I wanted to know about possibly moving to other states with your Colorado NFA trust / title II equipment. I understand that the Colorado NFA trust will not provide any legality in in terms of owning title II items if a state prohibits them, but say I move to a state that does allow title II. How difficult would it be to amend or file?
Many Coloradoans are transplants from the East and West Coast. While Colorado does not have an estate tax or inheritance tax, other states do. You do not have to be a resident of these states to get clipped by the tax. All you need is real estate.
I have been drafting estate plans for about twenty years. For about twenty years, I have successfully avoided making trusts the beneficiary of retirement accounts, save for a few occasions. However, recent federal court cases stripping the asset protection benefits of inherited Individual Retirement Accounts (IRAs) have put an end to that streak. Protecting retirement accounts from a beneficiary’s creditors requires a stand-alone retirement account trust.
Realtors negotiating price back and forth by text message may find themselves with some unhappy clients if not a lawsuit. The general rule in real estate is that all contracts for the sale of real estate must be in writing.
Prior to July 1, 2013, funding a Colorado revocable trust with Title I firearms was easy and uncomplicated. A generic bill of sale transferring all of the Trust Maker’s (i.e., Settlor’s) personal property transfers any currently owned, Title I firearms and accessories.
Short answer: It’s about the money. Little longer answer: The estate planning questionnaire tells your estate planning attorney what type of plan may be best for you and can save many hours in attorney time upon your death.
Understanding Local Colorado Real Estate Law Thinking about buying real estate in the Bahamas? Maybe a timeshare in Barbados? A quaint villa in the French West Indies? Well, before you do, you may want to research the local real property taxes, think about how this little piece of paradise fits into your overall estate plan […]
Homeowner association assessments are charges levied by the homeowner association to pay for the expenses of the community. In some homeowner associations, the assessments can be substantial because the homeowner association pays for utilities, roads and other services.
Foreign Country Money Judgments. Perhaps the title to this month’s article sound a bit dry unless you are one of the growing number of people doing business deals throughout the world. Often, a person obtains a judgment in a foreign country against another person with assets located here in Colorado. The secret is knowing how to enforce that foreign country money judgment here in Colorado.
Unmarried couples sometimes go in together on a home purchase only to break up and then find out how hard it is to force their former partner to sell the home.