In the most common estate planning context, the focus is on revocable living trusts. Many people believe a trust is a complicated legal arrangement suitable only for those with extreme wealth. On the contrary, a trust is simply a private agreement between you (the trust maker) and a trustee regarding how you would like your property to be distributed in the event of your incapacity or death. It functions much like a will, but offers greater flexibility and confidentiality.
There are numerous types of trusts. Each can be used to accomplish particular goals or structure specific distributions. It is best to speak with an attorney about what type of trust will best fit your goals.
At Tolison & Williams, Attorneys at Law, LLC, a revocable living trusts attorney in Adams County will provide knowledgeable legal guidance on all aspects of estate planning. I can walk you through your options and help you formulate a plan you feel comfortable pursuing.
Learn more about how you can effectively plan for the future through a will, trust or other legal tools. Call me at 303-500-7706 or contact me online to arrange a consultation.
A revocable living trust offers various benefits. For example, through a trust, you can:
Depending on your circumstances, one type of trust — called a revocable living trust — can serve as a foundation for a comprehensive estate plan. As its name indicates, you can establish this type of trust and serve as its trustee during your lifetime. You can retain control over your property and make any alterations you see fit.
However, if you become incapacitated or when you pass away, the trust will govern the protection and distribution of your assets under the terms you established. Thus, you can rest assured that your wishes will remain intact.
I invite you to call me at 303-500-7706 to speak an estate planning lawyer about your options. Feel free to inquire about off-site and after-hours availability.
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