Colorado Estate Planning
People find many reasons to procrastinate when it comes to estate planning. They think they're too young to die or have nothing of value to leave to heirs. But estate planning involves much more than simply deciding what happens to your assets after you pass away. It's also about planning for the unexpected, such as an illness or accident that leaves you disabled or incapacitated. And for developing strategies to help you preserve your wealth as you grow older. In short, every adult in Colorado needs to think about their future—and an estate planning attorney can help.
When Should You Hire an Estate Planning Lawyer
You may be wondering whether and if you need to hire an estate planning attorney.
You should hire an estate planning lawyer to:
- Help you write a last will and testament, which explains how you'd like your assets—including money, possessions and real estate—distributed after your death.
- Want to pick a legal guardian for your minor child (under the age of 18, according to Colorado law) in the event that both parents die before the child turns 18
- Want to create a power of attorney, which enables you to authorize someone else to sign legal documents or access your financial account on your behalf
- Authorize someone to make medical decisions on your behalf if you're incapacitated (using a document known as a healthcare power of attorney) or want to explain your end-of-life wishes in a living will
Estate planning lawyers can also help you update existing estate planning documents. You'll want to talk to a lawyer if you previously created a will, power of attorney or advanced medical directives but want to change them or have moved to Colorado from another state. You should also meet with an attorney if you have gotten married, divorced or widowed since your original estate planning documents were first created, or have started a family.
Estate planning attorneys can also help you develop strategies for preserving your wealth while you're alive and minimizing federal estate taxes that your estate pays after your death.
Finally, if you're the executor of an estate, an estate planning lawyer can help guide you through the probate process.
Find & Hire Local Colorado Estate Planning Attorneys
Attorneys.com can help you connect with local estate planning lawyers, whether you live in Denver, Aurora or elsewhere in Colorado. Call 877-913-7222 to use our free legal referral service, or fill out the form on this page. We'll ask you a few simple questions, then quickly match you with an attorney in your area.