Trust Attorney ~ Northglenn, Thornton ~ Colorado Springs
To schedule a free consultation to talk to an attorney about trusts, call (720) 547-2319 in Northglenn or 719-249-2785 in Colorado Springs..
Trusts are unique devices that allow you to plan for your future in highly customizable ways. Trusts 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.
Guidance Through All Types Of Trusts And Trust Planning In Colorado
Our Attorneys have experience drafting trust agreements to meet any type of need that you have. From testamentary trusts to living (intervivos) trust documents, he can help you. There are many types of trusts that are legal in Colorado, including:
- Living trusts (revocable trusts and 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)
- Special needs trusts
- Charitable trusts (there are many kinds)
- Pet trusts (also known as honorary trusts)
- and finally, gun trusts
How Do I Set Up A Trust in Colorado?
The main requirements for a trust in Colorado 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 a trust that will hold up in court and not be challenged is an entirely different story. Unfortunately, many people create trusts without even 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 experienced trust lawyer to ensure your wishes are carried out and enforceable.
Questions Regarding Trust Formation? Contact Althaus Law
Contact our trust lawyers 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.
Please note: The Althaus Law firm is located in Northglenn (near I-25 and 120th) and in Colorado Springs off I-25 and Briargate. We help clients, throughout the north Denver metro area and Colorado, with all aspects of estate planning.