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 […]
Home buyer’s remorse used to mean having some misgivings about the house purchase price paid and the monthly mortgage payments. Today, it can mean a lawsuit against the home seller. Sometimes, those lawsuits can be for hundreds of thousands of dollars. In most cases, insurance does not cover the loss or even the defense. For […]
With the current COVID-19 situation, we have received several phone calls asking about medical and financial powers of attorney. In the context of young adults, we call these documents Gap Legal Authority Documents (GLAD). GLAD is (1) a HIPPA release form, (2) a medical power of attorney and (3) a financial power of attorney. Not […]
After a parent enters the hospital, family members often want Colorado medical and financial powers of attorney. A person who is unable to physically execute a Colorado power of attorney may direct another to execute on their behalf. The process is more complicated, but a person does not have to physically sign the Colorado power […]
When damage occurs in condominiums or townhomes, one of the main questions is whose insurance is left holding the bag. Does the homeowner’s insurance pay? Or does the Homeowners Association’s? An Association’s responsibilities are laid out in their Covenants, Conditions, and Restrictions (“CC&Rs” or “Declaration”). However, when it comes to allocating insurance responsibilities between homeowners […]
Short term rentals are defined generally as a rental that lasts for less than 30 consecutive days. Airbnb and VRBO are just a few of the many companies who are trying to profit off homeowners renting empty rooms or empty homes to vacationers. While that may seem like an appealing way to make money for […]
Perhaps the most asked question in our office is, do I need a trust as part of my Colorado estate plan? The answer depends. There is no Colorado litmus test for who does or doesn’t need a trust. There are certain factors that influence the decision. Some clients specifically request an estate planning trust because […]
As we approach the Fourth of July, you and many of your neighbors are probably planning to fly the American flag. However, if you live in a community governed by a homeowners association, this benign act of patriotism may be against the rules. In fact, a quick Google search reveals pages full of news articles […]
The Colorado Red Flag bill is on its way to becoming law. The Colorado Red Flag Bill allows the Court to issue an order requiring you to surrender your firearms. As set forth in a previous article, your firearms trust may provide additional protection from confiscation. For that reason, many people are transferring their Title […]
We strongly recommend purchasing trust firearms using trust funds. Using a trust financial account and saving the receipts properly documents the purchase by the trust. It is possible to properly document the firearm purchase without a separate trust financial account by using the Declaration of Contribution form provided with your trust, but many will find […]