Trusts and Other Planning Techniques in Colorado
Trusts can play a very important role in your estate plan. From avoiding probate to removing assets from your estate to avoid taxes, their usefulness is extensive. At Law Offices of Brady, McFarland & Lord, LLC, we fully comprehend all of the benefits trusts have, and we know how to best incorporate them into your estate plan.
What Types of Trusts Are There?
There are many kinds of trusts that can be used to help create a solid estate plan for you and your family. A few of them include:
- Revocable living trusts: These trusts have many advantages, including avoiding probate.
- Charitable trusts: A charitable trust will allow you to leave money to your favorite cause while avoiding taxes.
- Qualified personal residence trusts: These trusts can be useful for transferring your home to loved ones and removing your home from estate tax issues that may arise down the road.
- Grantor trusts: This trust can help you reduce taxes, protect your assets and properly transfer property to your loved ones.
Other Planning Techniques Outside of Trusts
Our team can also work with you to create family limited partnerships and family limited liability companies to help pass your estate in the most effective manner. For more information on what options are best for you, do not hesitate to speak with a passionate attorney at our law firm.
Reach Out to Our Estate Planning Firm
For answers to your trust questions in Colorado, contact our Arvada-based law firm at 303-835-1811. As author of the book “Estate Planning and Taxation in Colorado,” our lawyers have has the comprehensive knowledge you need to achieve your goals.