The Colorado Bar Association, Tax Section, is hosting a free workshop for small business owners.  Klaralee Charlton, of Katz, Look & Onorato, will be one of the panelists. 

Self-Employed Tax Workshop Saturday, February 4 • 10:30 am, Perrin Room Do you have a small business? Maybe you have a blossoming hobby or you’re an Uber driver or an AirBnB host? Join us for a free income tax workshop for small business owners. Tax attorneys from the Colorado Bar Association will answer questions and explain filing and reporting requirements for small business owners. For questions or to RSVP in advance contact Klaralee Charlton via email at This email address is being protected from spambots. You need JavaScript enabled to view it.

The Future of Estate Taxes and Trust Planning for 2017 and Beyond

by Harley K. Look, Jr.

After a tumultuous fifteen years of constantly changing estate tax laws, with no estate taxes whatsoever in 2010, and going from an estate tax exemption of $1.0 million up to $5.25 million in 2013, we are now in what appears to be a period of calm and stability with some sensible tax laws that are very generous and for now, permanent. How long this will last, no one knows, but the longer it lasts, the more we are encouraged.

With the presidential election over, we now have a better sense as to the estate tax laws for the next four years. Ms. Clinton would have tried to lower the exemption to $3.5 million, and raise the tax rates, but Mr. Trump said he is in favor of eliminating the estate tax. We don’t know that he will be successful, but even if he isn’t, then the exemption will continue to increase with inflation, but not decrease, so for 2017, the estate tax exemption will be $5.49 million, and with portability1 by filing a timely estate tax return, married couples may be able to shelter a combined $10.98 million, without a trust.

Consequently, it’s critical that you review your estate plan to take into consideration the current tax laws and other changes in the law. There have also been a lot of state law changes impacting your financial powers of attorney, medical powers of attorney and living wills.

Under the current tax laws, there is an opportunity to amend your trust to provide the best income tax benefits to your beneficiaries. Most trusts sacrificed income tax benefits in order to achieve estate tax benefits, but everyone prefers to have their beneficiaries pay lower long term capital gains taxes somewhere down the road after they’re gone instead of estate taxes at their deaths.2

Now, under today’s tax laws, most clients are electing to change their trusts and their beneficiaries are getting better income tax benefits without any estate taxes, but each case depends on the facts, so it’s important for you to review the impact of the laws on your personal estate plan to see what changes, if any, you may want or need.

_______________________

For a discussion on portability and the nontax benefits of trusts, please refer to the following article in this website’s News Section:  http://www.thedenverlawyers.com/news/38-estate-tax-exemption-increases-to-5-34-million-for-2014

For a discussion as to trusts eliminating estate taxes, but losing capital gains tax benefits, please see the following article in this website’s News Section:  http://www.thedenverlawyers.com/news/39-new-estate-tax-laws-impact-all-family-trusts-created-prior-to-2012

Katz, Look & Onorato is proud to share the following article featuring one of our own, Klaralee Charlton:

Article as published in The Docket:  Raising the Bar:  A Conversation with DBA YLD Chair Klaralee Charlton

Click Here to View Article

 

PLEASE NOTE THE DATE, LOCATION and TIME CHANGES FOR THIS PROGRAM.

Please join us for the “Getting your House in Order” workshop on October 12. During this workshop we will provide and go over the forms and documents everyone should have on hand in order to ensure that their “house is in order.” These documents include the different Powers of Attorney, living wills, documents related to health emergencies, etc. This is a great opportunity to ensure you have all of the necessary documents in place and/or that your current documents are up-to-date.  Two attorneys, Harley K. Look, Jr. and Krista K. Look, will be available to help answer questions.

The workshop will be October 12 from 6:30-8:00 p.m. at Evans Financial Group, conference room, 7935 East Prentice Avenue, Suite 311, Greenwood Village, CO  80111.

 

Kelly Evans may be reached at 303.221.2033..

Please RSVP to Katz, Look, & Onorato, P.C.,  Angie Knepp at This email address is being protected from spambots. You need JavaScript enabled to view it. or to Evans Financial Group,  Kelley Evans at This email address is being protected from spambots. You need JavaScript enabled to view it. or to Dawn This email address is being protected from spambots. You need JavaScript enabled to view it., if you would like to attend.

Death & Taxes, by Klaralee Charlton

  * What is Estate Tax ?

  * Gift Tax

  * How Death Reduces Income Tax

 

Please follow the link below to read the article:

Senior Law Day

 

 

Please join attorney Klaralee Charlton as she helps to present a seminar at the Denver Senior Law Day on Friday, July 29, 2016.

See attached flyer here for more information.

Raymond James Financial Services, Inc., is sponsoring an Estate Planning Seminar on Thursday, May 5, 2016, at the Castlewood Library, 6739 South Unita Street, Centennial, Colorado  80112.  Kelley Evans, of Evans Financial Group, is the featured speaker, with guest speakers Harley K. Look, Jr., and Krista K. Look of Katz, Look & Onorato, P.C.  The program begins at 5:30 p.m. and runs until 7:30 p.m.

Please contact Angie Knepp at Katz, Look & Onorato for any additional information.  Angie can be reached at 303.832.1900 or This email address is being protected from spambots. You need JavaScript enabled to view it..

There is no charge to attend the seminar.

 

If you are planning to attend, please contact:

Kelley Evans, Branch Manager, Evans Financial Group, 7935 East Prentice Avenue, Suite 311, Greenwood Village, CO   80111

303.221.2033 or This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Please join one of the members of our Estate Planning Department for an informative session dedicated to those between the ages of 50 and 75.  There will be a discussion on retirement, how much you need, strategies for retirement, Social Security mistakes and how to avoid them, IRAs, and how to reduce the stress of planning and enjoy your retirement.

Cost is $39.00 for the 2-day class if paid 10 days in advance or $49.00 if later.   Please register for either 2-part session by calling:  303.720.7398.

For more information, check out the website at www.retirementelevated.com

 

                                             Class on March 22 and 29 - 6:00 to 9:00 p.m.

                                             Front Range Community College, Westminster Campus

                                             3645 West 112th Avenue, Westminster, CO  80031

                                             Our attorney will be presenting on the 29th.

OR

                                            April 12 and 19 - 6:00 to 9:00 p.m.

                                            Front Range Community College, Boulder County Campus

                                            2190 Miller Drive, Community Room C-1480

                                            Longmont, CO   80501

                                            Our attorney will be presenting on the 19th.

 

OPEN TO THE PUBLIC:

Lunch and Learn session covering the differences between trusts and wills, the need for them, and covering powers of attorney.  Bring your lunch and join one of our attorneys for an informative session.  The session will be held from 12:30 to 1:30 p.m. at the Denver Federal Center, at the corner of Kipling and Main.

In order to enter the Federal Center, you will need to be on the list and present a valid driver's license.

Please register with Mariko at 303.922.4304.

The class will be held in the Lecture Hall in Building 25.

Harley K. Look, Jr., Tanja W. Leung, and Krista K. Look, of Katz, Look & Onorato will be participating as speakers on Saturday, February  6, 2016 at an End of Life Workshop sponsored by the First Mennonite Church of Denver.  The topic they will be covering is Advance Care Planning.  The program runs from 8:30 a.m. to 1:30 p.m., and is open to the public.

First Mennonite Church, 430 West 9th Avenue, Denver (near Denver Health)

 

News

Contact Us

1120 Lincoln Street
Suite 1100
Denver, CO 80203
Phone Number: 303-832-1900
Fax Number: 303-863-0412
This email address is being protected from spambots. You need JavaScript enabled to view it.

Our Location


View Larger Map