Colorado Estate Planning Attorney
Is estate planning right for me?
Whether you realize it or not, everyone has an estate. Many people assume that estate planning is for the wealthy and elderly. In reality, estate planning is for everyone. You might think to yourself, "But I don't have an estate!" If you have a house, bank account, personal belongings, possessions, or any assets, you have an estate.
Planning is an anticipatory step designed to give you and your loved ones peace of mind about the future. It is not a matter of if you pass away – it is a matter of when. Who do you want to receive your belongings and financial assets when you die? Yes, your state has inheritance laws governing how your assets will be disbursed, but they may exclude the people closest to you.
Estate planning is a multi-faceted process that allows you to include instructions for your care if you become seriously ill or disabled before you pass away. How you want to be taken care of may reflect your personal and religious beliefs – your values. By providing instructions for your care, you can be sure that your wishes are respected.
If you have disabled or handicapped family members, you can plan your estate so that they receive the special care and attention they will need when you die or are unable to continue caring for them. Planning your estate may also help the legal process of settling your estate run smoothly. Your family and loved ones will appreciate the fact that you want to make the legal process following your death as easy as possible.
Many people assume that estate planning is only for people with large estates and significant financial assets. However, even people with small estates should be mindful of the future because their families may have the least to lose in the event of a loved one's passing. If you have questions about estate planning and the future of your assets, talk to an attorney from Feldmann Nagel Margulis today.
We Serve Clients Statewide with Offices in Denver, Steamboat Springs, Vail/Edwards, and Boulder
Estate planning often involves establishing who has power of attorney for the parties involved, as well as setting up provisions for any property, assets, and more. Often times a living will can be created, which has more information about what an individual would like to have happen with their estate should they become permanently disabled. Estate planning is often a difficult thing to talk about when creating wills and provisions for after an individual passes away. But with an experienced attorney, this process can be smoothly helped along and handled efficiently and respectfully.
At the firm, we understand the importance of making arrangements for the future now. Our experienced family law and estate planning attorneys can help you set up a will or living will that will make sure your family is provided for, even in the case of divorce or remarriage. We understand that your first priority is taking care of your family, and we can help you through this confusing process, so you feel comfortable knowing that your estate is taken care of in the event of a tragedy.