Colorado is one of the few states that does not impose a separate state-level estate tax in addition to the federal estate tax. However, if you own property or live in a state other than Colorado, you should speak with a Denver estate and death taxes attorney to determine if your estate could be subject to state estate taxes.
For more than 20 years, Karen L. Brady has assisted clients in the Greater Denver, JeffCo and Front Range areas with their estate planning needs. With a focus on helping you meet your financial goals, she will spend time getting to know you and understanding your unique situation. She will recommend solutions to help you minimize state estate taxes and protect your wealth.
State Estate Taxes
A number of states impose separate estate taxes on the personal property of a decedent who lived within that state. These taxes are paid by the estate and may be higher or lower depending on the size of the estate and who receives the property. For example, property received by a child may incur lower taxes than property left to a non-relative. Additionally, some states have inheritance taxes, which are paid by the recipient of the property. Like death taxes, the rates may vary based on who receives the property.
State laws change frequently, so we recommend that you speak with our lawyer to determine if state estate taxes will impact your estate. We can help you understand these ever-changing state laws, and we will identify solutions that may help you minimize the impact to your estate through various tools.
Contact Our Colorado Estate Tax Attorney
To discuss your case or to schedule a free initial consultation, contact our firm online or call us toll free at 888-806-7304 or locally at 303-835-1811.