Colorado Springs Attorney Bart Rice has the experience and integrity to represent your intentions along with the work ethic to follow through with your best wishes foremost in mind.

Bart Rice specializes in the following areas:

• Estate Planning - Estate planning, is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. The various goals of estate planning include making sure the greatest amount of the estate passes to the estate owner's intended beneficiaries, often including paying the least amount of taxes and avoiding or minimizing probate court involvement. Additional goals typically include providing for and designating guardians for minor children and planning for incapacity.
• Wills - In the common law, a will or testament is a document by which a person (the testator) regulates the rights of others over his or her property or family after death. For the devolution of property not disposed of by will, see inheritance and intestacy. In the strictest sense, "will" is a general term, while "testament" applies only to dispositions of personal property (this distinction is seldom observed). A will is also used as the instrument in a trust.
• Probate Administration - Probate is the legal process of settling the estate of a deceased person, specifically resolving all claims and distributing the decedent's property.
• Revocable Living Trusts - A revocable living trust is an arrangement by which you transfer ownership of your assets to another entity, a trust. As a “living trust,” the transfer of assets must occur during your lifetime. You (the settlor) can set up a trust with your own assets and retain management and control of these assets if you act as your own trustee. You can also designate someone else as your trustee; for instance, in the event you become incapacitated.
• Irrevocable Trusts Insurance - An irrevocable life insurance trust, often called by its abbreviation - ILIT, is a unique legal document to help keep the proceeds of a life insurance policy outside of the estate and thus potentially free of estate tax and income tax.
• Charitable Trusts - A charitable trust is a trust established for charitable purposes. Charities may take the form of charitable trusts, companies or unincorporated associations.
• Asset Protection - Asset protection is a method by which an individual or entity protects their assets through the use of multiple entities, trusts, insurance, and estate planning.
• Business Entities - Representing Buyers and Sellers in the Formation and Liquidation of Entities
• Sole Proprietorships - A sole proprietorship is a business owned and managed by one person, who is personally liable for all business debts and obligations. For tax purposes, the owner and his or her business are one entity, meaning that business profits are reported and taxed on the owner's personal tax return.
• Corporations (C and S Corporations) - A C corporation is simply a standard business corporation. It is called a C corporation because it is taxed under subsection C of the IRS code. An S corporation with a limited number of shareholders that is treated as a partnership for tax purposes.
• General Partnerships (GP's) - A form of ownership in which more than one entity is involved, usually formed by agreement, in which all entities are, to degrees stipulated in the agreement, responsible for the success or failure of a business.
• Joint Ventures (JV's) - The cooperation of two or more individuals or businesses--each agreeing to share profit, loss and control--in a specific enterprise.
• Limited Partnerships (LP's) - A partnership comprised of limited partners who put up the cash with which to purchase an investment property and one or more general partners who manage and operate the investment property.
• Limited Liability Partnerships (LLP's) - A partnership in which the liability of all partners is limited. Generally, the partners are not responsible for the debts, obligations, or liabilities of the partnership resulting from the actions or negligence of another partner, employee or agent of the partnership.
• Limited Liability Companies (LLC's) - An unincorporated business form that provides limited liability for its owners and may be taxed as a partnership. To create an LLC, a certificate must be filed with a state official. Unlike C corporations, the earnings of LLCs are not subject to double taxation.
• Real Estate Transactions
• Buy-Sell Agreements for Business Entity Succession Planning

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