Legal Question in Wills and Trusts in Colorado
My husband and I have been married for 10 years. I have a child from my previous marriage and my husband has 4 from his previous. But both him and I would like to leave everything to my child after we die. How can we ensure that neither of us changes the will and not give anything to this child - would a trust be a good option in this case? Can we have our property go into trust after one of us dies? Kindly advise
1 Answer from Attorneys
To do this, you should visit first with qualified attorney who specializes in estate planning.
One method would be a QTIP trust for the surviving spouse. This would ensure that the money and property left at the survivor's death would go to the children you wish.
Another method is for you both to have a Contract to Will. This would, if done correctly, restrict the survivor's ability to make a Will contrary to the overall goal and your mutual intentions.
Either way, your first step would be to work with the estate planning attorney. Make sure to select someone who specializes in estate planning to the exclusion of other practice areas.
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