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Special Needs Trust: Farrah Soudani – Fundraising Press Release

October 14, 2015August 1, 2012 by Michael Smeenk

…sent prayers and well wishes for Farrah’s recovery.” Victoria sought help to set up the complicated Special Needs Trust (SNT) to protect funds exclusively for Farrah, while not disqualifying her from other available assistance programs. A generous donor retained Attorney Michael A. Smeenk of Boulder’s Frascona, Joiner, Goodman & Greenstein, P.C. to create the Trust. Following the press conference, the registered SNT document will be made available at www.gofundme.com/help-farrah. ###…

What Property Owners Should Know About Zoning Violations

October 28, 2015April 1, 2011 by Jordan May

As a result of these economically challenging times, many property owners come up with creative means to maximize income generated by their properties, whether residential or commercial. Recent examples include the proliferation of short term and vacation residential rentals like those seen on www.vrbo.com and www.craigslist.com. Other examples include property owners expanding property uses, including the operation of new businesses out of an existing property not zoned for the new…

Foreclosure Investing in Colorado

October 16, 2015August 1, 2010 by Jon Goodman

…of purchase holder tenders the funds to pay the HOA lien; the foreclosed upon deed of trust has a PUD rider allowing the deed of trust holder to pay off HOA liens; and the holder of the HOA lien refuses to accept the tender.(F48) The courts have held that the holder of the HOA lien must accept the payment tendered by the certificate of purchase holder.(F49) The holder of the…

The Anticybersquatting Consumer Protection Act

September 1, 2015June 1, 2010 by Cinthia Manzano

…dilutive of someone else’s trademark. The mark needs to have been distinctive or famous at the time of the registration for the ACPA to apply. In a Florida case, a real estate broker started a web site that would likely be reached when someone was searching for a particular builder. The website criticized the builder’s construction mistakes and invited others to complain. The builder won after arguing that the website’s…

Federal Estate Tax and Carryover Basis

June 6, 2022March 1, 2010 by Mimi Abrams Goodman

…able to allocate $1.3 million of additional basis to appreciated assets in estates of people who die in 2010. Another $3 million of additional basis may be allocated to assets passing to a surviving spouse, but not if the assets pass to certain trusts for family support, which are commonly used in estate planning, and which will receive the entire estate of people who die in 2010 under most of…

Joint Revocable Living Trust

October 20, 2015April 1, 2009 by Mimi Abrams Goodman

…community property.” Under Colorado law the result of this language is a tenancy in common, which allows each spouse to pass half of the property through his or her own estate. A joint revocable living trust is a superior vehicle for retaining community property in Colorado, as no special community property language is required on a real property deed or on an investment account titled in the trust, as long…

Is your Real Estate License Still Active?

October 12, 2015April 1, 2007 by Cinthia Manzano

…completed. Commissions or fees may be received by licensees only for transactions where the commission or fee “was earned prior to” the transfer to inactive status. It appears that some real estate agents are learning inadvertently that their licenses have transferred to inactive status due to a failure to comply with fingerprinting or continuing education requirements or a late payment of fees. There may be no notice from the commission…

Beneficiary Deed

September 3, 2015September 1, 2006 by Jon Goodman

…any purpose. This provision alone provides an advantage over the common practice of adding an intended heir as a joint tenant on property; there is no gift tax issue, and no potential for exposure of the property to the joint tenant’s creditors, because the grantee-beneficiary receives no interest in the property until the owner dies. The beneficiary deed also provides an alternative method to transfer real property to an owner’s…

Properly Signing a Will

October 15, 2015June 1, 2006 by Mimi Abrams Goodman

The Importance of a Properly Executed Will, and What it Does and Doesn’t Control In Colorado, signing a will with the proper formalities can make a big difference in the administration and distribution of your estate. Colorado has a progressive, consumer-oriented probate system. Commentators in the national media constantly warn the public to “avoid probate,” but in most cases these warnings do not apply to Colorado residents who do not…

Beneficiary Deeds in Colorado

June 6, 2022January 1, 2005 by Mimi Abrams Goodman

Colorado’s new beneficiary deed law became effective on August 4, 2004. The law applies to beneficiary deeds recorded by owners who die after that date, and governs not only beneficiary deeds created after that date under the new statutory guidelines, but also to the older “transfer on death” deeds previously authorized in Colorado. The new law answers many of the questions about these deeds left open by the general “transfer…

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