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Colorado Estate Planning Blog

Sunday, October 21, 2018

Naming a Charity as Beneficiary on Retirement Plans


      Naming a beneficiary for your traditional retirement plan may be one of the most important financial decisions you ever make. The beneficiary you name will receive the funds remaining in your retirement plan after you die, so you should consider your beneficiary’s future needs.  This is something that you should discuss with a qualified financial planner.

      Generally, required post-death distributions from a traditional retirement plan are taxable. Consequently, your beneficiary will generally be subject to income tax on any distribution that he or she receives from the inherited retirement plan.


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Wednesday, October 17, 2018

Do your estate planning goals require special attention?


Your estate plan should achieve your goals, regardless of the specific legal needs of your beneficiaries (those who will inherit assets from your estate). There are many circumstances that require specific estate planning. Some examples are if you want to:

  • Name beneficiaries who are receiving government assistance—an inheritance will kick them off their assistance (and require them to reapply) if you don’t plan carefully.
  • Name minor children as beneficiaries—you must plan carefully to avoid an expensive and intrusive court process (which results because minors cannot own property).
  • Name charities as beneficiaries—some methods are more tax efficient than others and you may need to provide guidance to best meet your objectives.
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Friday, October 5, 2018

How to Choose a Lawyer to Create Your Estate Plan


Only a qualified attorney can interpret the maze of laws bearing on property rights, taxes, wills, probate, and trusts (software will never-ever make the cut!). Here are some tips for finding a lawyer to assist you in achieving your estate planning goals:

  • Avoid general practitioners (lawyers practicing multiple areas of law). Instead, hire an attorney who focuses on estate planning. Estate planning is more complex than many people think (including some lawyers). An attorney who attempts to practice multiple areas of law may overlook important aspects of the law or your situation.
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Monday, September 10, 2018

Your Estate Plan’s Cast of Characters


Each estate plan has a “cast of characters”—the agents or fiduciaries who will be responsible for making decisions when you are no longer able to. Your estate plan’s success depends on this cast of characters so it is essential to ask yourself the following questions:

  • Do you understand each of the roles available, such as executors, successor trustees, healthcare agents, or trust protectors?

  • Are you certain that you have chosen the best people for these roles?

  • Is there a role that you struggle to fill because you don’t know anyone who would be a good fit?

  • Have you named backups to serve if the first, second, or third choices are unavailable when needed?

  • Do you regularly review your cast of characters to ensure that your choices still reflect your wishes?

To learn more, please call (303) 984-9900 or click HERE to register for our FREE Estate Planning 101 class on

Tuesday, September 18th at 10:00 a.m.
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Thursday, September 14, 2017

Ten Fun Facts About Estate Planning!


1. In 1829, James Smithson created the Smithsonian Institution through a bequest in his last will and testament.
2. The longest will ever probated was 1,066 pages and 95,940 words. An English woman, Frederica Evelyn Stilwell Cook, holds this record.

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Friday, September 8, 2017

Equifax Hack and Preventing Identity Theft


Identity theft is a real threat and a burdensome problem. About 17 million Americans were victims of identity theft in 2014; two-thirds of those victims reported direct financial losses (Bureau of Justice Statistics). A recent hack of extremely sensitive information could affect as many as 143 million people in the United States.

Check out this article, "Read more . . .


Tuesday, August 29, 2017

Linda on Law Line 9


Linda is passionate about providing legal information and education to the community. In addition to her regularly scheduled classes, Linda donates her legal expertise to Law Line 9--an advice line for legal problems provided by a local Denver news channel.

"Linda is passionate about providing legal information and education to the community. In addition to her regularly scheduled classes, Linda donates her legal expertise to Law Line 9--an advice line for legal problems provided by a local Denver news channel."
"Linda is passionate about providing legal information and education to the community.

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Thursday, July 20, 2017

What is estate planning?


      Estate planning is a process designed to allow you to control your property while you are alive and well; a plan for yourself and your loved ones in the event of your disability; and, then give what you have, to whom you want, when you want, the way you want after your death.  We help co-create estate plans that embrace your vision, which include the creation of a legacy for your family, pets, and charity.
      Estate planning includes understanding the interaction between how you own your assets, beneficiary designations, and the legal documents that support your plan.
      It also includes the proper selection and appointment of "helpers" including personal representatives, trustees, agents, guardians for minors and caregivers for pets.
      Estate planning is not a one-time activity but instead a life-long commitment to creating an effective plan that contemplates the ongoing change experienced in your life, your legacy, the law and ultimately, your attorney's experience.
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Thursday, July 13, 2017

What are your estate planning goals?

There are important factors that many people do not realize have an affect on their estate plan. Here are some questions you should ask yourself to help define your estate planning goals and objectives:

  • Do any of your children receive governmental support or benefits?
  • Do you provide primary or other major financial support to adult children or others?
  • Are you concerned about whether your heirs have the ability to manage or protect wealth?
  • Are there specific assets you’d like to give to certain individuals?
  • Are you concerned about trying to protect assets from a divorced spouse or a beneficiary’s future creditors?
  • Are there any charitable organizations you wish to support at the time of your death?
  • Do you have a pre- or post-marital agreement?

A qualified estate planning attorney will have the ability to sort through your goals and objectives and create the proper estate plan for your specific needs and situation. 

Come to our FREE Estate Planning 101 class to learn more!

Class Schedule


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Monday, June 12, 2017

Everyone has an estate


Even if you're not wealthy, you have an estate and need a plan. An estate is everything you own when you die, including your home, personal property, investments, bank accounts, retirement plans and any interests in a business or partnership. If you don't have a will or living trust indicating who should get those assets, state law determines it for you.

In order to control the distribution of your assets at your death (and for many other reasons) you should create a comprehensive estate plan.  The type of plan you create can depend on many factors, including the types of assets you own, the beneficiaries you want to designate, i.
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Thursday, May 18, 2017

Do you have an iPhone? Did you know about this feature?


 Did you know the iPhone has an app called Medical ID so that you can save your important health information? Your Medical ID provides medical information about you that may be important in an emergency, like allergies and medical conditions as well as who to contact in case of an emergency. You can create your Medical ID in the Health app that can be accessed without unlocking your iPhone. To set up your Medical ID:

  1. Open Health and tap Medical ID > Edit.
  2. Enter your emergency contacts and health information like your birthdate, height, and blood type.
  3. Turn on Show When Locked to make your Medical ID available from the Lock screen.

Read more . . .


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Sommers Law Group, LLC assists clients throughout Denver, Jefferson County, and Arapahoe County, Colorado.



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| Phone: 303-984-9900

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