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Trusts Archives

Planning a financial future for heirs

While parents in Colorado naturally want to make sure their children are taken care of, some may be concerned that merely providing financial support will not be sufficient to ensure stability. Drafting a will that distributes funds to heirs may not seem as appealing in these situations, if there are not any resources dedicated to providing for the wise use of the inheritance.

What is a revocable living trust?

A revocable living trust is an important part of many people's estate plans. This kind of trust is similar to a will in that it contains instructions on what you want to happen to your assets when you die. However, a revocable living trust (living trust for short), allows you to skip the probate process.

How does a Qualified Personal Residence Trust work?

There are many kinds of trusts that can be used to avoid probate, avoid taxes and transfer assets to loved ones or other beneficiaries, such as a charitable organization. Today, though, let's talk about the benefits of a trust that allows you to transfer your home to a loved one while avoiding future estate tax issues.

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Brady, McFarland & Lord, LLC
5400 Ward Road, Building 5-170
Arvada, CO 80002

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Phone: 303-835-1811
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