Estate Planning Attorney
At Baker Law Group, we provide legal advice for wills, trusts, estate management, estate distribution, protection of family assets and more. Leave your estate planning in the best hands.
Wills Attorney
A will is one of the most important legal documents you can create as it states your last wishes regarding your property and assets, and how your affairs should be handled after your death.
Trusts Attorney
Trust terms dictate when and how the beneficiary can access the assets. Trusts are created to provide for under aged or disabled family members or to leave a legacy.
Family Law Attorney
The areas of law surrounding family and domestic relationships can be deeply personal and emotional at times. Understanding the need for compassion and cooperation in these situations is fundamental...
Probate Attorney
Whether it’s getting the assets you deserve, or helping you avoid liability as you navigate the intricacies of estate administration, let us help ease the burdens of estate administration as you mourn the loss of a loved one.
Guardianship/Conservatorship
Our caring, considerate attorneys and staff provide the guidance you need when handling sensitive situations like guardianships and conservatorships.

Trusts in Colorado

Trust funds aren’t just for the wealthy. It can be a wonderful tool for transferring assets to family members or charities, providing for family members with special needs or who are financially irresponsible, and for providing for the educational expenses of progeny.  A trust is also useful in avoiding high estate taxes and probate fees, avoiding probate, which may result in delayed transfers of assets to heirs, and for preventing the mishandling of assets.

A trust is a legal contract where the “trustee(s)” has control over assets, money, stocks and/or property. The creator of this trust is typically called a “settlor,” “donor,” or “grantor” and creates the trust for a “beneficiary(ies).” Our trust fund lawyers will explain the various types of trusts and will help you determine the best method to execute your financial goals and intentions.

You may want to contact our firm to create a trust if:

  • You are concerned about your ongoing ability to manage your own assets
  • You want to avoid probate
  • Someone, often a child or disabled family member, is incapable of managing wealth and assets
  • You want to transfer assets quickly after death
  • You want to lower estate taxes
  • A disabled family member has been awarded monies or property, and you want to avoid the loss of government benefits
  • You want to provide for your progeny’s future educational needs

Pet Trusts

  • A Trust that is to provide for the cost of care for a surviving pet

Spendthrift Trust

  • A type of trust that limits the beneficiary’s access to the trust principal.  This restriction protects trust property from:
    • a beneficiary who might squander trust property
    • the beneficiary’s creditors.

Charitable Trusts

  • A charitable trust allows a person to make donations to a charity while also receiving generous tax breaks.
  • Charitable trusts require that that you give up legal control of your property, and charitable trusts are generally irrevocable — once the trust becomes operational you cannot change your mind and regain legal control of the trust property.

Special Needs Trusts

  • A special needs trust is created to ensure that beneficiaries who are disabled or mentally ill can enjoy the use of property which is intended to be held for their benefit.  This type of trust may also be used to permit the beneficiary from being disqualified from receiving governmental assistance.