Colorado Estate Planning Attorneys
Colorado Springs, CO Estate Planning Lawyers Offering Guidance As You Plan Your Family’s Future
One of the only certainties about life is that it eventually ends. While you can’t change that, you can plan for it so your family members are not left worrying about what to do with certain assets after you pass away. Fortunately, skilled Colorado Springs estate planning attorneys can give you peace of mind by guiding you through the estate planning process.
At Brighter Day℠ Law, our quality legal services include help with estate planning for clients who want to use the law to protect assets and loved ones in case of divorce, incapacitation, or death. If you’re ready to discuss estate planning in Colorado Springs, contact our law firm for a consultation with an experienced estate planning attorney.
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What’s In an Estate Plan?
Before you sit down with an estate planning lawyer to discuss asset protection, it’s important to know what tools to include in an estate plan. The legal professional you hire will help you determine which options apply to your estate planning needs, but some examples include:
- A will
- A living trust
- Durable power of attorney for health care and finances
- Life insurance
- Burial instructions
- Anatomical gift forms
- Advance health care directives
- HIPAA authorization
- Beneficiary deeds
Your Colorado Springs estate planning attorney will explain which estate planning documents would best protect your family’s future. If you’re ready to start your estate plan, contact our law firm.
What Are the Benefits of Estate Planning?
Not everyone knows how an estate plan can protect loved ones, so they pass away without looking into wills, trusts, and other legal documents and tools. So, before you decide if estate planning is worth considering, you should learn how it can help you.
These are some benefits of estate planning:
- Ensure your assets are distributed to the beneficiaries the way you want
- Choose a trusted person to be in charge of your estate if you become incapacitated or pass away
- Make it clear who can make financial and health decisions for you when necessary
- Make child custody decisions to ensure your children end up in the care of a trusted loved one
- Let your loved ones avoid the probate process so they get access to your assets quickly
- Reduce the taxes your estate owes after your death
- Help with succession planning so you know who will manage your business
These are the most common reasons for meeting with estate planning attorneys as soon as possible. If these benefits appeal to you, contact our Colorado Springs law firm to begin the legal process with trusted attorneys.
Should You Make a Will or Trust?
Two of the most popular estate planning tools are wills and trusts. Your Colorado Springs lawyer will help you decide if you need a will, trust, or both. There are pros and cons of each option.
A will is a list of directions centering on which family members get your property, how to carry out your funeral, and who gets guardianship of your minor children. It’s put into action when you pass away, at which point it will go through the probate process in court so your assets can be distributed.
A trust also clarifies who gets what property when you pass away, but it can avoid probate, speeding up asset distribution. In addition, a trust can take effect as soon as you establish it and transfer property to it, so you and your family can see the benefits of it during your life. Trusts have some financial and tax benefits, as well.
Your Colorado Springs estate planning attorney will explain the benefits of each option, as they vary depending on your circumstances. Call our law office today to talk to a skilled legal professional about the estate planning services you need.
What Can Estate Planning Attorneys Do for You?
As you plan for your future, you deserve personalized attention from a knowledgeable attorney with years of legal experience in estate administration and planning. You can expect this and more when you hire Brighter Day℠ Law for your legal needs.
Our attorneys have spent years helping Colorado Springs residents with estate planning, so whether you want a living will, trust administration services, or answers about probate court, we’re here for you. We realize that estate planning law is complex and time-consuming, so we encourage you to let a legal professional handle this task.
When you contact our law office, you can talk to caring attorneys about everything from the probate process to estate administration. Call today at (719) 733-9129 to schedule a consultation.