Estate Planning is Peace of Mind
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Proper estate planning can have a big impact on your loved ones during unfortunate times. A well thought out estate plan offers you the opportunity to establish a large part of your legacy with assurance and confidence.
Prepare or Update a Will and/or Trust
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If your Will or Trust is properly prepared, you can enjoy greater peace of mind. Documents that are correctly prepared can prevent family squabbles, save time and money for your beneficiaries, and, in some cases, save on inheritance taxes. This is an item on your to-do list that must be checked off.
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Express Your Wishes In Powers Of Attorney
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Not all aspects of estate planning have to do with what happens to your assets after death. You also have the opportunity to prepare for the possibility of incapacitation. During a health crisis or during the last stages of your life, family members and doctors may have important decisions to make about your health care. Different terms apply to documents that spell out your preferences. You may hear these documents referred to as "living wills" or "advance directives." None of us knows when such a document may provide comfort and direction to next of kin after an accident or during a serious illness.
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Talk to us about your concerns
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At Rocky Mountain Family Law in Fort Collins, you can obtain personalized advice about all components of estate plans, including:
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Preparation of living trusts
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Beneficiary deeds
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Wills
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Health care declarations and powers of attorney (advance directives)
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Durable powers of attorney
If you already have an estate plan in place, it is advisable to review it every few years. You should also ask a lawyer to review your estate plan after any significant life changes, such as a move to Colorado from out of state, a divorce, a death in the family, birth or adoption of children, or the startup or sale of a business. Updating your Estate Plan may be simple or you may discover that you need a new one altogether.
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Call Rocky Mountain Family Law at 970-419-4350 or contact us to set up an appointment with attorney Sarah Hubbard.​