Estate Planning FAQ
Counsel from a Boulder Estate Planning Attorney
Whatever your age or season of life, it is always beneficial to consider
your future – where will your assets go? What about a last will
and testament? Will your loved ones be taken care of? As we've assisted
hundreds of clients throughout the years, our firm has grown increasingly
successful at not only answering your questions,
but providing a solution that works for you.
Leading the way as a skilled estate planning attorney in Boulder, David
Rich has been applauded numerous times for the quality level of service
he provides. When you work with Flatiron Legal Advisors, LLC, your future
rests secure in our capable hands. If your questions go beyond those listed
below, don't hesitate to give us a call!
Why is it so important to have a will?
Dying without a will gives the state the ultimate control of your property
and assets. Although most states attempt to distribute your property as
you would have done, your loved ones are not guaranteed to receive anything.
A will gives you control of all that you have worked so hard for and lets
you make the final decisions.
What is probate?
Probate is the process of recognizing a will and assigning an executor
of that will. The executor acts as the administer by distributing your
assets as designated in your will.
Do I need to assign power of attorney?
While it is not mandatory, power of attorney can be beneficial, especially
as you grow older. Many elderly individuals are either unable or simply
just hesitant to handle their own finances and property. By assigning
power of attorney to someone you trust implicitly, you can have peace
of mind that your assets are being taken care of correctly.
Should I create a living trust?
The future is often fraught with unknowns, including the possibility of
serious illness or disability. A living trust is something that will protect
your property if you do indeed become incapacitated. If you create an
irrevocable living trust, the terms of your trust cannot be altered or revised.
How do I choose an estate administrator?
Because an estate administrator is responsible for the distribution of
your wealth and property as declared in your will, it is important to
select an individual that you trust and respect. This individual should
be responsible, as well as able to act impartially throughout the process.
Why do I need to work with an attorney?
Estate planning involves a lot of significant decisions that will impact
the future of you and your loved ones. An experienced estate planning
attorney can provide legal counsel and guide you in a successful direction.
Our firm has the skills to obtain the most positive outcome for your assets.
Ready to plan your estate?
Call a Boulder estate planning lawyer from Flatiron Legal Advisors, LLC today!