The Colorado Court of Appeals recently held that accounts set up under the Colorado Uniform Transfers to Minors Act (UTMA) belong to the children in the event the parents divorce. See In Re the Marriage of Nevedrova, 23CA1278. The Court ruled that if either or both parents create an account for a child under the […]
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Discretionary Trust Ruled as Not Property When dividing a marital estate, the divorce court must first determine whether an asset or interest constitutes “property.” The term “property” seems straightforward enough; however, the waters become very muddy when dealing with a future interest in something. For example, being the beneficiary of a living person’s will does […]
5 Questions to Ask a Divorce Lawyer Choosing to divorce is the first of many decisions that are triggered once you decide to end your marriage. These choices determine how the divorce process will play out and what your family will look like once the divorce is finalized. A divorce lawyer is one of the […]
