Living trusts can be powerful estate planning tools that can offer a lot of benefits to trustmakers (or grantors), as well as their beneficiaries. However, living trusts are not for everyone. There may be some drawbacks to developing them in some cases.
Below, we will explore the pros and cons of living trusts more closely. When you need help determining if a living trust is right for you or you want experienced assistance devising the best estate planning solutions for you and your family, contact a trusted Denver estate litigation lawyer at Phillips & Blow, PC.
Some of the advantages of living trusts can include (but may not be limited to) that they can:
Potential downsides of living trusts can include that they:
For experienced help devising an estate plan or settling an estate, contact a trusted Denver estate attorney at Phillips & Blow, PC. We will give you the pros and cons to a living trust, and what would work best for you as well as for your family.
We can discuss your estate planning needs and different options during our consultation. To schedule this meeting, call us at (303) 713-9147 or email us using the contact form at the top of this page.
From our offices in Denver, we serve clients throughout the southwest and southeast Metro Area, including (but not limited to) people in Highlands Ranch, Littleton, Castle Rock, Parker, Aurora, Greenwood Village, Englewood, Centennial, Wheat Ridge, Golden and Arvada.