You need to get prepared. Some things you can’t control, but you can control your estate planning.
There are many things to think about and many options to consider. We can explain them all and help you make decisions that are right for you and your family. One option you may want to consider is a revocable living trust. A Meurer Denver estate planning attorney can explain how it works and if it fits your situation.
No matter your age, or how well off you are, you need an Denver estate planning attorney to help you set up goals. Meurer Law Offices understands the complicated legal issues and can present your options. We will protect your assets and your loved ones, and make sure that your wishes are carried out.
A revocable living trust is a legal document which contains your instructions of what you want to have happen to your assets when you die. However, unlike a will, a revocable living trust avoids probate at death, controls all of your assets, and prevents the court from controlling your assets if you become incapacitated.
When you set up a revocable living trust, you transfer assets from your name to the name of your trust, which you control. Legally you no longer own anything, so there is nothing for the courts to administer when you die or become incapacitated.
Everything now belongs to your trust, which you control as the trustee. As the trustee of your own trust, you can do anything you did before, including buying or selling assets, managing your money, giving gifts, and investing.
Our Denver estate planning attorney will explain how the trust transfers the property to your heirs upon your death.
We will discuss the important legal decisions, so you can feel confident that your assets and your loved ones are taken care of. Having an estate plan is one of the most important things you can do to protect the people and things you love. We are happy to help you.