Denver Tax Law, Estate Planning & Administration Lawyers
Robert Shaiman leads the firm’s tax practice group with support from Charles H. Jacobs.
Mr. Shaiman holds a Master of Laws degree in taxation from New York University Graduate School of Law and is a Certified Public Accountant (inactive).The firm provides tax advice concerning the use of entities, proposed transactions, and tax-deferred Section 1031 exchanges, ensuring that clients navigate complex financial landscapes with confidence. Business owners must consider tax implications during disputes to protect their financial interests, and our team offers guidance tailored to these specific challenges.
In addition, real estate transactions often involve tax considerations, especially in estate planning, where careful planning can significantly impact long-term outcomes. Effective tax planning is also crucial in structuring business deals to ensure compliance with both federal and state regulations, helping clients minimize risk.
The oil and gas industry, in particular, faces unique tax challenges that require specialized legal expertise. Our firm represents clients in controversies with the Internal Revenue Service and practices in administrative proceedings, U.S. District and Tax Courts, and before state and local taxing agencies, providing comprehensive support.
Charles H. Jacobs, who holds a Master of Laws degree in taxation from the Denver University Graduate Tax Program, also leads our estate planning and administration practice.
The Sorts Of Tax Guidance We Provide
Our attorneys can assist you concerning:
Taxation
- Business, partnership and corporate tax matters
- Individual tax planning
- Tax-free exchanges
- Tax-exempt organizations
Trusts & Estates
- Wills and trusts
- Estate planning
- Estate probate and trust administration
- Succession planning
- ERISA and compensation planning
Related: What Are the Tax Implications of Inheriting Property in Colorado?
Frequently Asked Questions
An estate planning attorney provides a range of services to help manage and plan your estate. These services include drafting wills, setting up trusts, planning for incapacity with powers of attorney and healthcare directives, minimizing estate taxes, and assisting with probate and estate administration. We also offer counsel on family business succession and charitable giving. These services ensure that your assets are distributed according to your wishes and help prevent legal issues for your heirs.
Wills and trusts are both estate planning tools, but they differ in function and application. A will specifies how assets are distributed after death and names guardians for minor children, going through probate. A trust manages assets during your lifetime and distributes them without probate, offering more control over asset distribution. The right choice depends on your estate’s complexity, privacy concerns, and desire to avoid probate. Consulting with an estate planning attorney can help determine which is best for your situation.
Having an estate plan in Colorado ensures your assets are distributed according to your wishes and avoids the state’s default intestacy laws. It can help you avoid probate, saving time and costs associated with the legal process. Estate planning can also minimize estate and inheritance taxes, providing tax benefits. You can designate guardians for minor children, ensuring their care if something happens to you. Additionally, an estate plan includes healthcare directives and powers of attorney to manage medical and financial decisions if you become incapacitated.
Our estate planning attorney helps with tax planning by developing strategies to minimize estate taxes, ensuring more assets go to beneficiaries. They advise on making tax-exempt gifts and using annual exclusions to lower the taxable estate value. Attorneys set up trusts like irrevocable life insurance trusts (ILITs) or charitable remainder trusts (CRTs) for tax benefits. They structure asset transfers to minimize tax burdens on heirs and ensure compliance with current tax laws. This comprehensive approach optimizes tax efficiency and takes advantage of new tax-saving opportunities. If you need expert assistance, contact us at Lohf Shaiman Jacobs Hyman & Feiger PC to discuss your estate planning needs.
