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(303) 431-0415

Denver-Arvada-Golden

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Phone

(303) 431-0415

Denver-Arvada-Golden

U

Search

Contact Form

Email Form

Do I Need a Will Or a Trust?

You’ve heard it from friends, or you’ve heard it on the TV.  You need a trust!  They are just instant that probate is terrible and you have to have a trust!  That may be true in other states, but not here in Colorado.  Our probate system is relatively easy and straight forward.  Trusts have a lot of set up and administration costs and headaches.  But sometimes the advantages of a trust make it worth the effort. So take the quiz below to see if a trust will be helpful for you.

  1. Is your property worth 10 million or more?
    1. Yes
    2. No
  1. Do you own real estate in more than one state?
    1. Yes
    2. No
  1. Do you own rental properties?
    1. Yes
    2. No
  1. Do you want to leave substantial money to grandchildren and want to keep it safe over many years?
    1. Yes
    2. No
  1. Do you have a mixed family with children who do not belong to your spouse, and you want to leave your children some money when you die (so that only part goes to your spouse)?
    1. Yes
    2. No

If you answered yes to any of these questions then a trust may be beneficial for you.  If you answered no for all of these questions, then you likely only need a will and the rest of your estate plan.

Call us at 303.431.0415 for a free 15 minute consultation with an attorney to learn more about if a will or a trust is best for you.