A Trust Attorney Serving Northglenn, Thornton and all of Colorado
Trusts are a unique device that allow you to plan for your future in highly customizable ways. They are best known because they are will substitutes that allow you to avoid probate in Colorado. But this is only one of the numerous advantages to trusts.
At Althaus Law, we can explain how a trust would fit into your estate plan and if one is appropriate to have in your situation. All initial consultations are free of charge, so feel free to contact our law firm today regarding all of your trust questions. Located in Northglenn, we serve clients throughout Colorado.
Guidance Through All Types Of Trusts And Trust Planning Techniques In Colorado
Attorney Jeff Althaus has experience drafting trust agreements to meet the many needs of clients. From testamentary trusts to living (intervivos) trust documents, he can help you. There are many types of trusts, including:
- Revocable trusts
- Irrevocable trusts
- Credit shelter trusts (also called family trusts or bypass trusts)
- Generation skipping trusts or dynasty trusts
- Irrevocable life insurance trusts
- Qualified personal residence trusts (QPRT)
- Qualified terminable interest property trust (QTIP)
- Charitable trusts
- Pet trusts (also known as honorary trusts)
How Do I Form A Trust?
The main requirements for a trust include the intention to create a trust relationship, ascertainable beneficiaries and identifiable property (called the res). Forming a trust is actually quite easy in Colorado, but having one that will hold up in court and not be challenged is an entirely different story. Unfortunately, many people create them without evening knowing it, creating legal obligations on fiduciaries that they may not have intended.
If you have questions regarding a trust, do not hesitate to consult with an experience lawyer to ensure your wishes are carried out and enforceable.
Questions Regarding Trust Formation? Contact Althaus Law
Contact our Thornton trust lawyer for more information regarding any advice you may need for trust creation and estate planning in Colorado. We are ready to help you protect your assets and your family’s future.