Estate Planning: Take Charge of Your Future

January 10, 2019 | Bill Henry

Few people enjoy mulling over the prospect of dying. But, it happens to us all. Planning your estate and end of life wishes can provide comfort to both you and the people you cherish.

Robinson & Henry attorney Elizabeth Domenico joins a panel of experts, Jan. 15, 2019, for A Weight Off Seminar – Living, Dying, and Leaving a Legacy.

Panelists will discuss how to live and die on your own terms, as well as how to prepare your estate in advance.

Ms. Domenico will explain the importance of estate planning and answer general probate questions.

Seminar location: Eloise Library, 1471 S Parker Rd, Denver, CO
Time: 10 a.m. – 11:30 p.m.
Tickets are free.

Here’s a snapshot of some possible discussion points of the 90-minute seminar:

Wills and Trusts

Estate planning is multi-faceted. It’s more than who receives your heirlooms or how much money each relative gets.

  • Do you have young or disabled children who may need a guardian or future care?
  • Do you have a large estate where there are tax implications to consider?
  • Is there a family business you want to protect?

Create a will or trust to carry on your legacy the way you envision it.

A will takes effect after you die. It says who gets your property, takes care of your minor children, or directs your business’ affairs.

A trust immediately takes effect. It appoints someone to manage the beneficiary’s assets. A trust can also name someone to care for your children in the event you become incapacitated. A will cannot do that.

Let our attorneys can help take the guessing game out some of life’s “what ifs.”

Going Through Probate

You may have heard about “going through probate.” The probate process is easier than it used to be. But, it still takes about a year to complete in Colorado.

When you plan a will, you’ll choose someone to manage your estate and its affairs after you die. The personal representative will have significant responsibilities. Among them, they will inventory assets, pay final debts, and distribute funds to heirs.

If you carefully plan your estate, the probate process could be easier for your loved ones.

Planning for the Expected…and Unexpected

Perhaps you watched a parent waste away in hospital bed. Afterwards, you thought, “I don’t want to my last days to be like that.” Unless you have an advance directive or a living will, your family will decide your medical treatment.

If end of life care is important to you, you may want to plan for it. Our attorneys can help walk you through the process.

Nearly a third of Coloradans who are 65 or older do not have an advance directive. Even fewer young people have them.                            —The Colorado Health Institute

What’s an advance directive? They are written instructions about what kind of future medical care you want.

In Colorado, there are four different types of advance directives. Let’s take a look:

Living Will – Informs doctors your wishes about artificial life support if you cannot speak for yourself.

Medical Durable Power of Attorney – Appoints someone to make medical decisions on your behalf according to your wishes.

CPR Directive – Seriously-ill or elderly individuals typically have this kind of directive. It tells doctors you do not want to be resuscitated if you stop breathing or your heart stops. You must have a doctor sign this order.

Medical Orders for Scope of Treatment – This directive is most often used by terminally-ill or chronically-ill people. It notes what kind of medical interventions doctors can use. A physician must sign this document.

Call Robinson & Henry, P.C. for a free estate planning or probate consultation

Our experienced and caring attorneys can help you with estate planning and probate matters. Call (877) 841-9753 to discuss preparing a trust or living will. Find real peace of mind today.

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