Author: JIM FLYNN Special to The Gazette
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Money & the Law: Creating an LLC not a do-it-yourself undertaking
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save As a possible sign of economic recovery, new business filings in Colorado in the second quarter were (not surprisingly) up substantially over 2020. And the most common type of new business entity being formed continues…
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Money & the Law: After alimony awarded, there’s a high bar to change
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Divorce law is largely about children and money (and occasionally the family pet). On the money side, of considerable consequence in most divorce cases is spousal maintenance, sometimes referred to as alimony. A spousal maintenance…
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Money & the Law: What’s an insurance score and how does it affect your auto insurance premium?
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save I recently received my semiannual packet of information telling me my auto insurance was being renewed (and, as usual, that my premium would be increasing). This packet included a disclosure statement titled, “How We Determine…
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Money & the Law: With every rule there seems to be an exception
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save As has often been said, the law consists largely of rules and exceptions to rules. Here’s an example. In 1989, in Mesa County, Rafael Aguilar Garcia shot and killed a man who was hanging out…
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Money & the Law: Department’s effort to rein in Realtors group break at square one
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Late last year, with great fanfare, the U.S. Department of Justice announced the settlement of a lawsuit it had brought against the National Association of Realtors (NAR). In this lawsuit, the DOJ accused the NAR…
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Money & the Law: Be aware of banks’ overdraft policies
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Overdraft charges are an important source of revenue for banks — $31.3 billion in 2020. They are also a continuing source of confusion and consternation for bank customers (especially when — surprise — a $5…
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Money & the Law: What to know about motor vehicle service contracts
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Going back a decade or so, fraudulent sellers of motor vehicle extended “warranties” took a time-out. That’s because a big player on this stage, U.S. Fidelis, went broke and its owners, brothers Cory and Darien…
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Money & the Law: Man known for originating Ponzi scheme died penniless
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Bernard Madoff died in prison April 14. He was 82 and was serving a 150-year sentence for having operated the largest Ponzi scheme in history. Investor losses totaled $64.8 billion, inclusive of phantom investment gains…
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Money & the Law: Bill-reading requirement can be stalling tactic
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save It probably won’t surprise you to learn that members of the minority party in the Colorado General Assembly, not unlike members of the minority party in the U.S. Congress, have been known to use stalling…
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Money & the Law: Colorado seeks to spare patients health care cost ‘surprises’
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Back in January, I told you about the No Surprises Act, a law created by Congress last year tucked away deep inside the 2,123 page Consolidated Appropriations Act. Under the No Surprises Act, if, other…