If you filed a tax return with the IRS married filing joint and you were unaware of the issues or matters that eventually lead to a tax debt with the IRS, you may be able to obtain relief from the IRS through innocent spouse relief. The video below has been prepared by a tax attorney...Read More

What is a testamentary trust?  This may be a common question asked of an estate planning attorney, and a testamentary trust may be a common type of trust used by an estate planning attorney when working on a client’s over estate plan.  In short, a testamentary trust is a trust that arises or is created at the...Read More

Generally if you receive property through an inheritance and the value of the property was claimed in the decedent’s estate you receive a step up in basis?  So what does this mean?  What is a step up in basis?  Generally, a step up in basis means that you take the property with a basis at...Read More

A Non Disclosure Agreement can be used in many circumstances.  The video below has been prepared by a business attorney at The McGuire Law Firm to discuss the use of a Non Disclosure Agreement in the context of a potential purchase or sale of a business.  Generally, it is recommended that you enter into a...Read More

You can contact The McGuire Law Firm to schedule a free consultation with a Denver estate planning attorney.  We feel it is very important to provide a free consultation to first and foremost meet a potential client, and then of course, discuss your estate planning needs, questions and concerns.  The most important questions do not...Read More

Under certain circumstances a taxpayer may find themselves in United States Tax Court or have the ability to petition the United States Tax Court regarding a tax matter with the Internal Revenue Service.  The US Tax Court is a “travelling” court in the sense that it is not always in session in all of the...Read More

When property is gifted it is important to look at the facts and circumstances surrounding the gift, and analyze whether or not a gift has actually been made for estate tax purposes.  If a donor maintains a certain amount of control over the property than a gift may not have been made for estate tax...Read More

How is the sale of a business taxed?  How is the sale or transfer of my business (stock or partnership interest) taxed?  How is the sale of a business asset or group of business assets taxed?  These are common questions that a business owner or the holder of a business ownership interest such as stock...Read More

What is a specific bequest?  This may be a common question that is asked of an estate planning attorney, and specific bequests are common and important when assisting individuals with their estate plan.  A specific bequest is stated within a will and last testament and is when a testator or testatrix bequeaths a specific item...Read More

What is a carryover basis?  When will you receive property subject to a carryover basis?  The video below has been prepared to provide additional information related to carryover basis.  You may ask, why do I care about taking property subject to a carryover basis as opposed to a step up in basis?  The simple answer...Read More