Lessons from Richard Simmons’ Estate: What It Teaches About Trusts
Delve into the trust issues in Richard Simmons' estate and what they teach us about effective estate planning.
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Revocable Trusts and Lawsuits: The Truth About Asset Protection
Uncover the truth about revocable trusts and lawsuits: they do not protect assets from all creditors.
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What to Do After a Loved One Dies
Take control during a difficult time. Learn what to do after a loved one dies and ensure their wishes are honored and you take care of all the administrative tasks necessary after someone passes away.
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Choosing a Trustee: Why It’s Risky to Pick Uncle Bill
Understand why choosing a trustee like your uncle may be risky. Discover the importance of selecting a professional trustee for your trust.
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Meaningful Ways to Honor a Loved One Through Your Estate Plan
Incorporate meaningful ways to honor a loved one in your estate plan, reflecting their values and interests in lasting gifts.
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Beware of Trust Scams: How to Identify and Avoid Them
Trusts are valuable tools in estate planning, helping individuals protect and transfer assets, sometimes in a tax-efficient manner. However, the complexity of certain trusts—often involving multiple parties, specialized legal terms, and nuanced tax regulations—can make them difficult for the average person to fully understand.
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Successor Trustee Mistakes That Can Undermine Your Final Wishes
Choosing the right successor trustee is one of the most important decisions you will make when creating a trust. Your successor trustee will be responsible for managing your trust’s assets when you are no longer able to do so, whether due to incapacity or death. Selecting the wrong person can undermine your carefully laid plans and lead to family conflict, financial mismanagement, and even legal disputes.
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Estate Planning Simplified: Wills, Trusts, and Intestacy Explained
Discover the importance of estate planning. Premier Legacy Law of Denver, CO outlines what happens if you pass away with or without a will.
Read article What Can I Not Do as Trustor and Trustee of a Revocable Living Trust?
Before setting up a revocable living trust, you should understand what you can—and cannot—do in your dual role as trustor and trustee.
Read article How to Choose a Trustee
When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs—collect income, pay bills and taxes, save and invest for the future, buy and sell property, provide for your loved ones, keep accurate records, and generally keep things organized and in good order.
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