The O'Connell Law Firm, P.C.

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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.