Most people want to avoid becoming embroiled in litigation at all costs, but there are times when it’s unavoidable. Whether you’ve been served or are thinking of filing a complaint, it’s important to understand what the main stages of litigation are, what the process entails, and how to navigate it. The term “litigation” simply refers […]
Construction projects open up general contractors, subcontractors and materials suppliers to a fair amount of financial risk, even with a thorough construction contract in place. As labor hours and materials costs ratchet up, contractors and suppliers need to have some recourse for recouping unpaid expenses. In Colorado, that protection comes in the form of mechanic’s […]
While construction projects vary greatly from one to the next in terms of cost and scope, there are a handful of crucial terms that should always be included in every contract to protect all parties involved. Clearly defining roles and responsibilities, as well as what to do when things don’t go as planned, is the […]
When companies are sold or merged, the ownership and management of assets (whether transferring from one company to another or merged into a new entity) can be complex. The mergers and acquisitions (M&A) process involves all tangible and intangible assets, including financial assets. This is where escrow comes into play. Escrow is a common transactional […]
The breakneck speed of technology developments can leave businesses struggling to keep pace, and leave little time to decipher what advancements are actually beneficial to growth, stability, and efficiency. Not every innovation is going to be a game-changer. Smart contracts are one of those recent developments that aim to improve efficiency and security. In this […]
Starting January 1, 2024, a new federal law known as the “Corporate Transparency Act,” (the “CTA”) will impose new reporting obligations that may impact your organization. The attorneys at Hackstaff, Snow, Atkinson & Griess LLC are here to help you learn about the new law and how your organization can comply with the CTA going […]
Mergers & acquisitions (M&As) are complex agreements that can make national headlines when they involve Fortune 500 companies, but they routinely happen among mid-size and small companies as strategic moves for growth. Real estate is often a component of an M&A transaction, as companies being sold may own office or retail space, laboratories, warehouses and […]
Most people are familiar with the basic needs of an estate plan: Will, Revocable Living Trust, Durable Power of Attorney and a Living Will or Health Care Power of Attorney. But high net worth estate planning requires individuals to also ensure that their estate plans are sophisticated and thorough enough to protect larger assets like […]
With the expected gift tax changes looming on the horizon, many clients are looking at ways to restructure estate plans to avoid estate and gift taxes. In this post, we’ll look at a few estate planning gifting strategies to consider: Family Trusts, Gifting Plans, Life Insurance Trusts, Grantor Retained Annuity Trusts (GRATS), and Spousal Limited […]
Colorado statewide property tax bills brought some unwelcome surprises to mailboxes in May 2023, with some property owners seeing tax increases as high as 65 percent in response to a recent spike in home values. This resulted in a record number of appeals flooding assessor’s offices throughout the state, prompting a new proposal (Proposition HH) […]
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