Fort Collins

Colorado Springs

It’s crucial to remember the importance of planning for the future. Estate planning, often relegated to the realm of the elderly or wealthy, is a vital consideration for Coloradans of all ages and backgrounds. Here’s why:

Beyond Intestacy: The Pitfalls of Leaving Things to Chance

A common misconception is that everyone needs a hefty bank account to warrant an estate plan. The truth is, intestacy laws – what governs when someone dies without a will – can create unintended consequences, especially in Colorado.

Intestacy may not reflect your wishes: Colorado law dictates how your assets are distributed, potentially bypassing loved ones you intended to inherit. Sometimes, when you die without a will, Colorado law requires exactly the opposite of your wishes!

Family conflict and legal battles: Without a clear roadmap, disputes among family members can erupt, causing emotional distress and costly legal fees. Our experience is that nothing causes more family conflict than death without a Will or Estate plan.

Delays and complexities: Settling an estate without a Will or Estate Plan can be time-consuming and bureaucratic, adding unnecessary stress to an already difficult time for your loved ones.

Stats that Paint a Sobering Picture

Beyond Wills: The Toolbox of a Comprehensive Estate Plan

A well-crafted estate plan goes beyond simply writing a will. It’s a holistic approach to safeguarding your loved ones and your wishes in the face of the unexpected. Here are some key components:

Hidden Gems: Unconventional Benefits of Estate Planning

Estate planning offers advantages that extend beyond asset distribution. Consider these lesser-known benefits:

Taking the First Step: Building Your Colorado Estate Plan

Creating an estate plan doesn’t have to be daunting. Here are some resources to get you started:

Remember, estate planning is not a one-time event. Regularly review and update your plan as your life circumstances change. When life events change, your Estate plan and Will should change. At Thomas & Ahnell, LLC, we understand that without a well-structured estate plan, your estate may be subject to probate, potentially resulting in lengthy legal proceedings and higher costs. Effective estate planning ensures that your assets are distributed according to your wishes, minimizes tax liabilities, and provides clear directives for healthcare decisions if you become incapacitated. By taking the proactive step of planning your estate, you protect your family’s future and provide them with peace of mind during difficult times.

Fill out our form or contact us to schedule a review with our attorney to discuss your specific estate planning needs.

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