Due Diligence for Zoning in a Commercial Real Estate Purchase
By Stacey L. Shea, Esq. When considering the purchase or lease of commercial real estate, there are a number of due diligence steps that one should take before committing. One important step in the due diligence process is understanding the property’s zoning and if it aligns with your intended use. The current use of property […]
Common Contractual Provisions and Their Implications
By Derrick K. Galantowicz, Esq. Business owners deal with a variety of contracts in the course of their operations. Most focus on the main terms in a contract, such as what’s being purchased, payment terms, and timing considerations. However, certain contractual provisions with serious legal implications appear frequently across various types of contracts and are […]
The Pitfalls of Legal AI Tools: Why DIY May Cost You More in the Long Run
By Lia Szasz, Esq. Legal technology has made remarkable strides in recent years, offering affordable, automated solutions for common legal needs. Platforms like LegalZoom, Rocket Lawyer, and others promise quick, low-cost options for forming businesses, drafting wills, or managing contracts. While these tools can be useful for basic tasks, they come with significant limitations that […]
The Attributes of a Personal Representative for Your Estate
By: Timothy P. Bryntesen, Esq. Attorneys are often asked about the required qualities of the person to put “in charge” of a client’s estate after they die. The Personal Representative (also known as the Executor or Administrator) of an estate plays a crucial role in managing the administration of a deceased person’s estate. The Personal […]
A House Divided: Separating Interests in Real Estate Through Partition Actions
By: Lia Szasz, Esq. Under Colorado law, a partition action is a legal proceeding used to divide or sell jointly owned real estate. When co-owners can’t agree on how to manage, use, or sell their property, Colorado’s partition statute provides a mechanism to separate their interests. Any co-owner can initiate a partition lawsuit independently. A […]
Revocable Living Trusts: What They Do (And What They Don’t)
By Jessica L. Miglarese, Esq. When many people hear the word “trust” or “trust fund”, they envision a tool used by the ultra-wealthy to protect assets, minimize taxes, and provide for future generations. While it is true that certain types of trusts offer these benefits to the trust creator (“Settlor”) while living, these trusts are […]
Lawyers of Distinction Selection for 2024
Letters of Intent: Are They Necessary?
By Derrick K. Galantowicz, Esq. A Letter of Intent (LOI) acts as a preliminary document outlining several basic and essential terms and conditions of a potential business transaction. They are generally not legally binding and are seen by some as an unnecessary formality, but they can play an impactful role in shaping a future Purchase […]
Colorado Legislature Gives Local Governments First Dibs on Certain Multifamily Properties
By Stacey L. Shea, Esq. While it is not unusual for surprises to pop up during due diligence reviews when buying or selling multifamily residential real estate, there will now be one more due diligence consideration to add to the list. Effective August 7, 2024, Colorado House Bill 24-1175 will act to provide local governments […]
Otis & Bedingfield, LLC Wins ColoradoBiz’s 2024 Business Choice Award – Best Law Firm for Estate Planning
Otis & Bedingfield, LLC’s estate planning practice encompasses the drafting of wills and trust documents, enhancing asset protection and planning for special needs of a spouse, child, or grandchild, as well as the tax planning required to develop a comprehensive estate plan. The more complex area of this practice involves the use of family limited […]
