Denver Estate Planning Lawyers

Partner with us for the following:

• Creating and updating a last will and testament
• Establishing and managing all types of trusts, such as charitable trusts, special needs trusts, and revocable living trusts
• Tax planning to minimize estate taxes
• Creating advance directives for health care and financial power of attorney 
• Appointment of guardianship for minor children or other dependents 
• Planning for loved ones with special needs 
• Business succession planning
• Administering an estate after someone passes away
• Pursuing or defending against estate litigation 

What to Know About Wills

Wills are arguably the most well-known and conventional type of estate planning document. Once in place, a valid will allows you to leave instructions concerning how your assets should be distributed. Additionally, wills can specify funeral arrangements, make charitable donations, nominate an executor to manage the estate, and assign guardians for minors. 

It is important to note that if you pass away without a will, state law will determine how to distribute your assets. Not only that, but the absence of a will could cause numerous disputes among your loved ones. 

Who Should Have a Will? 

Everyone can benefit from having a will, regardless of the size of their estate. Having a will is especially important if you have minor children or dependents who rely on your financial support. Plus, if you have particular directions for how you want your estate handled, they should be documented in a valid will.

Can You Alter a Will? 

Yes, it is possible to change your will at any time. However, they must be made in writing and follow specific legal requirements. For this reason, working with an experienced attorney like ours is essential.

Can You Contest a Will?

Yes, you can contest a will if you believe it was created fraudulently or under duress or undue influence. You may also raise concerns about the mental capacity of the person who created the will.  

The Personal Representative 

A personal representative is an individual who manages an estate after someone passes away. This person has numerous responsibilities, including collecting assets, paying debts and taxes, and distributing remaining assets to heirs according to the will or state law. You should choose a trustworthy and capable personal representative if you create a will. 

Have you been named as a personal representative? If so, you have been entrusted with a unique responsibility. Navigating the ensuing legal processes and fulfilling your duty can be complicated, especially as you grieve the loss of a loved one. Should you need assistance, do not hesitate to contact our office. We stand ready to help you navigate your role and avoid pitfalls that could cause strife and disputes.