Wills in Denver
When most people think of estate planning, they think of wills. If you own anything that you want to be passed on to specific people or organizations, you need a will. If you die without a will, your estate will be classified as intestate and the courts will divide your belongings among your closest surviving relatives regardless of your relationship with those individuals. Your estate may also be subject to extensive taxes, ultimately reducing the amount that is left to your family.
Wills are also important to protect minor children and even pets. Within the constraints of a will, you can designate who you want to become the legal guardian of your children (or care for your pets) if you and your spouse should pass away. Without this designation, the courts will make this determination.
Medical and Financial Decisions
There are unfortunate situations where a person may become unable to mentally make decisions on his or her own. A will that has the right types of ancillary documents in place will be extremely helpful for other family members to provide the level of care you want. For example, your will should contain:
- General Durable Power of Attorney: a person who can make financial decisions on your behalf
- Medical Power of Attorney: a person who can make medical decisions on your behalf
- Living Will: a document that states how you want medical care (including life-sustaining measures) administered
- Disposition of Last Remains: a document that states if you want to be buried, cremated, etc.
Our Denver lawyers will recommend the appropriate options for your unique situation. To learn more about creating a will in Denver or anywhere in Colorado, contact us today.