Many people neglect writing a will until it’s almost too late – and some people put it off, only to pass away without clear direction of how to distribute their assets to their heirs. Creating a will makes your wishes clear and gives legal protection for your heirs. If you’re the parent or guardian of a minor child, your will specifies who will take guardianship over your child. So you can be at peace knowing that they will be raised by the person you selected.
If you have assets and property you wish to pass to a specific person or if you have heirs that you must take care of, a will is the legal way to do so. By clearly outlining the distribution of your assets and ensuring that those who depend on you are provided for, you can better provide for your family.
A Windsor, CO, will and testament lawyer can explain your legal options for distributing your assets and how to protect your minor children and dependents. They can help you better face the future, ensure that you are protected, and have a plan in place should the worst happen. Contact W.B. Moore Law today to get started.
Why Do I Need A Windsor Will And Testament Lawyer?
Many people are under the impression that they do not possess enough to make a will or that they have plenty of time to make one. The truth is, if you have any assets at all and die intestate (without a will), then Colorado inheritance laws determine who will get what or how much. Furthermore, if you have children and both parents die without a will, then the child’s next of kin will be in charge of their care. You may have specific wishes for who will raise your children or how they should be raised, but without the clear direction of a will, your wishes may not be honored.
Our attorneys can create a custom estate plan that provides care for minor children and distributes your money, property, real estate and home, and heirlooms to the persons you wish. If you wish to make a donation to charity, your will can allocate that, too.
Your attorney takes the time to get to know you, your responsibilities, and your financial situation. They can make sure that your will follows the proper legal rules and even provide executor services if you do not have someone in mind who can handle the responsibility.
Colorado Estate Planning Services
An estate plan is not just for the very wealthy. A will is the core of a good estate plan and gives direction for your dependents and property. Estate plans also contain directions to ensure your financial and healthcare matters are handled properly if you cannot do so yourself.
A Windsor estate and testament lawyer can provide estate planning advice to help you better prepare for the future. They can also help you alter your estate plan should your family relationships change. Contact W.B. Moore Law today to take the first step in preserving everything you’ve worked so hard for.
What To Expect During Your First Meeting With A Will And Testament Lawyer
Meeting with a Windsor, CO will and testament lawyer for the first time can seem daunting, but it’s a crucial step in ensuring that your estate planning is handled correctly and that your wishes are honored after your passing. Understanding what to expect during this initial consultation can help ease any anxiety and prepare you to make the most of your time with the lawyer. Here’s a guide to help you navigate your first meeting with a will and testament lawyer.
Preparation Is Key
Before your meeting, gather all necessary documents and information that will help your lawyer understand your financial situation and family dynamics. This includes:
- A list of assets and liabilities: Include real estate, bank accounts, investments, retirement accounts, life insurance policies, and any debts you owe.
- Personal information: Details about your family members, including names, ages, and contact information, as well as any specific wishes you have for their care or inheritance.
- Previous estate planning documents: If you have a will or any other estate planning documents already in place, bring these along.
- Questions and concerns: Write down any questions or concerns you have about the estate planning process so you can address them during the meeting.
Initial Consultation
During your first meeting, the lawyer will typically begin by explaining the estate planning process and the role they will play in drafting your will and testament.
Discussion Of Goals And Objectives
The lawyer will ask about your goals and objectives for your estate plan. This includes understanding your wishes for asset distribution, guardianship of minor children, and any charitable donations you wish to make.
Review Of Financial And Personal Information
Expect to discuss your financial situation in detail. The lawyer needs a comprehensive understanding of your assets and liabilities to create an effective estate plan. They will also inquire about your family structure, including dependents, beneficiaries, and any special considerations such as estranged family members or special needs dependents.
Explanation Of Legal Concepts
The lawyer will explain key legal concepts related to wills and estate planning, such as:
- Executor: The person responsible for carrying out the terms of your will.
- Beneficiaries: Individuals or organizations that will receive your assets.
- Guardianship: The care of minor children.
- Trusts: Mechanisms to manage and distribute assets in a controlled manner.
Drafting The Will
Based on the information gathered, the lawyer will outline a preliminary plan for drafting your will. They will discuss various options for distributing your assets and address any potential legal issues or complications. This is a collaborative process, and your input is vital to ensure the plan aligns with your wishes.
Addressing Questions And Concerns
Your first meeting is the perfect time to ask any questions you have about the estate planning process. Whether it’s about legal terminology, the timeline for creating the will, or the costs involved, don’t hesitate to seek clarification.
Conclusion
Your first meeting with a Windsor will and testament lawyer from W.B. Moore Law is a critical step in the estate planning process. By coming prepared and understanding what to expect, you can ensure that your time with the lawyer is productive and that your estate plan accurately reflects your wishes. This initial consultation is an opportunity to lay the foundation for a well-crafted will that provides peace of mind for you and your loved ones.