Legal Question in Wills and Trusts in Colorado
My mother is investing in an LLC that I work for and will be a 50/50 partner. She wants her gains to go to her grandchildren, my children. She has a will and 4 children besides myself. Can she create a living trust to manage that specific asset? Does that effect her current will.
Asked on 8/09/14, 6:19 am
1 Answer from Attorneys
Bernard Greenberg
KOKISH & GOLDMANIS, P.C.
Yes, she can create a trust to deal with that asset. In the course of designing and creating that trust, she should also revise and replace her existing will.
The best advice is for her to work with an attorney who specializes in estate planning.
Answered on 8/11/14, 7:34 am
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