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COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday – Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication:
guiding colorado families and Their Trusted Advisors During Times of Need

Part II: Is a living trust right for you?

| Oct 4, 2019 | Trusts |

As regular readers of our Denver estate planning and elder law blog know, we recently dove in this space into the subject of living trusts.

A living trust can be the perfect way for many to not only protect their assets while they are alive, and then pass those assets on when you die as well. It should be noted here that the person creating the living trust can retain full control of the assets placed into the trust and that the trust will help beneficiaries avoid probate when you pass on.

In our previous blog post on living trusts, we worked our way through the process to the point where you fund the trust. That is, you transfer the assets of your choice into the trust.

A recent article was clear about why it’s important to have a professional at your side when transferring assets into the trust, pointing out that the transfer process “is tricky” and that having “a lawyer to help is probably the best bet.”

Yes, you can create a living trust yourself, “but there are some serious risks to DIY estate planning” and doing it on your own “requires a lot of research and precision to get right.” For most people, it’s easier and safer, and in the long run less expensive, to have an experienced estate planning attorney take care of the many details and forms.

Is a living trust right for you? That’s not a decision that can be made based on a blog post or two. It’s a question to talk over with your family and an estate planning lawyer who can help you weigh the benefits of the many available planning options.

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