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Private Equity – What Every Business Must Know

If you own a small or mid-sized business that has sold equity in the business through a private equity sale, you may think that you do not need to worry about securities laws. After all, you do not sell shares on any of the stock markets, and you have not “gone public,” so maybe you […]

Colorado Will Contests (Who Can Contest and How to Do it)

No one wants to imagine a situation in which a will contest is necessary, but unfortunately, sometimes there’s no avoiding it. A will contest allows someone to challenge the way in which a will distributes the assets of a person who has died.  Like all states, Colorado has special rules regarding will contests, including who […]

Non-Compete Agreements – When are they Enforceable?

As a business owner, you’d probably like to limit your former employees from taking the skills, information and “know how” learned at your company to a competitor. You may be able to accomplish this feat by having them sign a non-compete agreement or restrictive covenant during the hiring process— but beware! Colorado law is quite […]

Why you need written agreements with your business partner!

As business attorneys, we are routinely surprised how often successful business partners do not have agreements governing their business relationship.  Before people get married, they usually give a good deal of thought to whether their partner is right for them. They may take months or even years, to see if what they have with the […]

5 Things to know when you Receive Stock Options or Stock Awards

If you company has offered you stock options or other stock awards, here are five things you should know: 1.  Lower Salary Now Stock options give you equity, or an ownership share, in the company. Usually if a company offers stock options, it’s because your base salary will be lower than the average for your position […]

Closely-Held Business Planning

Most businesses in the United States are small, closely-held or family owned companies. However, due to insufficient estate, insurance, and succession planning, many of these businesses do not survive through multiple generations. Small-business owners can find themselves preoccupied with the day-to-day workings of their business, but it is important that they talk to an attorney […]

Nursing Home Funding

The decision to place a spouse or loved one into a nursing home is often a difficult one, and stress and anxiety typically surround this determination. On top of the pressure to choose the right facility, or the difficultly coming to terms with the surrendering of control to a new caregiver, most of us would […]

Medicaid Planning

Many families with elderly parents or spouses should consider consultation from an elder law attorney about Medicaid qualification and benefits. Qualifications for Medicaid are complex and it is important that families take proactive steps to maximize their potential benefits. As an unfortunate example of insufficient planning, consider the case of Schell v. Department of Public […]

End of Life Options Act

Colorado recently became the fifth state to allow medical aid in dying. The passage of Proposition 106, or the End of Life Options Act (the “Act”), is a catalyst to encourage Coloradans to think about and plan for potentially life-threatening situations. To exercise rights under the Act, an individual must be 18 years of age […]

Colorado Uniform Trust Decanting Act

The Colorado legislature recently passed the Colorado Uniform Trust Decanting Act (the “Act”). The Act, which went into effect on August 10, 2016, allows a trustee to reform an irrevocable trust document to ensure that the trust fulfills the original intent of the person who created the trust. The term “decanting” means the pouring of […]

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