What the “One Big Beautiful Bill” Means for Your Estate Plan
By Annaliese Bennett, Esq. The One Big Beautiful Bill Act, often nicknamed the “OBBA,” was signed into law in July 2025 and made permanent changes to the federal estate, gift, and generation-skipping transfer (GST) tax exemptions. Under the 2017 Tax Cuts and Jobs Act (TCJA), the federal estate and gift tax exemption was temporarily doubled […]
Corey W. Moore, Esq. Recognized in 2026 Edition of Best Lawyers: Ones to Watch in America
Otis & Bedingfield, LLC congratulates Partner Corey W. Moore, Esq. for his inclusion in the 2026 edition of The Best Lawyers: Ones to Watch in America recognizing his work with closely held companies and family businesses law. This is the third year that Corey has been recognized for this peer-reviewed distinction. Congratulations, Corey!
What Is The Generation-Skipping Transfer Tax?
By Corey W. Moore, Esq. When planning for tax implication upon death, most client questions revolve around the Federal Estate and Gift Tax and the corresponding exemption ($13,990,000 for 2025). However, there is potentially another tax that wealthier individuals need to take into consideration when planning their estates, the Generation-Skipping Transfer (GST) Tax. The GST […]
The Attributes of a Personal Representative for Your Estate
By: Timothy P. Bryntesen, Esq. Attorneys are often asked about the required qualities of the person to put “in charge” of a client’s estate after they die. The Personal Representative (also known as the Executor or Administrator) of an estate plays a crucial role in managing the administration of a deceased person’s estate. The Personal […]
Revocable Living Trusts: What They Do (And What They Don’t)
By Jessica L. Miglarese, Esq. When many people hear the word “trust” or “trust fund”, they envision a tool used by the ultra-wealthy to protect assets, minimize taxes, and provide for future generations. While it is true that certain types of trusts offer these benefits to the trust creator (“Settlor”) while living, these trusts are […]
Otis & Bedingfield, LLC Wins ColoradoBiz’s 2024 Business Choice Award – Best Law Firm for Estate Planning
Otis & Bedingfield, LLC’s estate planning practice encompasses the drafting of wills and trust documents, enhancing asset protection and planning for special needs of a spouse, child, or grandchild, as well as the tax planning required to develop a comprehensive estate plan. The more complex area of this practice involves the use of family limited […]
The Need for Estate Planning
By: Corey W. Moore, Esq. June 4, 2024 Estate planning is not just for the wealthy or elderly; it is a vital task that every adult individual should undertake. At its core, estate planning involves making arrangements for the management and distribution of one’s assets and belongings in the event of incapacity or death. While […]
Probate 101
By: Timothy P. Brynteson, Esq. April 4, 2024 Estate planning attorneys are frequently asked by clients to explain the difference between a “will” and a “trust”. This question is normally asked in the context of planning for the disposition of assets upon a client’s death, so the assumption is that clients are looking for information […]
Taking Advantage of the Estate and Gift Tax Exemption
By: Corey W. Moore, Esq. November 1, 2023 The United States Internal Revenue Code, Subtitle B–Estate and Gift Taxes, provides every taxpayer with the ability to exempt a certain amount of assets from their estate. The Estate and Gift Tax Exemption (“Exemption”) for a single individual in 2023 is $12.92 million, meaning an individual could […]
Simplest Estate Planning
By Jeffrey T. Bedingfield, Esq. Have you ever wondered if there is a simple way to pass assets at death? Maybe for that elderly parent with few remaining assets? Well, there is. It certainly isn’t appropriate for all, but it can work well in the right situation. First, assets that name beneficiaries (IRA’s, life insurance, […]
