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How To Conduct A Reverse 1031 Exchange | The Drake Law Firm, PC

How to Conduct a Reverse 1031 Exchange

We will continue to discuss 1031 exchanges given the far-reaching potential these transactions can have for real estate owners. A successful exchange can defer any amount of accumulated capital gains – even millions! – and so investors can literally “borrow” these funds to acquire a better-performing replacement property. As we’ve discussed before, exchanges are shrouded […]

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How Does COVID-19 Affect Custody Arrangements In Colorado?

How Does COVID-19 Affect Custody Arrangements in Colorado?

COVID-19 has thrown a wrench in many aspects of daily life: school, work, social activities, and healthcare, to name a few. However, if you share custody of a child in Colorado, you may be wondering if COVID-19 can legally have any effect on your parental responsibilities arrangement. Below are a few common questions we’ve received

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The Drake Law Firm, PC To Sponsor Living Journeys Golf Tournament

The Drake Law Firm, PC to Sponsor Living Journeys Golf Tournament

Marie Drake, Attorney, and Founder of The Drake Law Firm PC, a full-service law firm based in Golden, Colorado that focuses on family law, business law, and real estate, announces the firm’s sponsorship of a hole in a charity golf tournament on October 9, 2021. The event will raise money for Living Journeys, a 501(c)(3)

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What Is Spousal Maintenance Under Colorado Law? - The Drake Law Firm, PC

What is Spousal Maintenance under Colorado Law?

Spousal maintenance as alimony is called in Colorado, is sometimes paid by a higher-earning spouse to a lower-earning or non-earning spouse during and after a Colorado divorce.  No spouse is automatically entitled to maintenance.  It is gender-neutral and awarded only in cases where this income is necessary to prevent severe economic consequences. When divorcing couples

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The Basics of Prenuptial Agreements in the State of Colorado

The Basics of Prenuptial Agreements in the State of Colorado

Future couples across the country are choosing to execute premarital agreements more and more frequently. Future couples in the State of Colorado are no exception to this trend. More and more often, we see prospective newlyweds using these agreements to predetermine the fate of many things in the event of a divorce. Importantly, prenups are

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Essential Points of Child Custody Agreements in Colorado

Essential Points of Child Custody Agreements in Colorado

In the context of divorce, issues involving child custody can be among the most contentious. When we consider the many difficult issues involved in a divorce, this is a very profound statement. Parents often end up fighting most diligently over child custody arrangements. Fortunately, the State of Colorado has a well-designed system of law when

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Should You Swap Your Investment Property? The Basics of Section 1031

Should You Swap Your Investment Property? The Basics of Section 1031

Real estate continues to be one of the most popular investment vehicles in the State of Colorado and throughout the country. This is true despite the well-documented crises experienced in the late 2000s and more recently with the pandemic shutdowns. In all likelihood, the current situation will probably deter a lot of new investors from

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