Continuing from where FAQs about Drafting Wills (Pt. 1) left off, here are some more insightful responses to questions about drafting wills in Colorado.
A – In many ways, with the specific benefits depending on the details of a given situation, estate and family. In general, some of the most significant benefits of drafting wills now include:
A – This question about drafting wills is pretty much in line with the previous one, as failing to have wills in place can mean that a person’s relatives:
A – Your will typically disposes of the assets that you hold in your name alone and that don’t already have beneficiary designations associated with them. Other assets, like those held jointly with a spouse or those that allow for beneficiary designations do not need to be dealt with or even identified in wills. These assets do not need to pass through probate (as long as the beneficiary has been named) because there is no question about who the recipient(s) of these assets will be.
Be sure to check out the upcoming conclusion to this blog series!
When you are ready to draft a will or explore your other estate planning option, you can turn to the wills and estate planning lawyers at Phillips & Blow, PC. We provide a thoughtful, comprehensive approach to our clients’ estate planning, elder law and other legal needs. We take pride in helping each of our clients and their families find the best solutions for them.
Our goal is to help our clients efficiently navigate the complexities of the law so they can develop effective, prudent solutions that will protect them, their assets and their families in the future.
We can discuss your estate planning needs and different options during our consultation. To schedule this meeting, call us at (303) 713-9147 or email us using the contact form at the top of this page.
From our offices in Denver, we serve clients throughout the southwest and southeast Metro Area, including (but not limited to) people in Highlands Ranch, Littleton, Castle Rock, Parker, Aurora, Greenwood Village, Englewood, Centennial, Wheat Ridge, Golden and Arvada.