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 and [...]
Hurray! The federal estate tax exemption is 1.5 million this year. Hurray! A married couple with a tax planning estate plan can shelter up to 3 million from federal estate tax. Hurray! The federal exemption will go even higher in the year 2009. But … what about STATE estate [...]
With more and more people buying residential real estate for investment purposes, many novice landlords learn the hard way that keeping a security deposit can result in big trouble. Landlords must comply with Colorado’s Wrongful Withholding of Security Deposits Act (the “Act”). Read on and save yourself (or collect!) treble damages and attorneys fees.
Colorado’s Wrongful [...]
There is more to a commercial lease than just the cost per square foot. The written terms of the lease can be critical to a tenant’s rights should a problem arise sometime during the lease term. The time to negotiate those lease terms is before the lease begins. Here are just a few tips when [...]
Yes, he owes child support, and he owes a lot. Can that child support judgment be collected? For many single mothers in Colorado or other states, the answer is yes, but it is going to take some work. Here are some suggestions for turning that debt into hard currency. …The first step in collecting a child support judgment is to calculate exactly how much is owed. Unlike other debts, a Colorado child support judgment currently accrues interest at 12%, compounded monthly - that’s right, monthly. However, the child support interest rate in Colorado has changed many times over the years.
In a previous article, I wrote about how to collect a child support debt. After reading the article, I realized I left out a key element in collecting a child support debt, or any debt for that matter. The debt must be reduced to a Judgment.
Child Support: Debt vs. Judgment
A debt is very different from [...]
What to Expect From an Estate Plan
An estate plan is more than a will or a living trust. It is a combination of many documents. Many people are surprised to learn just how many documents are involved. Here is what you should expect to receive in any estate plan:
What to Expect from a Will-Based Plan [...]
Child Support Collection in Colorado
Question: If a parent owes $250.00 per month in child support and does not pay for 17 years, how much is owed at the end of 17 years?
Answer: In Colorado, about $175,000.00.
The issue of unpaid child support and unsupported children is an important issue in the United States. Over [...]
What is an Exculpatory Clause?
Today, virtually every form contract contains an exculpatory clause. An exculpatory clause is a clause in the contract that strictly limits the liability of one party. For example, if you rent skis from a local ski shop, the contract may contain an exculpatory clause limiting the liability of the ski shop [...]
A broken marriage is a marriage overflowing with broken promises and misunderstandings. The last promises are those made in the divorce decree. While those promises, like others, are usually broken or misunderstood, many disgruntled ex-spouses are going to court to enforce the promises, or the promises as they remember them. However, the court is not [...]
Douglas A. Turner, Esq., the founder of our firm, is a Colorado-based attorney with over 15 years of experience in estate planning, probate, asset protection, family wealth preservation, Colorado real estate, company formation, and business law. To learn more, contact us at 800-850-0607. • Meet Our Team •
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