You may be under the impression that estate planning is something reserved for the very wealthy—a process distributing large estates to a complicated series of beneficiaries. However, estate planning is an essential service not just for the rich, but for anyone with any of the following:
- Minor children
- A spouse
- Pets
- A house
- A savings account
- A car
- Anything else of substantial monetary or personal value, the fate of which is important to the owner.
If you die without a will, it is nearly impossible to control how your assets are distributed to your family, or who is appointed as guardian for your child, or what happens to your pets. Additionally, if you have not taken any steps toward building and estate plan, state law will determine who receives your assets and a Judge will decide who is in charge of your Estate. With a will prepared by a skilled attorney, however, you have control over what will happen to everything you own, and a much greater say in the care of your children and pets.
Further, other documents that are typically included with an estate plan, such as living wills and financial powers of attorney, have nothing to do with the distribution of your wealth after you die. Rather, these documents allow you to control other important matters during your life, such as instructions for your physician in case you are incapacitated or allowing your designated agent to make important financial decisions in your name.
Legacy Planning and Probate, LLC can assist you with the preparation of these documents. With an expertly prepared plan, you can be sure that when you die, your kids, pets, money, etc. will be taken care of in exactly the way you want. Additionally, you will have the reassurance that if you are ever incapacitated, your doctor will know exactly what to do, and someone you trust will be able to make necessary financial decisions for you. Click “Schedule a Consultation” below to set up an appointment with Kim Raemdonck, an experienced Denver-area attorney, or or “Contact Us” to chat!