Arvada Trust Planning Attorney

It is never too early to start planning for the future. We never know what that future will bring, and it can be much less overwhelming for you and your loved ones if you begin the estate planning process early. At Brady, McFarland & Lord, LLC, we have the experience and the skills to ensure that the property and assets you have worked so hard for will benefit your loved ones in the easiest, less expensive way possible.

Why Is Estate Planning Important?

Estate planning allows you to care for your family and to alleviate the burden on your beneficiaries by sorting out the legal and financial details that will benefit them best in the future for them. Doing this is a gift that allows them the freedom to grieve without the added heartache and headaches that could come along with trying to discern what their wishes might have been.

Without an estate plan, you could leave your family to deal with a long and dragged-out process. The main reasons we suggest an estate plan are listed below:

  • Keeping your assets out of legal jeopardy for years to come.
  • Ensure the people you choose get the assets and property you intend for them to receive.
  • Minimizing the tax implications is another key reason for an estate plan.
  • Determining custodial matters ahead of time if you have children can put your mind and theirs at ease.

Without an effective estate plan, the court will make these decisions, and there is no way to ensure they are made in the way you would have chosen.

What Is a Living Will?

A living will is a precise category of advance directive. An Arvada trust planning attorney can help you construct a legal document detailing your wishes if you are incapacitated and unable to let anyone know. Typically, these advance directives spell out the types of life-saving measures and treatment protocols you want to be done on your behalf.

In Arvada, CO, a living will is one of the four types of advance directives that estate planners address. You may speak to your trust planning attorney in Arvada about a living will, medical power of attorney, a CPR directive, and a medical order for the scope of treatment.

How To Avoid the Probate Process in Colorado

In order to avoid probate, we typically suggest a living trust. You fund the trust with your assets and can control them, but the trust owns them. You empower a successor to take over when you are incapacitated or pass away, and they will ensure that your wishes for the property and assets are carried out.

There are benefits to a trust, and one of them is avoiding the probate process. Listed below are a few reasons this may be beneficial:

  • Probate is expensive and time-consuming
  • Your heirs would have access to the assets sooner
  • It is private, whereas probate is of public record

Call Our Arvada Trust Planning Attorneys Today

If you have questions about trust planning, Brady, McFarland & Lord, LLC is here to help. We have a keen understanding of estate planning and the benefits of trust planning. Our Arvada trust planning attorneys can walk you through the process and make sure that you have an estate plan that benefits you and your loved ones.