The use of trusts in estate planning continues to be a hot topic among estate planning professionals and their clients. For example, whether or not to use a revocable living trust to avoid probate continues to be a widely discussed option in estate planning. The purpose of this article, however, is to discuss the use […]
Testamentary Trusts in Estate Planning Read More »
We live in a litigious society. We see news stories about the latest lawsuit, and how a jury awarded a zillion dollars for something that appears minor. (Paging, the McDonald’s My coffee is too hot award.) There are also social networking sites dedicated to spreading the word about frivolous law suits. (https://www.facebook.com/ColoradoLawsuitAbuseWatch?) Countless clients, after
Ways to Minimize Your Businesses’ and Your Personal Liability Read More »
The status of a worker as an “employee” or an “independent contractor” continues to be an issue for both employers and the IRS. The basis of the issue is how the particular designation affects the employers’ payment of employment taxes. For those employers who have incorrectly in the past treated workers who are employees as
Independent Contractor vs. Employee Read More »
The average person has likely never heard of the Federal False Claims Act (the “FCA”). 31 U.S.C. §§ 3729 – 3733. Yet, it will likely touch the lives of most Americans directly or indirectly at some point. The FCA imposes liability on individuals and companies who defraud governmental programs and is widely used in the
The goal of estate planning is to provide for the management and transfer of a person’s property in the event of their death or incapacity at the smallest financial cost to their family. A properly structured estate plan allows someone to choose his/her beneficiaries, provide for the management of their assets, and eliminate or reduce
Reconsideration of Estate Planning Under New Tax Laws Read More »
As an employer, do you need an employee manual? If your business already has an employee manual, when was the last time it was reviewed and revised? If it has been some time since the manual was prepared, you should consider updating it because, among other things, the laws governing employment are constantly changing. Some
Employee Manuals: Necessity or Luxury? Read More »
A durable power of attorney for your soon to be eighteen year old son or daughter? But aren’t these more suited for older adults? Not always. Once your child is eighteen years old, he or she is an adult in the eyes of the law, whether or not he or she is still in high
Durable Power of Attorney: The Perfect Accessory for the 18 Year Old Who Has Everything Read More »
After recent tax changes, owners of small businesses face a question: Should the business continue to function as an S corporation, or should the entity revoke its election under Subchapter S of the Code? Despite a number of statutory constraints, conventional wisdom has generally favored an S corporation classification. An S corporation is a pass-through
For most small business owners, the most complex and expensive legal arrangement they enter into is their lease for their business premises. The purpose of this article is to highlight for small business owners some of the standard provisions of a typical business lease. One of the most common initial misperceptions of a lease
Lease Issues for Small Business Owners Read More »
The Colorado Employment Verification Law (C.R.S. § 8-2-122) requires that Colorado employers affirm the legal work status of a new employee within 20 days of hire and retain copies of the new hire’s identification documents. This requirement is separate and apart from Form I-9, whereby the employer verifies the legal work status of a new
Colorado Employment Verification Law Read More »
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