitation or untimely death. If you want
to know how you can secure your future, Feldmann Nagel, LLC today is here
to help you understand your options.
Questions about estate planning or probate?
Contact us for a personalized case review.
What Is Estate Planning?
Estate planning is planning for what happens to your assets and, in some
cases, how family members would be cared for, after your death. This process
might include deciding who would be guardian for your children, establishing
trusts for to ensure the support of your children, and assessing the potential
impact of estate taxes on your estate.
A comprehensive estate plan also includes planning for your assets and
your personal care during your life. You may benefit by considering income
tax and gift tax planning, charitable giving, orderly transfer of a family
business, and instructions regarding your medical care in the event of
a disability. The major estate planning documents are wills, trusts, living
wills/advance medical directives, anatomical gifts, and medical and financial
powers of attorney. We can also assist with:
Nonprofits - We advise clients on the formation and governance of a variety of nonprofit
organizations including charitable organizations, real estate boards,
Chambers of Commerce, recreational clubs, churches, schools, hospitals,
and community foundations. We are able to help an organization obtain
and maintain tax-exempt status, establish charitable giving programs,
and address state and local tax issues.
Wealth Transfer - Effective planning to transfer wealth involves the selection and application
of strategies to minimize estate taxes. It also provides an opportunity
to convey a legacy of a family's values through philanthropic objectives
and charitable gifting. We will work with you to understand your family
dynamics and to clarify your intentions about how and when to transfer
wealth to your children and grandchildren. Our team, which includes two
attorney/CPAs, has the technical expertise to guide you through this important process.
We encourage our clients to periodically review their current estate plan.
The laws affecting estate taxes change frequently, and your personal,
financial, marital, family, and business circumstances may have changed as well.
What is Probate?
Probate includes the process in which a personal representative is appointed
to collect property, ensure debts and taxes are paid, and distribute the
assets of a decedent's estate following that person's death. Distributions
are made according to the will, if a valid will exists, or by state law
if no will exists (through the law of intestate succession). The probate
process typically lasts six months to one year. The probate process has
been simplified in Colorado with the adoption of the Uniform Probate Code
and may usually be done in an "informal" process.
Clients seek our assistance to help them navigate trust and estate disputes,
probate litigation, will contests, inheritance issues arising from common
law marriages, issues related to lack of capacity to write a will, wills,
trusts or gifts created under undue influence, fraud or mistake. We work
with our clients to protect beneficiary rights, provide representation
of Personal Representatives (formerly called "Executors") and
representation of other fiduciaries.
An ancillary (out of state) proceeding is one in which a personal representative
appointed in another state seeks to have his or her Letters Testamentary
recorded in Colorado so that the personal representative may conduct the
estate's business in Colorado. A common example of when this process
occurs in Colorado is when a person appointed as personal representative
in another state needs to sell a vacation home in the mountains that now
belongs to the decedent's estate.
Contact Our Firm to Discuss Your Case
Our attorneys, with decades of expertise, are well-positioned to insure
that your personal matters and financial affairs are appropriately handled
and structured. By choosing our firm, you can rest assured that all that
is possible will be done to see that your wishes are followed.
For assistance in all aspects of planning for your future,
contact a Denver attorney
at Feldmann Nagel, LLC immediately.