Recent content by lkmiss

Thank you for reading my post. Please see my response to another poster with further details.

Of course we read it, but the explanation he gave for one provision is what we relied on before signing the agreement. See my more detailed explanation in this thread.

Yes, it was a contingent fee agreement (percentage + costs). My family (including a minor) filed a lawsuit. The attorney indicated that leading up to trial, the estimated costs would be about $50k and if it went to trial, the estimate would be about $100k. We agreed we would be willing to spend...

What is the name of your state? CO Attorney gave a verbal explanation of a contract provision in a fee agreement, but left out a key detail, which would have altered our decision. We signed the fee agreement based on that verbal explanation, having never been through this process before...

Thank you for your responses. We will seek out a CPA at this point. For those that asked, yes, we did take a loss on the sale. Purchased for $245K in 2007 and sold, fully furnished, for $225K in 2020. Still have commissions to deduct on top of that, as well as HOA fees and maintenance/repair...

What is the name of your state? FL We found out depreciation we took on a rental condo was apparently done incorrectly and we need to fix it. It was converted from personal use to a rental in late 2015. We did not start depreciation until 2016 tax year. The property was sold at a loss last...

Thank you both for your very helpful information. We didn't move the portfolio away from them immediately because we believed, apparently erroneously, that we would lose our leverage with them and they would not feel compelled to respond to us if we weren't current clients. It sounds like we...

What is the name of your state? CO Our financial adviser sold one particular company stock and purchased another company stock. He left a message on our phone indicating his plan, but we didn't receive it until after he had made the transactions. We never spoke to us and we did not authorize...

What is the name of your state (only U.S. law)? CO I consulted with a friend of a friend who was a roof venting expert. I have a historical home (late 1800s) and rather than cut holes in the roof for box vents, thereby affecting the aesthetics of the roof, it was suggested by the venting...

Colorado My spouse was let go from his non profit job without cause. Contract only has stipulations if let go with cause. However, he has received a severance offer which is a few months salary in addition to money to cover 18 months of COBRA. My question is whether there is any way the...

What is the name of your state (only U.S. law)? CO Our neighbor has been doing extensive landscaping work on his home and rented a Bobcat bulldozer to move his own dirt around. He has been piling debris (branches, dirt, rocks, small boulders) at the back of his house on the edge of a public...

A family member, Mike (an adult), was involved in a 3 car accident in a "fault" state (AZ). He was rear ended by vehicle (A) and pushed into oncoming traffic and hit by a second vehicle (B) head on, which totalled Mike's car. The driver of vehicle A was cited as at fault. Mike was the only one...

What is the name of your state (only U.S. law)? I am in CO, but non-profit is located in CA. There is a small non-profit organization run by one primary volunteer, who is also CEO and founder, in CA. She ran an online fundraising auction through a charitable e-commerce third party website. I...