Revocable Trust
A Key Estate Planning Tool
Estate planning is not just for the very well to do. If you
have a sizable estate the government wants half of it when you
pass away. There are many death tax savings strategies that can
save substantial dollars with properly planned wills and
trusts.
More important than taxes though is planning for your spouse
and children. It doesn't matter how much you have, you need to
decide on how you want it to pass to your family in a way that
will minimize any family conflict and give your children the
best chance for success.
A revocable trust is a great tool that avoids the probate
court, speeds up how quickly your children or spouse will
receive their inheritance, helps avoid conflicts and eliminates
the costs of probate.
A revocable trust also provides for lifetime management of
your assets should you become disabled, without the need for a
guardianship. There are also other lifetime considerations like
living wills, health care directives, and irrevocable trusts
that can really help your family.
I am an attorney in Colorado helping clients with
estate planning issues. If you want to take care of your
family, please contact me and I'll get you started on putting
your plan together.
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