Wealth & Succession

Business Succession and Retirement

Family and closely-held businesses need creative solutions in order to pass ownership at retirement, disability or death of an owner.  RWO attorneys have broad experience with the complex tax, business and personal issues involved in virtually every multi-generational family or other closely-held business.  Transition planning for these business entities involves clear focus on objectives and the myriad financial, structural, insurance, and tax tools available to our tax and business lawyers.

Estates/Wills & Trusts

Thoughtful and effective planning is necessary for preserving wealth and assets for future generations. RWO’s attorneys have extensive experience assisting clients with developing and implementing tax and planning strategies for families with estates ranging from the simplest to the most complex. A well-considered plan is essential to provide for intended beneficiaries while optimizing tax consequences. Charitable planning is often important to our clients. We assist clients with estate and gift planning, creation and management of trusts, and other strategies that facilitate transition from one generation to the next.

Our estate planning services include:

  • Preparation of Wills and Trusts
  • Preparation of General and Medical Powers of Attorney
  • Preparation of Advance Directives
  • Charitable Gift Planning
  • Life Insurance Planning and Trusts
  • Planning for Assets located outside of Colorado and outside of the USA

Probate and Trust Administration

RWO provides a full range of legal services relating to trust, estate and probate administration. These services include trust and estate accounting, preparation of income tax returns for trusts and estates, federal and state estate tax returns and federal gift tax returns. We provide sound and useful estate and income tax planning advice to our clients. In many instances, trusts or estates hold business interests or the proceeds of the sale of a business.

Our attorneys also represent clients in trust and estate litigation, including will contests, claims concerning the construction of will and trust instruments, and the appointment of fiduciaries.

Pension & Profit Sharing/ERISA

RWO’s Pension & Profit Sharing/ERISA practice area leader Patrick M. Ryan has over 20 years’ experience drafting and designing retirement plans, and for 10 years taught courses about pension and profit sharing plans to members of the Colorado Society of Certified Public Accountants.  Our pension and profit sharing plan documents that are approved by the Internal Revenue Service. Not only can clients use these documents to set up their own plans, but they can also change investment advisors or administrators without having to draw up new plan documents.

The RWO pension and profit sharing/ERISA practice area group also offers one-on-one advice to clients, keeps plans amended and up-to-date, establishes IRS tax qualifications, and answers technical questions on how ERISA and pension and profit sharing plans work.

Private Foundations and Tax-exempt Entities

RWO assists families and individuals in identifying and achieving their charitable objectives through a significant array of tax and gift tools.  Our attorneys are skilled at identifying creation, operation and compliance issues and working with a family’s outside advisors, public charities and private foundations to facilitate the tax-favored treatment available through careful philanthropic planning.

Taxation

Estate and gift taxation are in flux and appear to be a political football.  In this context, it is important for RWO’s attorneys to remain flexible in order to handle planning for families and estates from the most modest size to very large estates involving property and assets located outside of Colorado and around the world.  We emphasize working collaboratively with clients’ other professional advisors including accountants to optimize the tax treatment in this changing environment.  We assist clients and their advisors with:

  • Estate and Gift Taxation
  • Fiduciary Taxation
  • Generation-Skipping Taxation
  • Post-mortem (after death) Tax Planning

RWO attorneys in this practice area include:

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