Trust Our Experience For Estate Planning And Administration
For many people, the subject of estate planning is uncomfortable. It may take a major life event or a health scare to make them realize how vital it is that they ensure their legacy to protect their families and keep control of medical and financial decisions in the future.
If you are addressing the issue of estate planning for the first time, it is natural to have questions about the process and what you need to do to make sure your final wishes are followed. At Beem & Isley, P.C., in Denver, Colorado, we make the process of setting up or amending your estate plan clear, so you will be empowered to make key decisions, minimize the impact of probate and potentially avoid estate taxes. Our attorneys also practice estate administration for executors, trust administrators and other interested parties.
Intelligent Estate Planning Advice For Denver
- Trusts, including revocable living trusts and special-needs trusts
- Powers of attorney
- Medical directives
Beyond describing how your assets will be distributed after you pass on, your estate plan can make sure that your wishes regarding your financial decisions and medical care will proceed the way you want them to, even if you are too ill or injured to speak for yourself. We will help you make those decisions in advance so you can be assured that your wishes will be followed.
Wills Or Trusts: What You Need To Know
One of the most common concerns for people seeking to create or update an estate plan is whether they need to create a will and if that is sufficient for their needs. While wills are a fantastic basic option for most people, they are limited in many ways. There are other tools you may need to incorporate into your estate plan, including:
- A Trust: Trusts create a legal entity which holds your property. This can let you create rules about how your heirs can use your funds, insulate your estate from certain taxes and protect you financially if you need nursing care.
- A Power Of Attorney: This document lets you put someone in charge of your legal and financial decisions if you are very sick.
- A Healthcare Directive: These directives will create a set of clear expectations about your medical care, who can make decisions about it and the ways you want to be treated in an emergency.
These documents, in conjunction with your will can mean your family takes care of things the way you want.
Efficient Estate Administration Assistance
The responsibility of administering a deceased person’s estate or trust is important, but it can be confusing if you have never dealt with these matters before or if a conflict arises. One of our experienced estate administration lawyers will guide you through the process of bringing the estate through probate, settling debts and distributing assets to the assigned heirs and beneficiaries.