Colorado Living Trust for individual, Who is Single, Divorced or Widow or Widower with Children: Fill out & sign online

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Is it better to have a will or trust in Colorado?

If you have concerns about how your heirs or beneficiaries will handle the assets you're leaving them, a trust offers you significantly more control than a will does. A will dictates what assets will be distributed, and to whom, but has very limited ability to set conditions on how and when distributions will be made.

Do I need a living trust in Colorado?

A living trust is a handy arrow in the estate planner's quiver. The state uses the Uniform Probate Code, though, so unless your estate is particularly large or complex, it may not be needed in Colorado.

Is probate mandatory in Colorado?

Does a Will Have to Be Probated in Colorado? Yes, a will must be probated even if the estate doesn't need to go through probate. The court must still provide an affidavit saying that the heirs have a legal claim on the property, which cannot be done unless a will is available and entered into court.

How does a living trust work in Colorado?

A Colorado living trust, also called an inter vivos trust, allows the trustmaker to transfer ownership of personal assets into a trust during his life. The trustmaker continues to use the assets during his life (living in the home, driving the car, and spending the money).

How do I transfer property into a trust in Colorado?

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

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