Wills: The Cornerstone Of A Comprehensive Estate Plan
While a last will and testament may be just one piece of a complete estate plan, for many, it is certainly the most important piece. In fact, if an individual passes away without a valid will in place, he or she is considered to have died intestate, meaning Colorado law determines what will be done with his or her assets. So, if you want to make sure you have control over what happens to your property after you are gone, you need to make sure you have a well-crafted will.
At The Hughes Law Firm we understand that it is impossible to predict the future, which is why you need to prepare for the unexpected today ― and we can help. Whether you need assistance with a will, trust or any other estate planning tool, our lawyers will explain your legal options and help guide you through the often complex legal process. We will carefully listen to your concerns and help you draft a comprehensive and personalized will ― one that meets your specific needs.
Is There Anything I Need To Know About Wills?
When it comes to wills, there are some things you should be aware of, including:
- A will is an excellent place to name the guardians of your minor children should you pass away and leave them orphaned. If this important decision is left up to chance, there is no guarantee that your children will wind up with your preferred choice for guardians ― not to mention that it often results in heated family disputes after you are gone.
- A will does not mean your estate will avoid probate. In fact, a will has to be submitted to a probate court, meaning it is essentially a ticket to probate.
- A will actually has no legal authority until after a person dies. This means a will cannot help manage a person’s affairs if he or she is alive, but otherwise incapacitated, either by injury or illness. In situations like this, durable powers of attorney and health care directives may be helpful.
If you have any questions about the information above, or any other will-related issue, contact us for your free 20-minute phone consult. You can reach us online or call us at 303-409-3547. We have offices in Denver, Fort Collins and throughout Colorado.
When you need to prepare for the unknown, you need attorneys who make wills, plain and simple. You need The Hughes Law Firm.