Probate in Colorado is relatively simple and inexpensive. In fact, for a living trust, a lawyer might charge you
5-6 times what probate fees would be. A will is often a better, simpler, and less expensive centerpiece for an estate
plan.
Living trusts are an important estate planning solution in the right situation, such as when a client has real
property in another state, when a client desires complete privacy, or when a client needs financial mangement of his or her
assets by an institution (e.g., bank or trust company) in case of incapacity.
However, if you don't fit one of the above
situations, it is doubtful that you really need a living trust. And, contrary to what you may have been told, living trusts
really have nothing to do with taxes vis-a-vis wills.
Don't be a sucker for a lot of expensive legal paper -- call
us today to see if you really need a living trust.
