Estate planning is the process of arranging your financial affairs so that your wealth will be distributed promptly and efficiently according to your wishes after your death. It also includes planning for the possibility of your disability so that your desires for both management of your financial affairs and medical care will be carried out.
Our firm focuses on the use of wills, powers of attorney, and living wills to put in place appropriate arrangements to meet you estate planning needs. Probate procedures in Colorado are simply, administrative, proceedings which facilitate the transfer of your estate to your intended beneficiaries. They provide a prompt and efficient means of settling family disputes without undue expense and delay. Accordingly, we generally recommend the use of a will as the primary financial estate planning document. In appropriate cases, we also make use of trust planning including living trusts and contingent testamentary trusts for under-age beneficiaries. Planning your estate will also include a review of potential estate and gift tax consequences of your plan and assistance in taking steps to eliminate or minimize unnecessary taxation. Powers of attorney, used properly, will avoid unnecessary court proceedings for the appointment of a guardian or conservator.