While it can be painful to think about or discuss with loved ones, estate planning ensures that you get to choose who inherits your assets and that it’s done in an efficient manner.
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If you look back on your life, you can see the results of your hard work. You have your home, its furnishings, your possessions, and the savings and investments you carefully managed to safeguard for the future. Your last will and testament provide you with peace of mind knowing that your loved ones will receive your assets according to your wishes.
Preparing your last will and testament also clears up any ambiguity among your survivors regarding your wishes for your property and heads off possible disputes by making your intentions clear and unambiguous. The last thing you want is a surprise in the administration of your estate. Contact the experienced estate attorneys at Pickard Law, P.C., to schedule an appointment and begin your estate planning.
It may be time to start thinking about the future and the potential, unnecessary burden your family faces if you were to die without a will. Our estate attorneys can help guide you in preparing a last will and testament that is sure to protect your legacy.
Why Do You Need A Living Will?
A living will is a document that allows your agent (a proxy, healthcare decision-maker or representative) to make major medical decisions for you. A living will is useful if you become too ill to decide for yourself due to failing health or if you enter a coma or persistent vegetative state and become unable to communicate your wishes to your healthcare provider.
A living will empowers your agent to supervise and make decisions about the kind and quality of care you receive according to your wishes. Our experienced and compassionate attorneys at Pickard Law, P.C., can help you determine when you need a living will and help you create one. We know how stressful it can be to think about future illness, and we strive to make the process as painless as possible for you and your loved ones.
Common Questions And Answers About Estate Planning And Probate
On this page, we’ve answered some common questions about estate planning and probate. We invite you to contact us with any additional questions you may have.
How will I know what to include in my will or my overall estate plan?
Many people are hesitant to create an estate plan because they don’t know where to begin or what should be included. Making these decisions on your own can feel paralyzing, but the good news is that the entire process is much easier with the help of an attorney.
Every estate plan will include a will, and most should include a living will. Trusts can be very useful legal instruments, but they are not necessary or appropriate for all estates. When you work with the experienced attorneys at our firm, we can quickly help you determine which estate planning documents are right for you (including some not mentioned here) and will guide you through the process of creating a thorough and legally sound estate plan.
Why can’t I just create my own estate plan with online forms?
You certainly can take the do-it-yourself approach to estate planning, but it is not advisable to do so. As mentioned above, most people won’t know which documents to include before consulting with an attorney.
Moreover, printable online forms are templated documents that are difficult or impossible to customize, increasing the risk that your estate plan will be incomplete and ambiguously worded. Having an unclear or poorly written estate plan can be worse than not having one at all because it can lead to confusion, family strife and even litigation. The financial consequences of these problems would outweigh any money saved by writing an estate plan without an attorney.
Is it important to avoid probate?
In Colorado, the answer is usually no, unless you happen to have an estate worth more than $12 million. This is the federal estate tax limit for an individual. Estates of less than $12 million will not be taxed, and the probate process is straightforward (with the help of a good attorney) and fairly inexpensive. In many cases, it may be preferable to having a trust.
How often should I update my will?
You will need to update your will after any major changes in life or family circumstances that could impact your estate or your intended heirs. For instance, most people might update their will after getting married or divorced, or following the birth of a child. Even if you haven’t experienced major chances recently, it’s a good idea to at least review your will every few years.
Do You Need An Estate Planning Lawyer In Littleton?
If you are ready to take steps to plan your last will and testament, you need an estate planning lawyer. An experienced estate planning attorney from Pickard Law, P.C., can help you divide your assets appropriately and according to your wishes.
Contact our firm to find out how we can help you prepare for you and your family’s future. Call us at 303-989-6655 for a free and confidential consultation and learn how we can help you get peace of mind and organize your estate.,