I am a Colorado Wills, Trusts, and Probate Attorney. By working with my firm, Mile... more
I am a Colorado Wills, Trusts, and Probate Attorney. By working with my firm, Mile High Estate Planning, you can... Choose who receives your property, Choose who will raise your minor children if you are not able to, and Protect your property from lawsuits. Navigate the probate court system after a loved one has passed away. Please call today at 720-924-6171 to learn more.
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.