If you've been named a successor trustee you may be gratified to think that someone held you in high enough esteem to ask you to do the job.
Being a successor trustee of someone's revocable living trust is not something that people do every day. In fact, many people will never do it. That is why most people are unfamiliar with how to complete a trust settlement.
Preparing your trust in Colorado can be confusing, especially when you come across terms that you have never heard before. One of the phrases that is commonly misunderstood is an inter vivos trust. Understanding what this trust is and what the benefits are can help you determine if this is the right trust for you.
Trying to help family members and other loved ones in Colorado can be difficult, especially if they are not willing to accept your help. Sometimes, because of mental ailments or personality traits, a person who is no longer capable of managing financial affairs may be resistant to accepting the help of a loved one. This can lead to financial devastation and ruin. We at The Hughes Law Firm understand that sometimes the best choice is not an easy one when it comes to managing your loved one’s affairs. This is when a conservatorship becomes necessary.