When you are starting to get into the detailed process of planning your estate, one aspect that may arise is living trusts. Many people wonder whether living trusts are a good option for them, especially in situations where they are hoping to help their families avoid having to put their estate through probate when they pass away.
To find out if setting up a living trust is a good fit for you and your family, reach out to a dedicated Wheat Ridge living trusts attorney at Colorado Estate Matters, Ltd.. Call us at (303) 713-9147 to schedule your no-cost consultation.
Is Colorado Estate Matters, Ltd. the Right Law Firm for You?
When you are interested in setting up living trusts, you need an attorney you can count on. Here is why Colorado Estate Matters, Ltd. is the right law firm for you:
We have more than two decades of experience setting up living trusts and formulating estate plans.
Our firm has a unique, client-focused approach to living trust and estate plans.
With Colorado Estate Matters, Ltd., your attorneys have a genuine care for you and your family.
How to Craft Living Trusts in Wheat Ridge
In order to create living trusts in Wheat Ridge, there are certain steps that you need to take. These include:
Step one: decide whether an individual or shared trust is more appropriate
Step two: decide which assets or property are going to be included in your trust
Step three: decide on your successor trustee and trust beneficiaries
Step four: have your attorney craft your living trust documents
Step five: do not forget to update the title of any assets as needed
If the thought of complicated or confusing living trusts was holding you back from getting started, you do not have to worry. With our firm representing you, the process of setting up a living trust, and managing it in the future, is simple and easy. If you have questions about how to begin setting up your living trust, contact our office to discuss the specific details of your case.
Wheat Ridge Living Trusts and Colorado Estate Taxes
Another reason people are interested in setting up living trusts in Wheat Ridge is because they want to help their families avoid having to pay taxes on their estate after they pass away. The good news is, your family does not have to worry about federal estate taxes when you set up a living trust unless your estate is worth approximately $12 million or more.
Since the property in living trusts is transferred to the successor trustee upon your death, you do not need to concern yourself with estate taxes. Any property or assets that are listed in your will and go through probate, however, may be.
Get Help From a Living Trusts Attorney in Wheat Ridge Today
Setting up a living trust does not have to be as complicated as you might have thought. With the help of a seasoned Wheat Ridge living trusts lawyer at Colorado Estate Matters, Ltd., you can get your living trusts set up and your estate plans formalized so your family is protected upon your passing.
When you are ready to get started with your living trusts, schedule your free, no-obligation consultation. You can reach us through our quick contact form or by phone at (303) 713-9147.