At the Meurer & Potter Law Office in Denver, we know that helping aging parents with estate planning can be difficult. Today, we would like to provide you with helpful information to make the estate planning process easier and get you started on the right foot. For further assistance, you’re more than welcome to contact us for personalized planning.

Create a Living Trust

Many people understand that they should have a will but often, a number of people do not understand that a living trust can be helpful. Living trusts designate which beneficiaries will inherit a person’s assets. A properly executed trust can keep assets from going through probate, which can be tedious, very time-consuming and all records are made public.

Additionally, a living trust can outline who will be responsible for the assets should your parents become incapacitated. This can be especially helpful if the trust is put together before your parents suffer from any cognitive issues or mental decline. A living trust can be more expensive to set up but can be well worth it to avoid the administrative hassle that can be created when there is not one in place.

If you need assistance with helping aging parents with estate planning, contact us here at the Meurer & Potter Law Office in Denver. We can help create an appropriate living trust.