Linda's Guide to Leaving a Legacy
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Linda’s Guide to Leaving a Legacy
By Linda Sommers, Attorney at Law
303.984.9900
[email protected] www.ColoradoEstatePlanning.org
Common EstatE Planning mistakE #4 – lEaving assEts outright to BEnEfiCiariEs: Assets that are left outright to heirs and beneficiaries are exposed to creditors, predators and divorcing spouses. Many of my clients choose to leave assets in trust for their heirs’ benefit. Assets left in trust are totally asset protected. The beneficiaries still have access to the funds but creditors, lawsuits, divorcing spouses, or in-laws who are spendthrifts cannot touch the assets inside the trust. This also helps ensure that when the heir passes away the asset goes where the original owner wants it to go and helps avoid unintended beneficiaries (like ex-spouses or estranged heirs). Come to our frEE Estate Planning 101 class to learn more: Wednesday, august 3, 2016 at 4:00 p.m. at the Highlands Ranch Library thursday, august 4, 2016 at 2:00 p.m. at the Standley Lake Library
– Linda
Linda’s Guide to Leaving a Legacy
By Linda Sommers, Attorney at Law
303.984.9900
[email protected] www.ColoradoEstatePlanning.org
Common EstatE Planning mistakE #4 – lEaving assEts outright to BEnEfiCiariEs: Assets that are left outright to heirs and beneficiaries are exposed to creditors, predators and divorcing spouses. Many of my clients choose to leave assets in trust for their heirs’ benefit. Assets left in trust are totally asset protected. The beneficiaries still have access to the funds but creditors, lawsuits, divorcing spouses, or in-laws who are spendthrifts cannot touch the assets inside the trust. This also helps ensure that when the heir passes away the asset goes where the original owner wants it to go and helps avoid unintended beneficiaries (like ex-spouses or estranged heirs). Come to our frEE Estate Planning 101 class to learn more: Wednesday, august 3, 2016 at 4:00 p.m. at the Highlands Ranch Library thursday, august 4, 2016 at 2:00 p.m. at the Standley Lake Library
– Linda
