Family Trust Attorneys

Family Trusts in Colorado

Have questions about setting up a family trust in Colorado? Call (720) 513-2299 to set up a free consultation with a family trust attorney.

If you own a business, a vacation home, a piece of land, a collection, or any other asset that you’d like to pass on to multiple family members, a family trust is a way to make that happen. A family trust allows you to privately transfer your assets to your family members, according to your exact wishes, and potentially without paying estate taxes.

What Is A Family Trust

A family trust is a legal arrangement, created to benefit your relatives. It’s a specific type of living trust, in which the beneficiaries are your family members (by blood, marriage, and/or adoption).

Protect Your Privacy With A Family Trust

A family trust enables you to avoid probate in Colorado, which can save time and money. By avoiding probate (which is a matter of public record), you’ll also be able to keep the terms of your trust private. No one, except your trustee, will know what assets (and debts) you had at the time of your death.

Avoid Paying Estate Taxes And Gift Taxes With A Family Trust

By transferring the ownership of assets through a family trust, you can also potentially avoid paying estate taxes and/or gift taxes.

Benefit From Other Tax Advantages With A Family Trust

You can also use a family trust to reduce your income tax liabilities. You can put assets into your family trust and then designate income-splitting from those assets among your family members, which could reduce the overall tax liability. A family trust could also reduce capital gains taxes.

Plan For Succession

If you have a family business, the business and all of its assets could be put into the family trust, allowing you to meticulously plan for succession. A well-crafted succession plan could help reduce familial bickering and ensure that the business will survive after your death.

How To Set Up A Family Trust In Colorado

Is a family trust the right estate planning option for you? Decisions about family trusts often come down to not only what assets you have, but also to your family dynamics. We can discuss your needs, your goals, and the best way to structure a family trust.

Give us a call or contact our Longmont & Thornton trust lawyers online today!

What Clients Are Saying About Althaus Law

  • "Working with Kayla at Althaus Law was an outstanding experience. Kayla took the time to explain all of the necessary documents for the estate planning process and medical directives, all the while ..."
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  • "Kayla Seale is professional, knowledgeable, compassionate and friendly. It was an absolute pleasure working with her! No one likes to think about passing. There are so many critical and emotional ..."
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  • Understanding
    The topic of estate planning can be difficult to discuss, especially since mortality is one of the main topics. At our compassionate law firm, we understand this and many of the other sensitive issues that arise when resolving estate planning concerns. You can rely on our experience to lead you through these complicated matters with an open and honest mind.
  • Compassion
    We love getting to know our clients and their families. It brings a smile to our faces to know that we help preserve what you have worked so hard to earn while being able to pass it on to your future generations.
  • Community
    Althaus Law prides itself on its dedication to the Colorado community. Not only do we volunteer more than 10 hours a month to local nonprofit organizations, but we also strive to be a completely green firm. Further, we donate a percentage of all profits to charities.
  • Focus
    Estate planning and probate are all we do. We focus day in and day out on staying up to date on the latest estate planning and probate laws. At Althaus Law, we are constantly researching the newest techniques and strategies that can save our clients and their families money in the long run.

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