One of the primary reasons we open Colorado probate estates is to transfer real estate from the deceased person to the new owners. Here are the various ways we make that transfer and how to minimize the transfer costs of Colorado probate real estate.
Federal and state laws protect the rights of disabled individuals who need a service dog or other service animal in places of public accommodation. Unfortunately, some individuals take advantage of this federal law to allow their pet to accompany them.
There is more to negotiating a Colorado commercial lease than just the cost per square foot. Should a problem arise sometime during the lease term, the commercial lease terms can be critical. The time to negotiate those commercial lease terms is before the lease begins. Read and Understand the Commercial Lease This may seem obvious, […]
Avoiding ancillary probate is easy. By putting real estate into something called a nominee trust or living trust, ancillary probate proceedings and the associated expense can be avoided. As an alternative to a living trust, a limited liability company can be created, the real estate transferred to the company and then ownership in the company can be transferred to the heirs through the primary probate proceeding…
Congratulations! You have been “elected” to serve on your Homeowner Association (HOA) Board. So, what does that mean? What are your responsibilities? What should you do? The typical HOA Board is made up of four officers: President, Vice-President, Treasurer, and Secretary. The President typically prepares the meeting agenda, presides over meetings, appoints committees, execute contracts, […]
We often get asked to name multiple children, jointly, on medical powers of attorney, financial powers of attorney and as trustees. While there are legitimate reasons why clients want to name joint power holders, be aware of the potential costs.
The following are general definitions. Any particular term may be defined differently by a particular statute, case law, or the definitions section of the document in question. Consult legal counsel before acting on any information contained in this website.
The Conservator is a person designated by the probate court to oversee the assets of a protected person who, because of age, intellect or health, is incapable of managing his/her own affairs.
A Common Disaster Clause is a clause in a will that specifies how property is to be distributed, in the event that all intended heirs die from the same accident.
In some states, the law requires that all assets obtained during marriage belong equally to both spouses, excluding gifts and inheritance given specifically to one spouse. Such assets are termed community property. However, Colorado is not a community property state.