FAMLI Program Rollout Attention small business owners in Colorado: the new Family and Medical Leave Insurance (FAMLI) program began on January 1, 2023. First payments are due by April 30th, 2023. FAMLI is a state-run program providing wage replacement benefits to employees who need to take time off work to care for their family. Benefits can be used for taking care of a new child, or looking after a family member who has a serious illness. Colorado FAMLI Program: How…
Losing a loved one is never easy, and dealing with their estate can be overwhelming. If the deceased person however, owned real property or had assets valued at over $74,000 (as of 2023), opening up probate may be necessary. While probate can seem daunting, there are several reasons why it’s important to go through the process. Below are six compelling reasons why you should consider opening probate on behalf of a loved one who has passed away with significant assets….
In Colorado, determining whether a worker is an employee or an independent contractor is important for a variety of reasons. These include the obligations of employers to provide workers’ compensation insurance, unemployment insurance, as well as other benefits. Moreover, under Colorado law, an individual is presumed to be in covered employment unless it is shown: Shifting Burden of Proof Typically, the if a worker performs services for a company, the presumption is they are an employee. The burden of proof…
Blended families bring unique challenges when it comes to estate planning. Parents have to navigate complexity of managing assets and ensuring the well-being of children. It can be overwhelming to with all the various options available. By understanding and putting into place some common estate planning strategies, blended families can ensure that their assets are protected and distributed according to their wishes. Not every strategy may be necessary for your particular circumstances. But having a good understanding of the options…
Real property transfers and estate planning go hand in hand, as transferring ownership of real estate is often a key part of the estate planning process. Whether you’re looking to transfer property to your children, donate it to a charitable organization, or use it to fund a trust, it’s important to understand the legal and financial considerations involved. Below are the different ways to transfer real property in the state of Colorado. Hopefully these tips will help you create a…