As you and your family prepare for what is to come, you need a reliable, informed and compassionate law firm by your side. You need The Hughes Law Firm. We will carefully listen to your concerns and provide you with individualized strategies designed to meet your specific goals.
While our main office is in Denver, we have offices conveniently located throughout Colorado. So, contact us and learn how we can help you and your family plan for the future.
We Can Help You Create A Comprehensive Estate Plan
Thinking about the future and creating your own estate plan can be scary, but it doesn't have to be. In fact, the process can be much easier to navigate if you simply have an experienced and knowledgeable law firm at your side.
Since 1974, the dedicated and compassionate attorneys at The Hughes Law Firm have helped countless Coloradans develop and execute their own comprehensive estate plans ― thereby helping them and their families prepare for the future. Contact us today and learn how we can help you make sure nothing is left to chance.
Why You Need An Estate Plan
If you pass away without a will and/or estate plan, Colorado law will determine what happens to your property. So as long as you are all right with state law controlling how your assets will be distributed, you don't need an estate plan in place. However, if you are like most people and prefer to have control over your own property, we at The Hughes Law Firm can assist you. Indeed, we can help you with a wide range of estate planning tools and methods, including:
- Wills: A well-crafted last will and testament can accomplish a lot, including outlining how your property will be distributed upon your passing and dictating who will be guardians of your minor children. Wills are a great fit for young parents and older folks with modest estates.
- Trusts: Depending on your situation, there may be many financial advantages to establishing a trust. However, given the many different types of trusts available, you should speak with one of our lawyers to determine which type may best serve your purpose, including legal, investment or tax planning purposes.
- Powers of attorney: A power of attorney is a legal instrument that gives another person the legal rights to make certain decisions for you. The authority granted by a power of attorney can be very narrow or quite broad, depending on your needs. If the goal is to name someone who will make your decisions should you be incapacitated, a durable power of attorney should be used to deal with both medical and money matters.
- Health care documents/advance directives: An advance directive is a legal instrument that outlines the type of medical care you would want to receive should you lose the ability to communicate and/or make your own decisions. This document can also indicate situations in which you would not like doctors to prolong your life, such as instances of a coma with no reasonable chance of recovery.
- Long-term care planning: If you think you may need long-term care in a nursing home or other assisted living facility, it is best to prepare years in advance, especially if you think you will need Medicaid to help cover expenses. Special trusts and gifting strategies should be explored sooner than later so you don't risk going broke in a nursing home.
Estate Planning Can Be Difficult. We Can Help.
Get your free 20-minute phone consult by calling 720-588-4894 today. With several locations throughout Colorado, including offices in Denver, Colorado Springs and Fort Collins, we can help you no matter where you live.