Articles Posted in Taxation

Estate planning attorneys see the same pattern again and again. A client arrives with a will that does not match the asset titles, beneficiary designations that were never updated after life events, and a “trust” that exists only as a binder on a shelf. Braverman Law Group works with Boulder Estate Planning Lawyers Serving Colorado…

Federal legislation lifting the estate tax exemption to fifteen million dollars per person in 2026 changes the framework that Colorado families and their advisors rely on. Many anticipated a return to a lower threshold when earlier provisions expired, yet Congress moved in the opposite direction. The most direct consequence appears simple: far fewer estates will…

You have less than twelve months to lock in today’s record-high federal estate-tax exemption. After December 31, 2025, the amount you can pass to loved ones free of the 40 percent estate tax is scheduled to fall by roughly half—from $13.61 million per person in 2024 to somewhere between $6 million and $7 million on…

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…

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,…

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…

The link between wealth management and tax-related services is strong and growing stronger every year. For those who are either building an estate plan, making decisions about yearly gifts, establishing trusts, or partaking in special needs planning, it can be crucial to think about how yearly taxes will change based on the structure of your…

Do you have a 2024 resolution? Have you thought through this year’s goals and priorities? The best place to start could be a place you hadn’t considered: estate planning. Time and time again, we speak with clients and prospective clients that put off estate planning for the “later” stages of their lives. Because their circumstances…

As inflation has risen, many Americans are all too familiar with the increased cost of living. However, one overlooked effect of inflation is the rate at which estates and gifts are taxed. Estate taxes, gift taxes, and the valuation of real property in a decedent’s estate can all depend on IRS adjustments for inflation. As…

In 2017, the US Congress passed a bill known as the Tax Cuts and Jobs Act, which was signed by the President and has since become law. The Act modifies the tax code in various ways, generally reducing the amount of taxes that American business owners are required to pay annually. Part of the Act…