Colorado Estate Planning and Probate Blog
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Retirement Accounts Recovering
A recent Wall Street Journal article highlights an unbelievable fact: despite the fact that the stock market is still down 30% from its 2007 high, many retirement accounts have completely recovered from the losses sustained over the past two years. According to data gathered from Vanguard (based on the 3.5 mi
Does The IRS Care if You Make a Loan to a Family Member?
The short answer is . . . maybe. Depending on the size of the loan, and the amount of interest charged, the loan may result in a taxable gift by the lender. Here are a few rules of thumb to keep in mind:Small Loans: As far as the IRS is concerned, a small loan is anything less than $10,000. For loan
Tax Benefits for the Unemployed
Unemployment can be devastating for the families that it affects. Fortunately, there are some tax benefits that may help you if you have lost your job. The internal revenue code is very complicated, and is full of exceptions, so it is important that you discuss these tax benefits with your accountant or a tax
Importance of Planning for Incapacity
An interesting article on MSN Money entitled "Three Legal Papers You Shouldn't Live Without," explains the importance of planning for incapacity, especially with regard to the following legal d
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