Longmont Trust Attorneys
Call (720) 809-8310 to Schedule an Initial Consultation
A trust is a legal entity that exists to hold assets for the benefit of
one or more beneficiaries. A trust is a contract between the grantor or
settler (the person who creates the trust) and a trustee (person who holds
legal title to property in the trust until the trust provides for distribution).
Trusts can make distributions to beneficiaries during the lifetime of
the grantor or at the death of the grantor.
Trusts can serve several important functions including:
- Planning for your possible disability
- Avoiding probate
- Facilitating the use of estate tax exclusions
- Planning for your current or former spouse
- Making special lifetime provisions
In order to create a valid trust, there must be an ascertainable beneficiary,
a named or appointed trustee, a present and existing property, and intent
by the settler to create a trust. Additionally, the settler must have
the intent and the capacity to create the trust. Our Longmont estate planning
attorneys at Jorgensen Brownell & Pepin, P.C. will take the time necessary
to ensure that your trust is properly created.
In recent years, we've seen a disturbing trend in the number of trusts
being mismanaged. That's why we take the time necessary to create
comprehensive estate plans secured through legal and financial checks
and balances and fail-safe measures, such as indemnification clauses for
trustees. We protect assets through careful financial planning, and we
anticipate problems before they arise in order to make sure your financial
legacy stands the test of time.