Estate Planning

Estate planning is much more than where you direct your assets to go upon your passing.  A comprehensive estate plan enables one to avoid unnecessary court proceedings while you are alive and upon your passing…all while maintaining one’s privacy.

Part of a comprehensive estate plan includes a Colorado Financial Power of Attorney and a Colorado Medical Power of Attorney. Without a financial power of attorney, your family or friends may have to go through a court proceeding called a Conservatorship to have another person appointed to handle your financial affairs when you are unable.  A Colorado Conservatorship proceeding can be costly and an ongoing legal matter, and in the process, you can lose some of your privacy.

Without a Colorado Medical Power of Attorney, your family or friends may have to go through a different court proceeding called a Guardianship to have another appointed to handle your medical affairs when you are unable.  A Colorado Guardianship proceeding can be costly and ongoing.

Upon your passing, if you want to direct where your assets go, you need a Colorado Will.  Otherwise, the Colorado laws of Intestacy will direct where your assets go.

The keys to an estate plan are to control your assets while you are incapacitated, provide for the quick and inexpensive transfer of assets upon your passing and to protect your assets in the hands of your heirs…all while limiting legal fees and court costs.  No matter how much you may be worth, you can benefit from having the following five (5) Colorado Estate Planning documents as the base of your estate plan.