Trusts | Estate Planning Attorney in Denver
Plan For The Uncertain Future With Help From The O’Connell Law Firm, P.C.
Estate planning is a lot like building a house – armed with a clear
plan and the proper tools, you can construct a solid plan that will protect
your family’s future. When constructing an estate plan, one of the
most important tools in your arsenal is a living trust.
Our experienced Denver estate planning lawyer at The O’Connell Law
Firm, P.C. is well-versed in trusts, and understands how they can interact
with other components of an estate plan. When you retain our firm, we
will take the time to learn about you and your goals, and will construct
a plan which is completely aligned with your wishes.
Not sure if a trust is right for you? Call us today at (303) 759-4000 to
discuss your case.
What Is A Living or Revocable Trust?
When reading about estate plans, you’ll frequently hear the terms
“living trust,” “revocable trust,” or even “living
revocable trust.” However, these terms refer to essentially the
same thing – living trusts can technically be irrevocable trusts,
but people generally like to have the ability to make changes later on.
These trusts can be best understood as a giant account that owns all or
most of your assets, not just your money. Rather than you owning a car,
for example, the car would instead belong to the trust. As the trustee,
you have the power to manage the assets in the trust. After you pass,
the property will be distributed to beneficiaries per your wishes.
The Advantages of a Revocable Trust
People often compare trusts to wills, as they can both be used to distribute
assets to beneficiaries. Many well-constructed estate plans, however,
include both a living trust and a will designed to work in harmony with
one another. Still, there are many advantages to administering assets
through a trust, including:
- Assets are immediately available to your beneficiaries
- You can easily amend your trust
- Trusts can help your family avoid probate
- Trusts help you and your family maintain privacy
These are just a few of the benefits a trust can offer. Contact us today for your
free initial consultation.
Don’t Wait To Start Planning! Call Us At (303) 759-4000.
It’s never too early to start the estate planning process, and this
is especially true for trusts. By planning ahead, you can help reduce
the burden on your family after you pass, and can save them time, money,
and headache. Furthermore, a trust can help you maintain the privacy of
you and your family, even after you’re gone.
At The O’Connel Law Firm, P.C., our Denver estate planning attorney
has the knowledge and experience you need when creating your plan. We
can offer you the dedicated, personalized counsel you need to move forward
with confidence, and can help give you peace of mind knowing that your
family will be cared for per your wishes.
Are you ready to get started?
Contact our firm today for skilled legal counsel.