Estate Planning Lawyer Hampden South, CO

An estate plan lays out your wishes for handling assets after your death, or in the event you become mentally or physically incapacitated. While this statement in itself can seem overwhelming, not having an estate plan means that what you have built over a lifetime could be at risk of being handled in a manner you would not have wanted. Our Hampden South, CO estate planning lawyer has helped so many families feel more prepared for the future. Estate plans protect your assets and ensure that your closest loved ones and/or charity organizations receive a part of your estate after passing on. If you have questions about how to start your estate plan, or if you need to make edits, contact Legacy Law Group Colorado as soon as you can.

What To Know About Estate Plans

An estate plan can cover so many aspects of your estate and what your preferences would be in certain scenarios. An estate plan can explain your wishes if you sustain a serious condition and are unable to make decisions for yourself. Your plan can list the names of the people you care about the most, and perhaps charity organizations too, with designations for which assets go to whom after you have passed away. Estate plans often give people reassurance and peace of mind that their estate will be handled in the way they prefer. If you do not have an estate plan, there is a chance that the court will manage it instead. Most people don’t want the government to decide what happens to their money and belongings, and it means they lose the opportunity to be heard. The person who makes decisions regarding finances, healthcare, and assets may not be the one you want. All in all, estate plan documents provide control after your death. As our knowledgeable estate planning attorney can review with you, benefits of having an estate plan include:

• Choosing a guardian for minor children
• Protecting your assets (sentimental, valuable, financial, property, retirement accounts, businesses, etc.)
• Avoiding the potentially invasive and lengthy process of probate
• Preparing for scenarios that involve incapacitation
• Appointing a power of attorney who can act on your behalf if you cannot
• Minimizing taxes that your family or heirs may have to pay after your passing
• Decreasing the chances of family disputes
• Providing a way to give back to charity
• Making funeral arrangements
• Planning for financial support for loved ones
• Ensuring you legacy is being distributed to those you want

Legacy Law Group Colorado

Estate planning is for everyone, not just those with substantial monetary assets. Every person wants to feel assured that their most precious belongings and other items will be given to those who love them the most. At Legacy Law Group Colorado, we understand how important family is to our clients. We can offer you legal guidance and insight into all things estate planning. Reach out today to get started making a plan for the future. We hope to hear from you soon!