Blog Posts in May, 2016 Retirement Plans in Divorce Posted By Jorgensen, Brownell & Pepin, P.C. 31 May. 2016 In divorce agreements and orders, marital assets and debts are divided equitably (fairly, but not necessarily equally) between the parties. This includes retirement accounts. Retirement plans are categorized as either defined benefit or defined contribution plans. A defined benefit plan identifies the specific benefit that will be payable at retirement. There is no specific amount attached to the ... Continue Reading Share This Post: What Penalties Do You Face as a Contractor If You Don't Pay Your Subs? Posted By Jorgensen, Brownell & Pepin, P.C. 23 May. 2016 Colorado’s trust fund statute requires contractors or subcontractors who receive funds for a construction project to hold those funds in trust to pay any subcontractors or laborers who have provided labor or materials for the project. C.R.S. § 38-22-127. Failure to pay the subs or laborers can have very serious consequences for the contractors. For example, violations of the trust fund ... Continue Reading Share This Post: Conflicts in Guardianships and Conservatorships, Part 1: "But I Have a Power of Attorney!" Posted By Jorgensen, Brownell & Pepin, P.C. 19 May. 2016 When most people think of conflict in a guardianship and conservatorship situation, they think of conflict among the family members deciding who will be appointed guardian and conservator for an elderly parent or other relative who may need assistance. However, there are times when the person may disagree about the need for help. It is quite common for a person in the early stages of ... Continue Reading Share This Post: New Ruling Regarding the Interpretation of Colorado's Maintenance Statute Posted By Jorgensen, Brownell & Pepin, P.C. 13 May. 2016 Colorado’s maintenance statute previously set out factors for the court to consider, but then left the term and amount up to the discretion of each individual judge. In an effort to streamline the orders and have some consistency across the state, new maintenance guidelines were put into effect in January 2014. The guidelines were “advisory” rather than presumptive, but our ... Continue Reading Share This Post: The Dangers of Insuring Entity-Owned Residential Property Posted By Jorgensen, Brownell & Pepin, P.C. 12 May. 2016 Homeowner’s insurance covers damage or loss to all types of homes. The purpose of homeowner’s insurance is to protect the owner against property damage to the insured property, as well as from lawsuits for personal injuries or property damage that stem from the insured property. Also, while it is obvious that homeowner’s insurance is meant to insure the home, oftentimes Section ... Continue Reading Share This Post: Are You Common Law Married? Posted By Jorgensen, Brownell & Pepin, P.C. 10 May. 2016 There are many misunderstandings about what constitutes a common law marriage in Colorado. Often we get calls from people who have lived with their significant other and have questions regarding what rights they have. Colorado is one of the few states (there are fewer than 10) that still recognizes common law marriage. Under Colorado case law, whether a marriage exists may be a question that needs ... Continue Reading Share This Post: Blog Home 6 results found. Viewing page 1 of 1.