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    Will and Trust Attorney in Denver, CO

    CREATING A WILL OR TRUST


    The two primary estate planning tools are wills and trusts. Both wills and trusts ensure that your assets are protected and that those who you name as beneficiaries inherit what is rightfully left to them. When it comes to wills and trusts, most people have a long list of questions: When do I need a will or trust? Can I create a will and trust on my own? What should be included in a will or trust?

    What is a will?
    What is a trust?
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    DO I NEED A WILL OR TRUST?


    In short, yes. When a person dies without having a valid will in place, his or her property passes by what is called “intestate succession” to heirs according to state law. This means that person’s property could go to their children, parents, siblings, or in the absence of any relatives, back to the state. This can be particularly important during the pendency of a divorce, if you do not have a will then your property could automatically go to your soon-to-be ex-spouse. While both wills and trusts help you ensure your assets are protected and bequeathed to your designees, there are some significant differences between them. It is possible and sometimes necessary to have both a will and a trust. A will helps outline how you want your affairs and assets handled upon your passing, and a trust creates a fiduciary relationship between a trustor and trustee.

    YOUR LAWYER FOR WILLS AND TRUSTS


    Without a will and trust, you could be leaving the fate of your assets to chance. Wills and trusts can ensure your possessions and assets end up in the hands of those you designate. The skilled attorneys at Novo Legal are available to create wills and trusts in Denver, CO, to give you peace of mind. Making your estate planning a priority now can save money, time, and potential financial hardship for your loved ones in the future.

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