There is a lot of conversation at the Colorado State level surrounding taxation of vacation rentals. As of right now, three bills may be presented. First, HB22-1117 has been presented as an opportunity for county governments to introduce lodging taxes at a county level. These taxes would be dedicated to tourism marketing and workforce housing. […]
I would not have believed it if I didn’t hear it with my own ear. The Colorado General Assembly considered taxing residential property as commercial if that residential property was held in an LLC or other entity. This would result in about a 400% increase in property tax. For now, the proposal did not make […]
Hold on to your hats because this is a tough subject. If your estate plan involves irrevocable trusts, understanding how long-term capital gains are taxed inside the trust is important. In general, federal income taxation is segregated into three broad categories: income, short-term capital gain, and long-term capital gain. An example of income would be […]
We hope that you’ll find these tips and insights helpful for your life planning. We are here to assist you. We appreciate your feedback and inquiries.
Worried About A Child’s Inheritance in a Divorce? Think Inheritance Trust. In 2019 the U.S. marriage rate for women was 16.3 per 1,000 women 15 years or older. The divorce rate was 7.6. For those wondering why women and not men, according to the U.S. Census bureau, women are a better and more accurate source […]
Part of planning for your life is anticipating that you may become incapacitated and need someone to make decisions as you would like. A written power of attorney gives someone you trust this power. There are; however, a number of things to keep in mind as you do this. We get these questions often. Can […]
Most contracts never get reviewed by a lawyer before they are signed. Here are few contract clauses that catch my eye – and they should catch your eye, as well. Whether the clause is a favorable or unfavorable addition to the contract depends on each, individual situation.
In this troubled economy, many Coloradoans are finding themselves out of a job. Finding a new job can become even more difficult if the former employee signed a valid, noncompete agreement.
There is an old saying that the devil is in the details. The details for an estate plan are funding your revocable trust. It is also the biggest complaint we get from our financial planning friends – we lawyers draft the document and don’t fund the trust. The decision to pay the lawyers to fund […]
COVID-19 lawsuits are filling the courthouses. This comes after a long line of other lawsuits over home sales, the ADA, employment law, car accidents, unpaid bills, and let’s not forget divorce. To protect adult children from losing generations of wealth, parents are leaving their inheritance to their children, in trust, with the adult child in […]