Legal Question in Wills and Trusts in Colorado
revocable living trust
since I owned several properties before I was married, can I make TWO revocable living trusts, one with my spouse and one by myself?
2 Answers from Attorneys
Re: revocable living trust
While you can make more than one revocable trust, I believe that more information and discussion is necessary in order to properly assess and answer your question.
Re: revocable living trust
Whether you can make more than one revocable living trust does not really turn on whether the property was separate before your marriage.
There are many tax, financial, and personal considerations that go into setting up any part of your estate plan, including revocable trusts.
I would recommend that you confer with an attorney, and possibly with a financial advisor, before setting up any trusts. This will help to ensure that you get the most benefit out of your estate planning.