Revocable living trusts are powerful documents that allow people to discretely pass down property to beneficiaries without the hassle and expense of probate. While you may think that revocable living trusts are only important for people with a substantial amount of assets, the fact is that having the protections of revocable living trusts in place is important regardless of whether you may or may not have significant assets.
This is because, upon the passing of the trustee (i.e., the person who created the revocable living trust), the assets of the trust can be immediately transferred to the appropriate beneficiaries instead of being tied up in court and facing the threat of having to be sold off to pay probate costs and other fees.
At Phillips & Blow, PC, our Denver living trusts lawyers are experienced at assisting people in the development of comprehensive revocable living trusts and helping them amend these trusts as their circumstances and wishes may evolve. We can help you develop an effective revocable living trust for you. This will appropriately manage your assets while protecting your loved ones in the future.
Benefits of Revocable Living Trusts
There are a number of different tools and documents that can be used for your estate planning needs. Some of the benefits of developing revocable living trusts can include these documents:
It will remain private
There is minimal of the court’s involvement in the management and distribution of your assets after you pass
Will minimize the chances that there will be a future dispute over your estate
Allow you to revise your living trust as you see fit at any point in the future
Empower you to name beneficiaries and leave assets to your loved ones
Keep in mind that these are not the only benefits to revocable living trusts. There may be other specific advantages for you, depending on your situation, needs, and wishes.
Denver Living Trust Attorneys at Phillips & Blow, PC
When you are ready to develop a revocable living trust or to alter the terms of an existing revocable living trust, you can turn to the living trust lawyers at Phillips & Blow, PC. We provide a thoughtful, comprehensive approach to our clients’ estate planning, elder law, and other legal needs, and we take pride in helping each of our clients and their families find the best solutions for them.
Our Denver estate planning lawyers use a variety of traditional and innovative approaches. We help develop solutions tailored to our clients’ needs and objectives. The goal is to help our clients efficiently navigate the complexities of the law. Additionally so they can develop effective and prudent solutions. That will especially protect them, their assets and their families in the future.
When you need assistance developing or altering revocable living trusts, contact the Denver living trusts attorneys at Phillips & Blow, PC. We can certainly discuss your options during an initial consultation. To schedule this meeting, call us at (303) 741-2400 or email us using our convenient online contact form.
From our offices in Denver, we serve clients throughout the southwest and southeast Metro Area, including (but not limited to) people in Highlands Ranch, Littleton, Castle Rock, Parker, Aurora, Greenwood Village, Englewood, Centennial, Wheat Ridge, Golden and Arvada.