Kitten Edition!! (AKA Estate Planning for Pet Owners)

Estate Planning for Pet Owners Here’s something you may not know about me:  I’m a pretty crazy animal person.  I love all kinds of animals, I’m a strict vegetarian, and I try to volunteer as much as I can at different animal shelters. In order to tie in my love for animals, I am going to talk about a few estate planning issues for pet owners.  Since my animals are the closest things I have to kids, I understand that …

Debunking Common Law Marriage in Colorado

Debunking Common Law Marriage in Colorado It is my experience that people are often totally clueless confused when it comes to common law marriage in Colorado. I’ve heard many beliefs about common law marriage that are just plain wrong. The most popular of them being that there is a time requirement for common law marriage. There is no time requirement for common law marriage. It doesn’t matter if you’ve been in a relationship with someone for fifty years; if you …

Putting Investment or Rental Property in an LLC

Putting Investment or Rental Property in an LLC “Should I put my investment or rental property in an LLC?” I get asked this a lot. I mean, a lot. Putting an investment or rental property into a limited liability company (LLC) can be a fantastic way to protect your personal assets from any liabilities of the property(ies). If you are thinking about putting an investment or rental property into an LLC, or if you already have, there are a few …

Estate Planning for Same Sex & Unmarried Couples: Designated Beneficary Agreements

Estate Planning for Same Sex & Unmarried Couples: Designated Beneficiary Agreements Designated Beneficiary Agreements were created in Colorado in 2009 under the Designated Beneficiary Agreement Act. What a Designated Beneficiary Agreement does is allow two unmarried people to give to each other certain legal rights, benefits, and protections that they wouldn’t otherwise have without being married. That’s why they are perfect for same sex and unmarried couples; you get many of the (legal) benefits of being married without having to actually …

The Colorado Simple Will

The Colorado Simple Will In Colorado, wills, like people, come in all shapes and sizes. For many people, namely couples with no children or adult children, a “simple will” is going to be sufficient to address their needs and concerns. A Colorado simple will is typically going to have at least the following four components: 1)      Family Information: Your simple will needs to describe your family. For example, “I am married to ________________. For purposes of this will, all references to …

Medical Power of Attorney

Power of Attorney for Healthcare Simply put, a power of attorney is a document that allows you to name an agent who can act on your behalf. A medical durable power of attorney, or power of attorney for healthcare, thus, allows you to name an agent to make medical decisions for you in the event that you are incapacitated or otherwise cannot make those decisions yourself. The “durable” in durable power of attorney simply means that the power of attorney …

What is a Living Will?

What is a Living Will? There is a lot of confusion about what a living will is, and people commonly confuse the living will, will, and power of attorney for healthcare. A living will is a document that allows you to give instructions and make known your wishes regarding life-sustaining medical care. The living will is also commonly referred to as an advance directive or a health care directive. And while a living will is often used in conjunction with a medical durable …

Why You May Want to Hire a Young Lawyer

Why You May Want to Hire a Young Lawyer People are often hesitant to hire young lawyers. Many will favor the guy whose outdated website brags that he has “over thirty years of experience” over the newbie law school grad who just opened his solo law firm a week after getting sworn in to the state bar. Older lawyers, by virtue of having been alive longer, will have more experience in and knowledge of their chosen area of law. Of …