Brighton Wills and Trusts Lawyer

Trusts

Estate Planning Law Firm Denver

Adams County Trusts Attorney

Many people think of trusts as complicated legal structures suitable only for those with immense wealth. In actuality, trusts are simply a type of estate planning tool. There are a variety of types of trusts, and different types of trusts may be used to accomplish different goals. In the most common estate planning scenario, the use of a revocable living trust should be considered.

In essence, a trust is a private agreement, a contract, between a trustmaker and a trustee. You, as the trustmaker, establish the terms and conditions under which your assets and affairs should be managed if you ever become incapacitated and/or upon your death.

Trusts are complex legal instruments. As with all aspects of estate planning, it is best to seek legal guidance from an experienced attorney.

Benefits Of A Trust

You can use a trust to determine the disposition of your property, much like a will. Unlike a will, however, a trust is a private agreement that is effective immediately; a will is only effective the moment you die. For example, through a revocable living trust, you may able to:

  • Direct the management of your assets for specific purposes
  • Provide for a child or loved one with special needs
  • Place contingencies on the disposition of assets
  • Safeguard property for minor children until they reach adulthood
  • Allow your loved ones to engage in a private settlement after your death instead of the public probate process
  • Maintain confidentiality by avoiding public probate proceedings

Just as there are numerous types of contracts, there are many types of trusts. One of the most common types, a revocable living trust, allows you to retain control over your assets during your lifetime while also preparing for the possibility of incapacity. In certain situations, other types of trusts, such as special-needs trusts or irrevocable trusts, may be appropriate. I can advise you of the many options available to you and walk you through the advantages and disadvantages of different approaches.

Implement A Personalized Trust And Estate Plan

At Tolison & Williams, Attorneys at Law, LLC, I can help you craft and implement a plan that is best suited to your particular circumstances. I also provide representation in trust administration as well as probate.

Based in Adams County, I have in-depth experience and a high level of knowledge regarding all types of trusts. You can rely on me for personalized, attentive legal counsel.

Contact Me To Discuss Creating A Special-Needs Trust Or Other Type Of Trust

I invite you to contact me at 800-331-0745 to arrange a consultation with a lawyer. My office is located in Brighton, Colorado.

I offer flexible payment options, and accept credit cards. Please feel free to inquire about off-site visits and after-hours appointments.

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