The Ala Firm meets both your business and personal legal needs. From business, construction and real estate litigation to estate plans, wills and trusts!
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Welcome back to the Top Ten Reasons you DON'T Need to Hire an Estate Planning Attorney...
Number 4: You have more money than you know what to do with and so you actually WANT to pay taxes on your estate.
Does this sound as ridiculous as it is supposed to? I hope so! Sadly, there are too many instances where this has actually happened - the most obvious of which are Prince and Aretha Franklin. They both passed away with enormous holdings and yet had no estate plan, leaving the government to help themselves. Lately in the political environment I have even heard people tout their desire to simply allow the Feds to take their estate taxes.
Today, the estate and gift tax deduction is extremely high - at $11.2M per person ($22.4M per couple). But these caps "sunset" in 2025, at which time the deduction could go back down to $5.6M per person). Political winds are constantly changing, and even these levels could change in the future.
So contact me today to take advantage of all of the estate planning tools available to you.
Top Ten Reasons you DON'T Need to Hire an Estate Planning Attorney...
Number 5: My family can sort it all out after I'm gone.
Maybe you think your family can work together to handle your affairs when you are gone. I even remember my grandfather saying this once (but at least he had a will!) But there are a number of problems with this belief. First, if you become incapacitated or mentally incompetent, your family member(s) will have to go to court to be appointed as guardian/conservator to be able to act on your behalf. A simple medical and financial power of attorney prepared now is much easier and far less expensive. Second, as discussed in our Top Ten's number 6, most families will suffer internal arguments and disputes over how things should be handled, and what you would have wanted. Taking even a small amount of time to prepare a will and give your family direction is invaluable. Finally, it is far less expensive and less time consuming to prepare your estate plan now rather than paying lawyers to go through the probate process. So if you love your family, show them how much you love them by managing your affairs now!
Hi everyone, I'm back to the series on The Top TEN Reasons why you DON'T Need to Hire an Estate Planning Attorney...
Number 6: Everyone in your family gets along perfectly, so they can just divide everything up when you're gone.
This one is my personal favorite. I hear it frequently, and I actually even believed it once, too. Before it happened to us, I never could have imagined a family being torn apart at the seams, when siblings that otherwise got along were just diving up responsibilities and inheriting equal shares of an estate.
Your family might be the exception rather than the rule. I sure hope that is the case. But the only way to truly make sure that your family is protected is to have your affairs in order!
Continuing the Top TEN Reasons why you DON'T Need to Hire an Estate Planning Attorney...
Number 7: "I prepared my estate documents back in 2005..."
This is certainly better than not having anything prepared. And your plan might still be in perfect order! But I recommend that my clients consider redoing their estate planning documents about every 10-15 years. There is no hard and fast rule. However, laws are constantly changing, and to ensure that you have the most up to date planning, you should at least have your documents reviewed by a qualified attorney to make sure they are current.
I also recommend that you review your existing estate documents any time there is a significant event in your life - a birth, death, change in friendships, relocation, marriage, divorce, and so on - to identify any changes that you would like to make.
Continuing the Top TEN Reasons why you DON'T Need to Hire an Estate Planning Attorney...
Number 8: "I already prepared my estate documents (will, trust, etc.) in another state."
Many of my clients have prepared their estate documents in another state before moving to Colorado. While Colorado honors documents from other states, there are differences in the legal requirements from state to state. Some states follow the "uniform" probate code and/or the "uniform" trust code, which is designed to bring uniformity to the various states' laws. But many of the states still have their own state-specific laws that apply to wills and trusts.
The Ala Firm conducts a complimentary review of our client's out-of-state documents to ensure that the documents are compliant with Colorado law. In some cases, we recommend that amendments be prepared to change the location of a trust, and/or change the governing laws cited in the documents from the original state to Colorado.
The Top TEN Reasons Why you do NOT Need to Hire an Estate Planning Attorney...
Number 9: You don't have any money or assets to give to anyone.
There's a lot more to estate planning than what happens to your money. We also help you create powers of attorney so that someone you trust can make medical decisions for you and handle your financial affairs if you are incapacitated. And most importantly, if you have children, you should choose who will care for them if something should happen to you.
Don't leave these important decisions to the court and a judge that doesn't know you. Contact The Ala Firm for guidance.
Welcome to: The Top TEN Reasons why you do not NOT Need to Hire an Estate Planning Attorney....
Number 10: You aren't 18 yet!
The only criteria for being able to prepare a will is that you need to be 18. According to national radio talk show host and financial guru Dave Ramsey, "Everyone over the age of 18 needs a will", and I agree!
Contact me to find out how The Ala Firm can help you!
#wills #attorney #thealafirm
Wills and trusts – 'Issue' – Grandchildren Massachusetts Lawyers WeeklyFull coverage
masslawyersweekly.com Where a Probate & Family Court judge concluded that the principal of a trust should be distributed equally among the testatrix’s four living grandchildren, along with their seven children, for …
Today is #ConstitutionDay, a day that recognizes the adoption of the constitution of the United States and those wh… https://t.co/9aBAWEKAxT
twitter.com “Today is #ConstitutionDay, a day that recognizes the adoption of the constitution of the United States and those who have become U.S. citizens. Diversity is the strength of the #USArmy because we share a common commitment to the nation’s defense.”
[05/16/18] Are you interested in having a FREE 10 minute appraisal estimate performed on your family heirloom, artwork, jewelry or other item?? If so, I have the perfect opportunity for you! The Cherry Creek Retirement Center in Aurora is hosting "Discover Your Hidden Treasures" on May 17, 2018 from 1 p.m. to 3 p.m. The Ala Firm will be present to provide information on estate planning, and several other vendors will be there to give information on real estate and financial services. Please contact me if you are interested so we can set up a specific time slot for you!
[04/18/18] Thank you to the Colorado Super Lawyers magazine for naming Marisa Ala as a 2018 Super Lawyer for construction defect litigation and as one of the Top 50 Women lawyers in Denver! It's always nice to be recognized by your peers and community for the hard work you do!
Nationally syndicated radio host Dave Ramsey says, “Everyone over 18 needs a will.” But, a will may not be enough. Click here to find out: http://thealafirm.com/is-a-will-enough/
thealafirm.com Nationally syndicated radio host Dave Ramsey says, “Everyone over 18 needs a will.” A will is a great start to your legacy plan. However, there are many other planning tools that you should …
Marisa and her family shared their adoption story this morning on CBS4 News to celebrate a Day for Wednesday's Child!
John and Marisa adopted Ariel five years ago, and brought her into their loving home. We're happy to share these #WednesdaysChild success stories! Share yours with Britt Moreno today. https://cbsloc.al/1oLBBwU
[11/18/17] Have you been thinking about preparing your estate plan? Is it something that has been in the back of your mind but you keep putting it off? I would encourage you to set a goal to make this a priority for your family. Perhaps this is a good New Year's Resolution for 2018? Contact me and we can set up a time for your free consultation.
I am so proud to have been selected by my Alma Mater, Pepperdine, as one of the "40 Over 40 Alumni". What an honor! https://www.pepperdine.edu/alumni/40over40/
[11/01/17] Estate Planning Tip: Have you checked the beneficiary of your retirement fund accounts and life insurance within the last year? These beneficiary designations will TRUMP what you say in your will/trust. So make sure they are accurate!
[10/18/17] So recently I was asked a question that has required a lot of thought. The question is: "what are three things that you could not live without." Of course there are the funny answers like chocolate and coffee, right? But I'm curious to know what all would say!
[10/12/17] Welcome to my new business page! Thank you for taking the time to "like" my page or follow me.
Waldrip Law, LLC is an estate planning law firm serving the metro area of Denver, Colorado.
We hope to help you understand the opportunities and potential rewards that are available when you take a proactive approach to your personal finances.