Vincent, Romeo & Rodriguez, LLC
Call Now, For Phone Consultation
Denver Metro Office 303-500-5859
Boulder County Office 303-720-7260

Estate planning and how to save in the end

Spending money to save money may sound odd; however, in many cases, it is necessary for the Colorado resident to spend money in order to maximize his or her savings.  This is especially true when it comes to estate planning. On the surface, it may seem like a simple process, yet once one looks at the overall picture, there are too many things that must be taken into account for the average individual to tackle this process without guidance.

Many individuals discover that working with an attorney is essential in making sure that the proper documents are created. A will, advanced health care directive, power of attorney and trust are just a few of the items that may be necessary. While there are some do-it-yourself options, these can prove costly (emotionally and financially) if certain issues are overlooked and mistakes are made. It is always better to make sure it is done right by someone with expertise in that area. 

It's also important to consider the tax implications associated with each estate planning decision. The way in which assets pass to another individual can have a significant impact upon the amount of taxes that will be owed. It is possible to transfer some assets without incurring taxes; however, again, without experienced guidance, this can prove cumbersome.

Estate planning is essential for the Colorado resident looking to maximize what he or she is able to leave behind for loved ones or a favorite charity. The proper paperwork and documents are essential to this process. While one does incur cost in working with experienced legal counsel, these costs are typically more than made up for in the savings that result.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location:

Louisville Office
1805 Hwy. 42
Suite 100
Louisville, CO 80027

Phone: 303-720-7260
Fax: 303-604-6052
Louisville Law Office Map

Englewood Office
5460 South Quebec Street
Suite 333
Englewood, CO 80111

Phone: 303-500-5859
Fax: 303-723-8814
Englewood Law Office Map

Phone Numbers:
Phone Numbers:
    • Super Lawyers
    • Super Lawyers
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • Life Care Planning Law Firms Association
    • National Academy of Elder Law Attorneys, Inc
    • NELF | National Elder Law Foundation