Trusts – Establishing Trusts in Colorado
A trust isn’t just for the ultra-wealthy—it’s a smart, flexible tool that helps families across Colorado
protect their assets, avoid probate, and plan with peace of mind. At
Trace Tyler Law in Grand Junction, we offer plain-English guidance and personalized support to help you decide if a
living trust is the right fit for your estate plan.
What Is a Trust (And Why It Might Be Right for You)
A trust is a legal structure that holds and manages your assets for the benefit of someone else—either now, later, or after you’re gone. One of the biggest benefits? Assets held in a properly funded trust often bypass the Colorado probate process, making things faster and more private for your loved ones.
We help clients create:
- Revocable Living Trusts – Flexible and changeable during your lifetime.
- Irrevocable Trusts – Less flexible, but may provide added asset protection or tax planning benefits.
- Specialized Trusts – For minors, charitable giving, or family situations that need more structure.
We’ll explain each option in clear terms and help you decide what works best for your family, your assets, and your long-term goals.
Trusts vs. Wills: What’s the Difference?
It’s a common question—and the answer often depends on your priorities. Here’s a quick overview:
- Wills are public and go through probate.
- Trusts are private and often avoid court involvement.
- Wills name guardians and distribute assets at once.
- Trusts allow ongoing control—especially helpful if you want to manage inheritance over time.
- Even with a trust, you still need a “pour-over will” to cover anything not placed in the trust.
We’ll help you understand how both tools work together in a complete estate plan.
Why Clients Choose Trusts
A trust might be the right move if you want to:
- Avoid probate and simplify estate administration
- Maintain privacy (wills become public record—trusts don’t)
- Support loved ones long-term, especially minors or family members with disabilities
- Plan for blended families, business ownership, or unique asset distribution
- Reduce delays or disputes after your passing
While Colorado does offer simplified probate for smaller estates, many Western Slope families prefer the
certainty and control a trust can offer.
How We Help at Trace Tyler Law
Determine if a trust is right for you based on your assets, family, and goals.
Draft the trust documents clearly and completely—no confusing legalese.
Help fund the trust by explaining how to transfer assets like your home, accounts, or investments.
Equip your trustee with the information they’ll need when the time comes.
We keep things personal, straightforward, and flexible—whether you’re coming into the office or prefer a house-call appointment for convenience.
Start Building Your Legacy Today
Whether you need a simple revocable trust or a more tailored plan, we’re here to help you make it happen with clarity and confidence.
Call (970) 628-1588 or contact us online to schedule a personal consultation.