Jerold R. Gilbert, Esq.

Attorney at Law

 

Wills, Trusts, Estate Planning,

Business and Real Estate Law

 

office (720) 202-6958

email: jgilbert@jeroldgilbert.com

 

Estate PlanningDenver Estate Planning Attorney 720-202-6958 - An Overview

Estate Planning Saves You Money

What Is Estate Planning?

Jerold  R. Gilbert is a Denver Estate Planning Attorney. A Colorado Wills and Trust Lawyer.

Estate Planning is the process of preserving, controlling and maximizing your accumulated wealth for your beneficiaries.  Common estate planning techniques utilize various and different types of trusts. 

Using a Revocable Living Trust is a very common estate planning technique.  Why should you consider estate planning?  The best reason is to preserve wealth; to provide more for your spouse, your children and grandchildren.  The savings you pass on to them can be substantial.  For taxable estates, the savings in estate tax can easily exceed $50,000.00. 

Many middle class families will have estates that will become subject to the federal estate tax.  As we explain in our articles, if you have no estate plan in place at the time of your death, your neglect can cost your family a huge sum of money.  

Here are some key reasons for a trust:

  • Revocable Living Trusts are a common, effective and efficient way to preserve your wealth.
  • Trusts provide a simple and direct transfer of property to your heirs after you are gone.
  • Trusts may eliminate the need for "probate" of your estate and reduce legal fees by tens of thousands of dollars.
  • Trusts can save you a significant amount of money and time.
  • Trusts may reduce or eliminate estate taxes.
  • Trusts may eliminate the need for court involvement in your affairs.
  • Trusts let you control how your property is handled.
  • Trusts allow you to keep your personal information private.
  • Trusts are easy to maintain and do not intrude into your daily lives.

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    The cost of estate planning is very reasonable compared to the cost of probate, appointing a conservator and paying the federal estate tax.  

    My flat fee arrangement covers the complete work and is not piecemeal as practiced by some.  As part of my flat fee I continue to work with you, doing all funding of the trust with all assets you decide to place into it, until its done.

    Nothing is left undone nor yet to be completed.  I work with you from start to finish and all for the initial flat fee, plus expenses.

    As part of my flat fee I provide an additional two (2) year period to amend, modify or adjust the trust documents; move property, tweak or fine-tune your estate plan... for no further legal cost (you pay only expenses such as recording fees.)  This two (2) year time period begins when you sign your documents.  Please Note: This free period does NOT cover work to change the type of trust but works within what was previously established.

    Estates having medium to large asset value, real estate equity, closely held business interests or assets with a significant potential for growth are all good candidates to benefit from the tremendous savings provided by estate planning.  Estate Planning with the use of trusts can save a tremendous amount of money, time and trouble.  It is an exceedingly good investment.  Here are some types and kinds of trusts and other estate planning tools:

    • Revocable Living Trusts - Grantor Trusts

    • Charitable Remainder Trusts - CRT- CRIT- CRAT- CRUT

    • Irrevocable Life Insurance Trusts - ILET

    • Grantor Retained Trusts - GRT- GRIT- GRAT- GRUT

    • Qualified Personal Residence Trust - QPRT

    • Crummey Trusts

    • Family Limited Partnerships - FLP

    • Private Family Foundations  

    Call me to review your situation.  Our first meeting is free and you pay me when you hire me.  I charge a flat fee for most trust work.  

    See my other articles on estate planning:

    By any standard of measure, Estate Planning is a necessity for those owning life insurance, having real estate, small business interests or other significant assets. Estate Planning is a very good investment.  The cost of Estate Planning is minimal compared to the cost of probate, appointing a conservator and paying the federal estate tax.  

    With the use of commonly and readily available life insurance, married couples and single parents can easily create a taxable estate even though they are not considered "rich".  From my experience, many people are unaware that their estate could be subject to the hefty Federal Estate tax.  It's worth your effort to have your situation reviewed now.

    Call today!

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    Denver Wills Lawyer 720-202-6958

     

     

    Jerold R. Gilbert, Esq. 

    720-202-6958

    jgilbert@jeroldgilbert.com 

    The Firm has many convenient meeting locations throughout the Front Range (one near you). I want to make it as easy  for you as possible ....  help you save travel costs, childcare costs and time away from work. Call or email for details and to set up an appointment.   (By Appointment Only).

"Estate Planning Is Wise Planning."