Estate Planning at Legacy Law Partners
Understanding Estate Planning in Colorado
Estate planning is an intricate legal field that encompasses the creation of wills, various types of trusts, durable powers of attorney, and health care documents.
Many clients in Denver are surprised to learn that they already have an estate plan in place by default. In Colorado, without a tailored estate plan, your assets and estate are subject to division according to state intestacy laws upon your death, which may not reflect your personal wishes.
At Legacy Law Partners, we believe in empowering you to take control of how your estate is managed and distributed. By working with our experienced attorneys, you can ensure that your estate plan reflects your values and intentions, providing peace of mind and security for your loved ones.
Last Will and Testament
Expressing Personal Wishes
Appointing Executors and Guardians
Asset Distribution
Avoiding Intestacy Laws
Adapting to Life Changes
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Trusts for Every Need In Life
- Revocable Living Trusts: For those desiring flexibility, allowing you to retain control and make changes as needed.
- Irrevocable Trusts: These offer benefits like reducing estate taxes and protecting assets, but cannot be easily changed.
- Testamentary Trusts: Established upon your death and outlined in your will, these protect minors or financially inexperienced beneficiaries.
- Special Needs Trusts: Ensure loved ones with disabilities receive financial support without affecting their government benefits eligibility.
Our team is dedicated to guiding you through the complexities of trust creation and management.
Powers of Attorney
POAs allow you to appoint someone to make decisions on your behalf if you become incapacitated, covering:
- Financial POA: Authorizes your agent to handle your financial affairs.
- Healthcare POA: Allows your agent to make healthcare decisions, ensuring your treatment preferences are respected.
We provide guidance in selecting a trusted individual who will respect your wishes, offering reassurance for unpredictable times.
Health Care Documents (Advance Directives)
Express Your Healthcare Desires
Detail your wishes regarding critical medical treatments.
Designate a Healthcare Proxy
Appoint someone to make medical decisions on your behalf, aligning with your values.
Advance Directives reduce the emotional burden on family members and ensure your medical preferences are honored, providing clarity and peace of mind.