A trust is a legal arrangement that holds and manages assets for the benefit of a person or an entity, like a charity. It’s one of the most useful tools in estate planning, and if you’ve always thought trusts were only for the wealthy, you may be overlooking an important protection for your assets, retirement funds, or even your home. Our Severance, CO trust lawyer explains how creating one or more trusts can protect your money and property from creditors, help you become Medicaid-eligible, and grow your assets so you can start taking steps toward building generational wealth. We’re here to help you achieve long-term financial security. Reach out to W.B. Moore Law today to learn more.
Trust Lawyer Severance, CO
It’s a common misconception that trusts are only for the ultra-wealthy or meant as handouts for future generations. While yes, a trust can act as an allowance for a loved one you don’t want to give a large sum of money to, there are so many other ways that a trust can protect your assets. A well-designed trust can shield your assets from creditors or legal claims, for example, avoiding seizure or garnishment if a judgment is rendered against you. Assets placed in a trust can also bypass probate, so your loved ones can receive the inheritance you want to leave them immediately, instead of waiting through a lengthy probate court process.
Trusts can also be especially helpful when it comes to real estate. For example, you can allow someone to continue living in your home without transferring ownership right away, and then pass ownership of the property along to a child or grandchild after that person passes. Many people in second or third marriages, or those in a domestic partnership arrangement, find this particularly useful. Our Severance trust lawyer takes into account your relationships, including a blended family, when advising you of the type of trust or trusts that can help you properly arrange your finances and inheritances.
We explain how trusts can work for you, and how to set them up to accomplish your goals. We also provide advice for selecting a trustee to manage the trust, and offer trust administration services if you cannot take on or do not want the responsibility yourself.
Our Experience Matters in Trust Creation and Administration
For a trust to work as intended, it needs to be properly created and maintained in accordance with Colorado law. Our Severance trust lawyer stays up to date on the Colorado Estates Code and any changes that could impact your trust or overall estate plan, so we can advise you of any changes that need to be made to protect your assets. We’re here to help you protect everything you’ve worked hard to build and earn.
- Our firm’s founder, William B. Moore, is recognized for guiding clients through complex probate law matters with clarity and efficiency
- Our law firm has achieved a perfect 5-star rating on Google based on positive client experiences
- We have been honored with being named as a Three Best Rated law firm for multiple years
- Our firm enjoys a Business Rate recognition for legal excellence and client satisfaction
Are you ready to see how much a trust can enhance your financial position? Call W.B. Moore Law today for a personalized consultation.