For many families, real estate assets represent some of their largest assets. Planning for inheritance of real estate involves many factors which must be balanced in determining a family’s estate plan, e.g., income and estate tax planning, asset protection, rights to use among different heirs, ongoing management and ongoing funding of maintenance. Handling real estate […]
In September 2024, Colorado property tax law changed yet again, in what was intended to be the end of a lengthy debate over what would be considered “reasonable” tax relief for both residential and commercial property owners. The result of a special legislative session, House Bill 1001 put more stringent limits on the rates for […]
Few real estate transactions are simple and straightforward, but thankfully most are completed at the closing table without any further issue or need for litigation. There are, however, some situations that can lead to legal proceedings. We’ve compiled a quick list of the most common challenges that brokers and sellers should be mindful of and […]
A title defect happens because of claims made against that property by someone other than the current owner. Also called a “cloud on the title,” these defects can exist in many forms. For example, a lien against the property for unpaid child support, spousal support, or another debt can prevent a property from being sold […]
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