Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

Litigation During the Pandemic

   Recently, the Wall Street Journal published an article concerning litigation related to the spreading of COVID. The article reports that personal injury lawsuits brought against businesses by infected customers and employees are nearly nonexistent in state and federal courts apart from a cluster of lawsuits targeting cruise lines. The existing laws have funneled most employee claims against employers into the workers compensation system, which do not typically award large sums to trial attorneys who can sue for pain and suffering in the courts.

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179 Hits

Colorado's New Trust Decanting Statute

Effective August 10, 2016, the Colorado legislature enacted C.R.S. § 15-16-901 et seq., the Colorado Uniform Trust Decanting Act (the “Act”). “Decanting” generally refers to the distribution of trust property from one trust to another trust pursuant to a trustee’s discretionary power to make distributions for beneficiaries. New York was the first state to enact a trust decanting statute in 1992; now, nearly half of the states, including Colorado, have specific statutes addressing and authorizing trust decanting in various forms.

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4953 Hits