A revocable living trust is a private and efficient way to transfer assets or pass property to your loved ones without the cost, delays, and public exposure of probate. Trusts are legal entities that hold and manage assets or property on behalf of the named beneficiaries. They’re not just something that only wealthy people set up. In fact, trusts can benefit you in more ways than you think, and our Severance, CO revocable trust lawyer can explain how these entities provide for you during your lifetime and benefit your loved ones after you pass. At W.B. Moore Law, we pride ourselves on well-crafted, legally sound estate planning documents, including customized revocable trusts. Call us today for a consultation.
Revocable Trust Lawyer Severance, CO
A revocable living trust is a legal entity established by a grantor (or settlor) that manages assets on behalf of a beneficiary. Revocable trusts may be changed by the grantor under specific circumstances or even dissolved entirely. This gives you, as the creator, more control over the assets in the trusts. However, because you are still legally in control of the assets, there is less protection against seizure (as may happen if a legal judgment is rendered against you) or creditors.
One of the main advantages of a revocable living trust is the ability to pass assets directly to your chosen beneficiaries without going through probate or making those transfers part of the public record. Trusts also help avoid estate taxes and reduce the risk of assets being used to satisfy outstanding debts of your estate after you pass.
A revocable living trust can work for you during your lifetime, too. It can provide access to income later in life, during retirement, and may help you avoid the need for a conservatorship should you be unable to manage your financial affairs on your own.
Our Severance revocable trust lawyer drafts the trust according to your stipulations and in compliance with current Colorado estate laws. We can act as the trustee on your behalf if you don’t want to manage the trust, or provide guidance on your fiduciary duties and legal obligations if you do. And, should your needs change, we can alter the terms of the trust or even legally dissolve it.
Why Our Experience is Important in Revocable Trust Matters
Our legal team takes a personalized and deliberate approach to every estate plan. We review your current financial situation to develop a plan to protect what you have now and to achieve your long-term goals. Our Severance revocable trust lawyer’s recommendations are tailored to your needs, and we give you the right advice so you’re in control of every decision.
- Our firm’s founder, William B. Moore, has been practicing law since 1982, providing decades of experience in estate planning and probate.
- Mr. Moore offers client-centered legal strategies focused on protecting wealth and preserving legacies
- Our law firm has been recognized as a Three Best Rated law firm for several consecutive years
- Our legal team earned Business Rate recognition for excellence and client satisfaction
Whether you are creating a new revocable living trust or need to revise an existing one, reach out to W.B. Moore Law. Let’s get you on the road to lasting financial security.