Larkspur Estate Planning Lawyer, Colorado, page 4

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Patricia Stone
About | Practice Areas
Patricia Jo Stone, Attorneys at Law
19751 E Mainstreet Ste. 200 Parker, CO 80138» view map
Estate Law
Over 35 Years Of Experience

For over 35 years, our firm has provided affordable legal services to individual and business clients.

800-708-9521
1. Patricia Stone Parker, CO
  Attorney at Law- CO, 1975
  University of Colorado School of Law, J.D. 1975
2. AboutPatricia Jo Stone, Attorneys at Law
  Over 35 Years Of Experience
3. Practice AreasExpertise
  Estate Law
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2. Email
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4. Blog
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Includes: Gift Taxation

Douglas Lee Jackson

Commercial Real Estate, Estate Planning, Felony, Elder Law

Status: In Good Standing Licensed: 28 Years

CONTACT

18212 French Creek Ave, Parker, CO 80134

Malinda Jan Kloer

Estate Planning, Family Law, Divorce, Divorce & Family Law

Status: In Good Standing

CONTACT

9800 Mount Pyramid Court, Englewood, CO 80112

Michele Bergeron Koleto

International, Trusts, Gift Taxation, Estate

Status: In Good Standing Licensed: 46 Years

CONTACT

1322 Imperial Rd, Colorado Springs, CO 80918

Cecilia R. Gray

Corporate, Elder Law, Estate Planning, Commercial Real Estate

Status: In Good Standing Licensed: 35 Years

CONTACT

4960 Brown Valley Lane, Colorado Springs, CO 80918

Cecilia Richards Gray

Corporate, Elder Law, Estate Planning, Commercial Real Estate

Status: In Good Standing Licensed: 35 Years

CONTACT

4960 Brown Valley Lane, Colorado Springs, CO 80918

Kevin Dean Rhodes

General Practice

Status: In Good Standing Licensed: 39 Years

CONTACT

300 W Plaza Dr, Littleton, CO 80129

Christina Lee Corder Mcdonald

Estate Planning, Elder Law, Business

Status: In Good Standing

CONTACT

10475 Park Meadows Drive, Lone Tree, CO 80124

Thomas Huzjak

Commercial Real Estate, Estate Planning, Estate, Business & Trade

Status: In Good Standing Licensed: 46 Years

CONTACT

7200 S. Alton Way, Englewood, CO 80112

John Phillips

Commercial Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

7700 E. Arapahoe Road, Englewood, CO 80112

John R Phillips

Commercial Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

7700 E. Arapahoe Road, Englewood, CO 80112

800-923-0641

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LEGAL TERMS

NET ESTATE

The value of all property owned at death less liabilities or debts.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

FUNDING A TRUST

Transferring ownership of property to a trust.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

SAMPLE LEGAL CASES

People v. Mason

... sanction. â€¢ In October 2001, Respondent was suspended for one year and one day for violating Colo. RPC 1.1, 1.5(a), and 5.3(b) after he conducted an estate-planning seminar for the purpose of avoiding "rest" homecare costs. 148 ...

People v. Foster

... We consider in aggravation that Respondent has been licensed for over twenty years in Colorado. We note, however, that Respondent's background and experience is in estate planning and tax law, not domestic relations law. Absence of a Prior Disciplinary Record â€” 9.32(b): ...

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Larkspur Estate Planning Lawyer, Colorado, page 4

Sponsored Law Firm

Patricia Jo Stone, Attorneys at Law

SPONSORED LAWYERS

Douglas Lee Jackson

Malinda Jan Kloer

Michele Bergeron Koleto

Cecilia R. Gray

Cecilia Richards Gray

Kevin Dean Rhodes

Christina Lee Corder Mcdonald

Thomas Huzjak

John Phillips

John R Phillips

TIPS

LEGAL TERMS

NET ESTATE

EXEMPTION TRUST

GRANT DEED

PER CAPITA

FUNDING A TRUST

SPECIFIC BEQUEST

WARRANTY DEED

AUGMENTED ESTATE

BANKRUPTCY ESTATE

SAMPLE LEGAL CASES

People v. Mason

People v. Foster

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