While estate planning is important to all families, it is crucial to young families. In this video K&G partner Bernie Greenberg discusses why.
The new year brings excitement, opportunity and resolutions. Often people resolve to complete their estate plan in the coming year. Given that most people do not have a current, integrated and HIPAA compliant plan, that is a great resolution.
So how do you get started? Start by watching this video, especially if you have a family:
Your goal should be to have an integrated and HIPAA compliant plan. To learn what plan is right for you and your family, call our office today at 303-688-3535 to schedule your in depth estat planning assessment. You’ll be glad you did.
Many articles have been published about the gift of estate planning. In fact, it is one of the most important gifts you can give to your family and loved ones. A well crafted estate plan represents part of your legacy and how you will be remembered. How you would like to be remembered when you are gone and does your estate plan reflect those wishes?
Why can estate planning be such important gift for your family? Consider these benefits your family receives from your well thought out plan:
1. Protection for your spouse from creditors and predators. Are you leaving a plan which exposes your spouse to risk or protects them?
2. Protection of children from the over indulgence of youth, protection from creditors and protection against predators. Does your plan for your children provide these protections?
3. Inclusion of grandchildren or other family members who are disabled. Such issues should be considered in every plan. Are they addressed i yours?
4. Asset and probate planning. Do your assets create problems and are these issues addressed in your estate plan?
5. HIPAA compliance. Protection of your health information is important in our electronic age. Is your entire plan and all documents HIPAA compliant? If not it needs to be.
6. How recently have your reviewed your plan? Plans older than 5-7 years may create unexpected traps and negative results for your family. Has your plan been reviewed recently?
Does your current plan provide these benefits to your family? Now you know why estate planning is one of the best gifts for your family not only at the holiday season but also year round.
In estate planning the details matter. In fact they matter so much that the tiniest of details can derail your entire plan. A good example of that is your beneficiary designations.
Beneficiary designations can be on things like bank accounts, insurance policies, IRA’s and brokerage accounts. The key question is are your beneficiary designations synchronized with your estate plan? If they are not then your estate plan can fail.
To avoid the inadvertent failure of your plan, work with your estate planning attorney to check each beneficiary designation to ensure coordination with your estate plan.
K&G partner Bernie Greenberg receives the highest honor from Martindale-Hubbell, the 2019 Preeminent Award, Judicial Edition.
K&G is an AV rated law firm and Mr. Greenberg has held an AV attorney rating for 30 years. The AV rating is the highest rating any attorney can achieve from a peer review ratings agency.
Congratulations Bernie Greenberg!
Our firm is located in Castle Rock, Colorado, currently rated as one of the most desirable places to live in the U.S. As our community has grown it has attracted an assortment of scammers, fraudsters and con-artists. Each year we publish an article on the latest tips you can use to protect your family and yourself from getting scammed. Here is our 2019 update on avoiding fraud and cons.
Here are some of the latest frauds to watch out for:
1) Fake families begging at local stores.
2) Fake notices on obtaining recorded documents about real estate.
3) The ever popular robo call now also on your cell phone.
4) Skimming machines at local gas stations.
5) In good weather the always annoying door to door sales person.
6) Internet scams now appearing on your facebook and twitter pages and in the groups you follow there.
There are many more and scammers get bolder and more sophisticated each day. Your job, with these tips is to outsmart the con-artists. Here are several tips to use:
1) Any time and in any place that you feel threatened or uncomfortable, call the police or sheriff’s office. Nothing makes rats run away faster than the cops arriving.
2) If you are unsure about an offer or sales person, check them out before signing anything or giving them money. Use these links to get more detailed tips:
3) Ask your lawyer or CPA for their opinion before you hand your hard earned money over to someone. Your lawyer and CPA owe you what is called “fiduciary care” so they are required to have your interest paramount.
4) As hard as this may be to do, NEVER EVER give money to someone who is begging at the store. If you fail to follow this rule you will probably see that fake family at the car dealer buying their next car with your money!
5) As fun as it is to follow advice on facebook, twitter and nextdoor, don’t buy ANYTHING just because you see it there. I recently purchased a tool for my bike on facebook and, to my total dismay it was a total piece of garbage and I should have known better!
The basis rule in our law is Caveat Emptor. This means that only you can prevent fraud and only you are the best means to protect yourself from scams and con-artists. Remember this: Be careful out there!
Are your businesses documents complete? Are they current? Are they compliant with new laws? If you don’t know you could be in serious trouble. Call 303-688-3535 today to schedule your business documents review with one of our expert business lawyers.
K&G helps businesses succeed.
HIPAA compliance runs through most of our daily lives and activities. Having an estate plan which is HIPAA compliant is now mandatory in order for your wishes to be carried out.
Here are some things to check in your documents:
- Are the documents dated prior to 2010? Older documents are often not HIPAA Compliant.
- Do your documents mention HIPAA? If they don’t the documents are not compliant.
- Are HIPAA Personal Representatives named? If not then the documents are not HIPAA compliant.
K&G can review your plan documents to ensure effective compliance. Contact our office at 303-688-3535 to schedule an estate plan review meeting today.