A living trust is an integral part of a well-rounded estate plan. Forming a living trust allows you to protect your assets so more can be passed along to your heirs. A living trust is also a way to keep your heirs from having to deal with unnecessary probate proceedings after you are gone.
Living Trust Denver
An estate planning attorney can go over the variety of trusts that may be used depending on your goals and circumstances. You would create and fund a living trust while you are still alive, rather funding the trust through assets in your estate that are sold after your death. After you fund the trust, you will designate a trustee who is to control the assets of the trust. It’s up to you to decide who will be the trustee. It could even be yourself until you are gone.