When a loved one passes away, their estate must go through probate before family members and beneficiaries can obtain the assets and property left to them. But when families are emotionally distraught over their loss, going through probate can be tedious and time-consuming.
Fortunately, when you formulate your estate plans, you may be able to set up living trusts that allow your family to avoid the probate process. Get started on your Centennial living trusts when you contact Colorado Estate Matters, Ltd. for a free, no-obligation consultation at (303) 713-9147.
Why Choose Colorado Estate Matters, Ltd.?
No one said choosing your Centennial living trusts attorney would be easy. But when you go with Colorado Estate Matters, Ltd., you can expect the following benefits:
Virtual and free consultations
More than 20 years of legal experience on your side
Trusted communication you can count on
A unique, client-focused approach to estate planning
Legal advocates who are top-rated on Google
More About Living Trusts in Centennial
Many people assume that a living trust is the same thing as a will. But this is not the case. Living trusts are much different from wills. In a living trust, you are setting up certain assets or property to be transferred to your family members or loved ones after you pass away. Here, you may be able to help them avoid the time-consuming hassle that often comes with putting an estate through probate.
But in a will, property and assets are being passed down from one person to another. When this happens, the estate will need to go through probate and could be tied up for months or even years. Setting up a living trust is one of the best ways that family members can protect themselves and their loved ones.
Do You Still Need a Will If You Have a Living Trust?
Another common misconception about living trusts is that having living trusts means that you do not need a will. But this is not the case. There are many different reasons why you should still have a will in place despite having living trusts.
For example, you need to be sure that you have a will in place if you have minor children. Your will should name the person who will become your child’s guardian in the event of your death. But that’s not the only reason why you should still have a will in place. You might need a will in addition to your living trusts if you need to account for assets or property that have not been included in your living trusts.
Failure to have a will in place means that any of your assets or property will be passed down to your closest relatives as described under Colorado law. When you are ready to get started on your will, are interested in setting up living trusts, or are ready to begin your estate plans, contact our office for a free consultation.
Meet With a Living Trusts Attorney in Centennial
Living trusts may be the perfect solution when you want your family to avoid the hassles of probate when you pass away. Get help setting up your Centennial living trusts so your family’s future is protected.
Contact an experienced attorney at Colorado Estate Matters, Ltd. to get started. Our firm offers no-cost, risk-free consultations to residents in Centennial and surrounding cities. Fill out our online contact form or give our office a call at (303) 713-9147 to claim yours today.