Many people’s largest asset is their home. When doing your Colorado estate planning, you need to make sure that you do not forget to include your home and any other real estate you own in your planning.
The Hughes Law Firm’s knowledgeable and experienced staff will make sure that your real estate is covered whatever estate planning technique you choose.
Our attorneys often counsel clients to set up trusts in order to protect their assets and avoid probate. Once a trust is set up, it is a simple matter to transfer real estate being held in the client’s name to ownership by their trust. For Colorado property, this is accomplished by the use of a warranty deed.
For clients who choose not to set up a trust, a life estate deed can be used to transfer home ownership to one or more trusted loved ones during the client’s lifetime while retaining the client’s right to continue to live in the home. Alternatively, a beneficiary deed can be used to transfer home ownership upon the client’s death.
The experienced attorneys at The Hughes Law Firm carefully and thoroughly counsel each client to determine the best approach for their unique situation. Once the best approach is determined, our experienced staff will prepare deeds for any properties you own and have them ready for execution when you are signing all your other legal documents. Once signed and notarized, we will get your deeds recorded for you, often online and in a matter of days, keeping the process simple and streamlined but making sure your real estate is protected.For additional information on Colorado estate planning, trusts, or questions regarding real estate, visit the Hughes Law Firm.