Estate Planning and Taxation in Colorado is both an overview of estate planning under Colorado and federal law for the practitioner who is new to or inexperienced in the estate planning area, and a detailed reference guide for the more experienced practitioner looking for guidance and citations to source documents.
The book surveys Colorado law on intestacy and wills and discusses planning for disability, an area often overlooked by clients. Other topics include the various approaches to estate planning and the professional responsibilities of the practitioner (which are not often considered in other publications), estate planning techniques for traditional and nontraditional families, and estate tax avoidance and minimization techniques employed by seasoned practitioners.
Estate Planning and Taxation in Colorado contains numerous Practice Pointers and examples, as well as precise citations for the practitioner who wishes to view the source documents. It is designed to be a reference, to be kept within reach for the busy practitioner.
The book contains an extensive discussion of gift, estate, and generation skipping taxation in an easy-to-understand format, with many examples to clarify the tax principles discussed. Citations are to the specific provisions of the Internal Revenue Code, regulations, revenue rulings, private letter rulings, and cases, which allows practitioners to view the source material and compare it to their specific client fact patterns.
The companion CD contains the text of the book in searchable PDF format, plus the forms in word processing format.
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SUMMARY OF CONTENTS
Select and download individual chapters for only $25.00 each.
The Meaning of the Power to Transmit Property at Death Historical Overview of Estate Planning in the United States Comparison of Estate Planning Systems
Ch 2: Professional Responsibilities of the Estate Planner
Dealing with Issues Arising from Multiple Representation Obligations to Clients Obligations to Non-Clients Special Cautions Working with Other Professionals Disagreements with Clients
Elements of a Taxable Gift Requirements for a Completed Gift Exclusions, Credits, and Exemptions for Gift Tax Purposes Outright Gifts Gifts Into Trust Gifts to Minors Net Gifts Powers of Appointment Disclaimers Calculating Gift Tax Payable State Gift Taxes Reporting Gifts and Paying Tax Tax Exclusive Versus Tax Inclusive Miscellaneous Gift Tax Applications Basis Rules for Gifts Gift-Selection Factors
Ch 6: The Generation Skipping Transfer Tax Definitions
Identifying the Transferor Generation Skipping Transfer Exemptions and Exclusions Calculation of the GSTT Liability for the Tax Grandfathering of Old Trusts Planning for the GSTT
Definition of Gross Estate Alternate Valuation Date Valuation of Certain Farm and Business Real Estate Interests Owned at Death Dower or Curtesy Interests The Three “Strings” Sections Transfers with Retained Life Estate Transfers that Take Effect at Death Revocable Transfers Life Insurance Lifetime Gifts, Transfers, and Gift Taxes Annuities Joint Tenancies Powers of Appointment QTIP Marital Deduction Property
Adjusted Gross Estate Taxable Estate Tentative Tax Base Tentative Tax Gross Estate Tax Net Estate Tax Calculating the Estate Tax Filing the Estate Tax Return Paying the Estate Tax Marital Deduction Income Tax Basis of Property Transferred at Death
How to Listen Carefully Communicating in a Language the Client Understands Using Diagrams Using Hypothetical Examples Making Suggestions While the Client Retains the Ultimate Choice Ensuring the Client Understands Enough to Make an Informed Decision Ensuring the Client Has Testamentary Capacity Setting the Client’s Goals
Types of Wills Common Misconceptions about the Need for a Will or Trust Testamentary Capacity Drafting the Will Executing the Will
Peter B. Scott, J.D., LL.M. (tax), CFP® practices in the areas of estate planning, business planning, business succession planning, and tax planning with the Bendelow Law Firm of Denver, Loveland, and Winter Park, Colorado. In his practice, Peter helps business owners, individuals, and families capture the purpose, meaning, and significance of their lives through a unique process of counseling and planning.
Peter is a nationally known speaker and instructor, regularly conducting classes for accountants, attorneys, trust officers, and insurance and financial professionals. He is an adjunct professor at the Academy of Multidisciplinary Practice, an instructor at Metropolitan State College of Denver, a senior faculty member of the Estate and Wealth Strategies Institute at Michigan State University, and an instructor in the Wealth Management Certification program of the Investment Management Consultants Association. Peter is a contributing author to two books: Love, Money, Control: Reinventing Estate Planning and Your Legacy: Meaningful Estate Planning.
Karen L. Brady, J.D., practices in the areas of estate planning, business planning, business succession planning, and business growth counseling as the principal attorney of Karen Brady & Associates, P.C. in Arvada, Colorado. Karen’s focus on her clients’ individual goals, hopes, and concerns allows her to assist clients in creating a unique and substantial legacy.
Karen is a frequent guest lecturer for various organizations, including the Mi Casa Resource Center for Women, the CFP Board, the Financial Planning Association, and the Society of Enrolled Agents. She is also the author of Powers of Attorney in Colorado, and she is a contributing author to the publications of the Society of Senior Advisors and Your Legacy: Meaningful Estate Planning.
Format: 7x10" Hardcover with CD Copyright: 2007, with cumulative pocket part through 2010 Pages: 320 ISBN: 978-1-932779-53-0 Publisher: Bradford Publishing Co.
