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When is a Revocable Trust Right for You?

Do you want to shield property from estate taxes? Do you want more of your assets to go to your loved ones upon your death? Do you want your grandchildren to inherit part of your estate? Do you want to save the people in your life from suffering more grief after you're gone? If you said yes to any or all of these questions, then a trust may be right for you.

Colorado attorneys Diedre and Bennett Braverman have assisted people in creating trusts and living wills for over 15 years. Our husband and wife team of estate planning lawyers can customize your trust to meet your needs.

Call Braverman Law Group, LLC, in Boulder Valley at (303) 800-1588 for your free consultation.

What is the Difference Between a Revocable Trust and an Irrevocable Trust?

Both of these trusts can be called living trusts as long as you are still alive. Upon someone's death, a revocable trust automatically turns into an irrevocable trust.

Revocable trust — A revocable trust allows you to make changes to amend or revoke the items listed in the trust while you are still alive and competent to make changes. This can be useful when creating estate plans earlier in your life because there is more time for things to change that could impact the plans you have made. Possible life events creating a need for changes include a divorce, remarriage, birth of children or death of someone named in the trust, to name a few.

Irrevocable trust — This trust is set up by you, the settlor, so that a trustee takes over control of the assets and property as soon as the document goes into effect. Doing this means you no longer own the assets so they are protected from taxes.

Make Your Appointment with Skilled Counsel Today

The local attorneys at Braverman Law Group, LLC, have assisted people in setting up revocable trusts for more than 15 years. Their patient guidance will ensure you know all of the options available to you, so you can come up with a trust that meets your needs. This thoughtful approach gives our clients peace of mind. Call to schedule your free consultation today at (303) 800-1588, or email our state planning law firm to make your appointment.

Client Reviews
★★★★★
Bennett Braverman is a thorough, knowledgeable expert in his field. He did an excellent job in walking us through the Living Trust process, coaching us through decisions, and making sure we completely understood the what we had to do and the associated benefits and risks. We will continue to recommend him to our friends and look forward to partnering with Bennett in the future. Lisa
★★★★★
Diedre created a will, living trust, and special needs trust for us. She was very responsive and clear in her answers whenever we had questions. On issues, she provided excellent counsel. Her work product is outstanding in every way including its presentation, organization, completeness, and efficacy. We wholeheartedly recommend her. Daryl
★★★★★
We have retained Mr. Braverman for our Trust and Estate needs, and he has far exceeded our expectations. Not only does he have very clearly adept expertise, but he has been patient, kind and has made what had initially seemed very daunting, now very accessible. He will part of our family for a long, long time. Erich
★★★★★
Diedre took the time to go beyond our initial assumptions and explained how we can benefit from strategies no one had explained to us before. Kathy
★★★★★
I wanted to write and thank you for taking care of my parents and their financial planning. My mother and father are an excellent judge of character and for you to win their services is a testament to your upstanding professional and personal demeanor. Once again, thank you. Anonymous
★★★★★
The time and energy Bennett spent briefing the beneficiaries of our plan – helping them to know what to expect and what their duties and responsibilities would be – was invaluable. I trust Bennett and feel his depth of knowledge will allow him to serve a wide range of client needs. The ramifications of each decision were fully explained and his adaptation to our family’s needs was exceptional. Anonymous
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