DENVER TRUST ATTORNEY
3 MAIN TYPES OF TRUSTS
When researching trusts, you may come across 20 or more different types, such as credit shelter trusts, special needs trusts and spendthrift trusts. These classifications more accurately describe the reasons people put them in place, as opposed to what type of trust they are. At Johnson Law Group, we rely on these main classifications:
- Irrevocable Living Trusts: Families in Denver often consider this the riskiest type of trust. The belief stems from the fact that, even if you change your mind afterward, you cannot transfer the assets back to yourself. It completely severs ownership. Clients tend to choose this type of trust when they need to shield assets from lawsuits, creditors and taxes.
- Revocable Living Trusts: Our clients often prefer this trust, because they create it during their lifetimes and have control over it. You generally get to serve as trustee of the trust and can control the assets that move in and out of its ownership. You may also terminate the trust if you later decide it does not serve your needs.
- Testamentary Trusts: Some people prefer not to create the trust before death. This allows them to retain full control over their own assets with no complications. To get around this, they create a solid will that converts personal assets into trust assets after they pass away.
Our Attorneys Meet Your Legal Team
At Johnson Law Group, our team of skilled and understanding legal professionals proudly provides comprehensive and efficient legal services for all clients.
TOP BENEFITS OF TRUSTS
Feasibility is only one aspect of knowing whether a trust complements your estate plan. The next step is figuring out what the benefits are and which ones you need. Note that the benefits may differ based on the specific type of trust you choose:
- Distributes assets to beneficiaries without paying for the cost of probate
- Distributes assets in a more timely manner compared to probate proceedings
- Allows beneficiaries and heirs to maintain privacy
- Reduces taxes on large inheritances that may otherwise become subject to estate taxes
- Protects assets left for dependents, such as elderly parents, minors, special needs people and even pets
- Protects income-related eligibility for disabled and elderly family members
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Individualized AttentionJust as each family is unique, so is each family legal matter. We always take the time to completely understand your situation so that we can tailor our advice and strategy accordingly.
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Highly RecommendedOur clients often take the time to write and thank us, not only for the results we have earned for them but also for the respect we’ve shown them.
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Supportive CounselWe never lose sight of the fact that divorce and other household conflicts can feel overwhelming. Our family lawyers will answer all of your questions to ease your burden in this difficult time.
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I was in a very difficult custody/child support dispute with my ex-spouse. The Johnson law Group and in particular Elizabeth Gregory was phenomenal with their representation of my case. Working with her was such a wonderful experience, kept our goals at the top of every conversation, knew all points and avenues that we could take, never lead us in the wrong direction. I would recommend this firm to anyone who is going through a family law issue.- Liz
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Very professional, and caring. Everything was handled well, they listened to all my concerns, and responded in a timely manner. I would highly recommend using Johnson Law Group, they are amazing!- Sonja
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I wasn’t familiar with the process of child custody but I must say not only did Myles and his team direct me properly but it was a process that wasn’t money motivated. Very professional group, I was constantly informed of any step or move needed to be made, and they took a very stressful situation and made it a very pleasant storm. Thank you Myles and Johnson group for everything!”- Dwight
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I appreciate all the help my attorney and paralegal has done for me in the best interest of my daughters future. They’re all most knowledgeable, caring law group! I couldn’t have done it without their genuine support on representing my case(s). I’m grateful for all they have done for my daughter and I.- Bonnita
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They’re professional and supportive team work was beyond efficient and they got the job done in the least amount of time and with the least stress possible. They’re an amazing team to help with family needs and are always available to answer any questions or support. I would definitely recommend Myles and Genet Johnson for any family legal needs.”- M.A.
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Before working with Johnson Law. I had a previous attorney who completely screwed us over. He definitely only took us on for the money. He had no communication, mixed us up with different clients and so much more. So my husband and I were very scared working with a different attorney and getting screwed over again but we took the chance with Johnson law. We are currently working with Shana Velez, Kristina Contreras, and Julie Hernandez. After expressing my concerns because of the previous attorney they have kept amazing communication with me. They know who they are speaking to every time, they know my case, and they definitely don’t try to just take my money. They do their best to save me money as much as they can! These ladies have done such an amazing job with my case so far! 10/10 highly recommend! I will be back with another review once we are done working with them :)- Sierra S.
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Myles is the most amazing attorney to ever exist. He is always responsive. Cut me a couple deals with phone conversations. He was so helpful throughout the entire process and really cares for his clients. My family would not be whole if it wasn’t for him. I will forever be indebted to him and would refer anyone that needs a family law attorney to this practice. Thank you so much Myles.- Corey
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- Tangee B.
I hired Johnson law group for an adoption matter. I worked with Daniel Sol as my attorney and his assistant Katie Wilson. They were with me every step of the way. Daniel listened to all of my concerns and helped to address all issues. Without their assistance and guidance, I would have had a much harder time making it through my case! I highly recommend Daniel sol, Katie Wilson and Johnson law group
WHY HIRE A DENVER TRUST LAWYER
There are several apps and automated service providers promising cheap trust services. Sometimes, these work perfectly. However, there are also instances where the apps or service providers miss a step and invalidate the trust. They also tend to offer one-size-fits-all plans that do not actually work for every situation.
Hiring an experienced trust lawyer ensures you have someone who knows your case, can provide specific recommendations and will answer your burning questions. Our Denver trust lawyer, Shannon O'Keefe brings exceptional experience to the table. Why settle for less?
Contact us to find out how we can help you create your trust as soon as possible.
