Trusts and Estate Planning

Practicing Law in Colorado since 1983

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How do we start? What is the process of filing a bankruptcy?

What is the benefit of a trust over a will or no estate planning?

A trust allows you to do all the work that probate does now through a document. You trust someone to be your trustee and give them the authority to transfer the assets to your heirs without the delay, cost, or disclosure required in probate. A will tells the probate court what to do with your assets. A trust allows all of that to take place without involving the courts.

A trust could also help you use all of the present unified credit to avoid or lessen estate taxes.

I believe that anyone with real estate or assets of more than $30,000 and a desire to make life easier and less expensive for his or her heirs should have a trust.