Safeguard Your Family’s Future
Few people want to think about their death, but unfortunately, that means that many people leave their loved ones scrambling when they pass on without creating a will. Planning your affairs for when the inevitable happens isn’t morbid and doesn’t have to be intimidating—it’s simply a practical matter that is best taken care of so you can have peace of mind knowing you have protected your legacy and taken care of your loved ones.
ELK Law can guide you through the process of creating a final will and testament, as well as getting the rest of your estate in order, so you and your loved ones can rest easy. We can assist you in every aspect of your affairs, from determining who will inherit what and choosing guardians for children to specifying funeral preferences and naming an executor.
Additionally, you should know that a will is not a forever document—they are amendable to account for life changes while you’re alive. If a birth or death in the family requires your will or estate plans to be altered, we’re happy to help you make those adjustments.
Trust Planning
While most people are familiar with a will, the role of trusts can be a little murky. There are trusts you can use while you’re alive, and others reserved for after you pass; some trusts can be altered, while others cannot.As a trust lawyer in Fort Collins, ELK Law can talk you through the complicated topic of trusts, and determine which one, if any, is the best option for you, your family, and your lifestyle. Here are some brief descriptions of some of the most common types of trusts:
Revocable Living Trust
A flexible trust that can be altered or revoked during the grantor's lifetime. It helps avoid probate, provides privacy, and allows smooth management of assets during incapacitation.
Irrevocable Trust
A trust that cannot be modified or terminated without the consent of the beneficiary. It can offer tax advantages, asset protection, and is often used for estate tax planning.
Testamentary Trust
Created through a will, this trust comes into effect after the grantor's death. It is often used to provide for minor children or manage inheritance responsibly.
Special Needs Trust
Designed to benefit individuals with disabilities without jeopardizing their eligibility for government assistance programs like Medicaid or SSI.
Charitable Trust
Used to donate assets to a charitable organization while providing tax benefits to the grantor. Popular types include charitable remainder trusts (CRT) and charitable lead trusts (CLT).
Other Trusts
There are many more options as well. No matter what your trust needs are, our goal at ELK Law is to make you feel heard, understood, and empowered so you can feel confident in safeguarding your future.
Our Wills and Trusts Services
As an estate attorney in Fort Collins, ELK Law offers the following legal support for wills and trusts in Northern Colorado:
- Drafting Wills
- Appointing legal guardians
- Designating beneficiaries
- Drafting and managing trusts
- Probate support
- Drafting advance healthcare directives
Professional Affiliations
Schedule a Consultation
Is setting up your will or trust is likely hanging over your head, feeling like a burden you just want to avoid? Let us take the pressure off by helping you get it done. You’ll feel a whole lot better with it behind you. Reach out to ELK Law today to get our compassionate and knowledgeable team in your corner.
Get In Touch
If you have additional questions about our civil protection orders or want to schedule a consultation, contact ELK Law today.
702 W. Drake Rd. Bldg D., Ste 9
Fort Collins CO 80526
970-494-7970