What Is Estate Planning?
Many people think of estate planning as consisting of just a Will and who gets their assets. Actually, it ought to include much more than just a Will. A comprehensive estate plan involves planning for one’s incapacity through the use of a financial and medical power of attorney, planning that takes care of one’s minor children by designating guardians and conservator’s in one’s Will and planning for the transfer of one’s assets. A Revocable Living Trust can also be very beneficial for most people to avoid probate, prevent the need for a conservatorship proceeding for themselves or their children, limit or eliminate estate taxes in their own estates as well as their heirs’ estates and provide asset protection to one’s heirs. Accordingly, a Colorado Living Trust should be a part of most everyone’s Colorado estate planning.
With Coloradoetrust, every one of our estate plans includes the following documents:
- Colorado Will:
- Colorado General or Financial Power of Attorney;
- Colorado Medical Power of Attorney;
- Colorado Living Will;
- Burial Instructions; and
- Organ Donation Authorization.
We also offer two Colorado Revocable Living Trust packages that include each of these documents, plus a Revocable Living Trust.
Tags: Colorado Estate Planning, Colorado Living Trust, colorado will
