Blog Articles

Eleven LLC Practices and How To Protect Your Assets (infographic)

Eleven LLC Practices and How To Protect Your Assets (infographic)

Personal Assets and Piercing the Corporate Veil A benefit of a Limited Liability Company (LLC) is the personal liability protection the entity provides members and managers. Quite often, if the LLC is sued, not only will the plaintiff try and attack the assets of the defendant LLC, but also the assets of its managers and/or member owners. The legal term for attaching personal liability to an LLC’s members and/or managers for corporate debts, is “piercing the corporate veil”.  Therefore, once the corporate…

Read More Read More

Colorado’s Vehicle Transfer on Death Law 

Colorado’s Vehicle Transfer on Death Law 

Colorado’s vehicle transfer on death law allows ownership of vehicle to pass to the beneficiary outside of probate, giving individuals the ability to transfer their cars or vehicle to a beneficiary on the death of the owner. Since cars and other vehicles need to be maintained, and they depreciate rapidly, it does not makes sense to have them sitting around for months or even a year in Colorado weather, while waiting for probate to end. Vehicles should be transferred to their new…

Read More Read More

How to Transfer Your Real Property to an LLC

How to Transfer Your Real Property to an LLC

Some individuals and couples transfer title of real property to an LLC as a way to shield them from personal liability, pay fewer taxes through asset depreciation, avoid probate, or for estate planning purposes. Some of these purposes are succession planning, gifting, or lowering estate taxes. Perhaps, the property is an in-town rental, vacation home, out-of-state property, or vacant land; placing the property into LLC can protect the property owner, lessen the tax burden, and streamline probate process. An LLC…

Read More Read More

Overseas Estate Planning Tips

Overseas Estate Planning Tips

Summer is a time when most of us go on a trip or vacation. Many of us will travel overseas; here’s a couple estate planning and financial common sense tips to consider before you leave overseas for your holiday. Make copies of your financial and health care power of attorneys and take them with you, upload digital copies to the cloud, as well. If you’re in an accident, in a bind and need someone to handle your affairs, it’s best…

Read More Read More

A Graduation Gift That Gives Peace of Mind

A Graduation Gift That Gives Peace of Mind

With graduation season upon us, parents of adult students should have their kids sign a health care power of attorney to ensure that they will be there for them should their child be in a serious accident. It’s a tradition that graduates receive gifts from friends and family, however I recommend that diploma recipients give their parents or guardians this one gift before they leave for college, the military, or take a full time position on the couch in the…

Read More Read More

(303)900-2529 || paul@pmillerlawoffice.com || Disclaimer
Click Here To Schedule A Consultation