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 […]
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. Here is what you should expect to receive in any estate plan: What to Expect from a Will-Based Plan If your plan is a Will-based plan, you should receive […]
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 […]
In Colorado, a life insurance company cannot use suicide to avoid payment of a death benefit if the suicide occurs more than one year after the life insurance policy is in force.
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 […]