In a revocable family living trust, can you prevent your mentally incompetent spouse from being the successor trustee?
Nicholas's answer
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Answered on February 10, 2025
Generally speaking, yes, but it depends on the language in the trust and who initially established the trust. From your question, it sounds like...
If my mother gave a verbal agreement to my sister and I, can legal action be taken if agreement wasn't satisfied?
Nicholas's answer
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Answered on February 10, 2025
In general, agreements to make a gift are not enforceable. So, if the agreement was that she would gift you and your sister $100,000 each, that...
Can I open private counseling practice without Colorado state license based on the religious exemption?
Nicholas's answer
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Answered on October 02, 2020
This is a rather complicated question. While the mental health practitioner licensing statutes provide an exception for "religious ministry," that...
How difficult is it to fire a trustee of an irrevocable trust in Colo?
Nicholas's answer
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Answered on September 23, 2020
This depends, to some degree, on the language of the trust. Generally speaking, a trustee is required to manage the trust for the best interest of...
Wage theft?
Nicholas's answer
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Answered on September 23, 2020
This would likely not be a wage theft issue, since what you are describing sounds more like an independent contractor than an employee issue....
Can I sue my dad for spending inheritance money for me in my account that only he had access to but it was my money?
Nicholas's answer
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Answered on September 08, 2020
I generally agree with my colleague above. I would add that you may have some recourse even if your father was not the personal representative, and...
Can I use my home as my business address for my LLC? Does that pierce the veil of liability protection?
Nicholas's answer
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Answered on September 08, 2020
Generally, you can use your home for your business address. You are correct to keep veil piercing in mind, but the mere fact that your business and...
Does my brother have to split the balance of the checking account if he was a joint owner and has the right to survivorship?
Nicholas's answer
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Answered on August 24, 2020
Generally speaking, a bank account that is owned jointly between two people with rights of survivorship passes to the surviving joint owner. This...
Thinking about starting co for investing in financial instruments such as stocks, startups; is it feasible?
Nicholas's answer
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Answered on August 24, 2020
There are many options available to you based on what you are describing. If you are not putting much money into this, simply opening a brokerage...
How do we remove stepchildren from my deceased father's home?
Nicholas's answer
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Answered on August 18, 2020
Someone will likely need to be appointed as executor or personal representative in order to act. If the value of his estate was below certain...