Boulder Estate Planning Legal Blog

Did you know that when you die, the federal government can impose a tax on your estate before your beneficiaries inherit your assets? In our line of work, we often hear rumors about how the government will raise or lower this estate tax, which can lead to uncertainty regarding how to best structure an estate…

If you have children, you understand how important it is to save for your child’s long-term future. You want to set your kids up for success, and it is only natural to want to use best tools to help you achieve that goal. In this vein, there are three popular options that could help you…

Every year, the Internal Revenue Service (IRS) announces new limits for the gift tax exclusion, the lifetime gift and estate tax exemption, and the limit on gifts to a non-US citizen spouse. Each change brings a shift in how those with higher net worths can achieve their financial goals. Many of our clients, for example,…

At Braverman Law Group, we have seen our fair share of changes to the city of Boulder over the years that we have been in business. Our firm is located in Boulder Valley, home of the live mascot Ralphie the Buffalo and the University of Colorado. We are proud to be a part of the…

Receiving a dementia diagnosis can be incredibly disheartening. At Braverman Law Group, we understand how frustrating it feels to receive disappointing medical news, and we always encourage any clients in this situation to spend as much time as possible with their friends and family. On the legal side of things, we also encourage our clients…

Are medically unresponsive patients truly unresponsive? A recent article published by the New York Times reviews a study that examined this very question. The study’s results reveal the fact that, in all likelihood, unresponsive individuals with severe brain damage might be more consciously aware than the medical community previously thought. As we discuss in this…

In June 2024, the United States Supreme Court issued an important decision in a case called Connelly v. United States. The decision has huge implications for business owners working on their estate plans, and there are several approaches that businesses can take moving forward in light of the decision. Because the decision itself is technical,…

When you begin your estate planning process, you begin to learn about the wide array of tools available to estate planners. As we so often tell our clients, every person is different, so every estate plan is necessarily different. The way you formulate your estate plan will depend on your personal goals, and your Boulder…

If you have an Individual Retirement Account (IRA), you will be subject to required minimum distributions (RMDs) when you turn 73. By definition, an RMD is an amount of money that the IRS requires you to withdraw from your IRA once you reach the age of 73. The exact amount depends on every person and…

In drafting an estate plan, one tool available to clients is to create a trust. When you decide to create a trust, you essentially set up your assets to be managed by a third party (i.e., the “trustee”). The trustee’s job is to distribute the trust’s assets in a way that aligns with your stated…