Thoughtful, Strategic And Cost-Effective

A Trust Can Offer Your Plan More Flexibility And Protection

Depending on your circumstances, you may be better able to plan for your loved ones and protect your assets by incorporating a trust into your estate plan. In addition to providing financial and legal protections and benefits during one’s lifetime, a trust can be a useful tool to preserve wealth and minimize taxes.

At Lyndsey Richard LLC, we have the experience to review your current plan, assess your goals and then offer the guidance you need to meet your objectives through effective planning.

Larger Estates May Benefit From The Security A Trust Provides

Although every estate plan may benefit from their inclusion, trusts are especially valuable in planning for larger estates by lessening an often surprisingly high tax burden and maximizing the value that’s passed on to children, the community and other beneficiaries.

Trusts are also commonly used for the purpose of avoiding probate; a lengthy legal process that effectively freezes one’s assets until the assets can ultimately be distributed when the court case is finalized. Trusts ensure two things; one, that your trustee has continuous access and control over the trust assets, and two, that beneficiaries receive the intended assets without court intervention.

Different Types Of Trusts Can Meet Unique Needs And Circumstances

Trusts are strategic and valuable tools. In addition to avoiding probate and minimizing estate tax, trusts can be created to meet a wide variety of needs and purposes. For example, a special needs trust will provide financial help and security to a loved one without disqualifying them from eligibility for government benefits. A trust can also be created to ensure that the needs of a beloved pet are taken care of.

We work regularly with trust documents of all types, including:

  • Revocable living trusts
  • Special needs trusts
  • Spendthrift trusts
  • Life insurance trusts
  • Charitable trusts
  • Family trusts
  • Pet trusts
  • Irrevocable trusts

We can guide you through the trust creation process, including how to select and designate a trustee. While there are a few steps involved in trust creation, it can be a smooth process and save you and your loved ones headaches and hassles down the line.

Get The Skilled Trust Creation Guidance You Need

At Lyndsey Richard LLC, we consider ourselves to be lawyers, educators and counselors. We will work with you, answering your questions and offering the guidance and information you need to make decisions that reflect your goals and values. Call 303-848-8352 or connect with us via firm email. We serve estate planning clients throughout the Denver area.