Trust Lawyer Hampden South, CO

There is a misconception about estate planning that only those with substantial wealth should have a trust to protect their assets. However, every person can benefit from having an estate plan. This plan includes wishes and preferences for what happens to finances and belongings after someone passes away. Even if a person does not have a vast amount of wealth, they likely have sentimental valuables and other items that they want to be given to those they love the most. Many people choose to leave behind certain assets to charity organizations that are meaningful to them. Those who are looking for peace of mind when it comes to how their legacy will be distributed to future generations are encouraged to speak with our team about devising an estate plan. If you have questions about how to begin on your estate plan documents, contact Legacy Law Group Colorado to get started. Our Hampden South, CO trust lawyer is ready to assist you.

Benefits Of A Living Trust

If you have a living trust, you can prevent your assets from undergoing probate. Trustees can distribute assets and don’t need approval from the court. Having a living trust can provide you with privacy, since living trusts do not become part of public record. Another benefit is that it offers flexibility, allowing trustees or successor trustees to oversee assets if or when the creator becomes incapacitated. Living trusts can be beneficial, but there are circumstances where it is not ideal. Living trusts can require retitling of assets. And as with a will, a trust can be challenged if beneficiaries or heirs are displeased with how the assets are divided. Living trusts can be a great way to protect assets and simplify the estate planning process. But some may choose to create a will instead. No matter what route you wish for your estate plan, we suggest having our knowledgeable trust attorney help you. Establishing a plan can be complex and there are many factors that should be considered. To ensure your finances and property are protected, consider speaking with a member of our team at your next convenience. Estate planning is an essential part of securing your financial future and that your loved ones will be taken care of after your departure. Among the various estate planning tools, a trust stands out as being a foundational document. If you have further questions, please reach out today.

Legacy Law Group Colorado

We understand that devising an estate plan can be confusing. But rest assured we can answer any and all questions you may have, and lead you through the estate plan process. Our Colorado trust attorney knows that what you probably want the most is reassurance that your legacy in the form of money or property will be given to those you cherish the most after you have passed on. At Legacy Law Group Colorado, we can help you with estate planning, kids protection plans, planning for incapacity, asset protection planning, probate, trust and estate administration, and elder law and Medicaid planning. Our goal is to provide exceptional services that support future generations of your family. Reach out today for estate planning guidance!