The Help You Need With Estate Planning And Colorado Probate
Your estate is your house, cabin and land. Your estate also includes all of the assets you have worked your life for: your IRA, 401(k), life insurance, savings and investments.
Some of these accounts have beneficiaries. Some of your assets do not. This is when estate planning can help.
Who Needs A Will Or A Trust?
While it is true that estate planning can happen at any time, the best time to plan is before there is an emergency. At The Law Offices of David A. Helmer, LLC, our team has been helping people create wills, trusts, powers of attorney and health care directives for years. If you are married, have children, own a home, have a full-time job and have a retirement account, a will is a good idea for optimal asset protection. If you have multiple assets including more than one residence or real estate, investments and other funds, a trust may be the best path for you. Email or call our firm at 800-483-0713 to set up an appointment. We can sit down together and talk about what your goals are and the planning options that correspond to those goals.
What Is Colorado Probate?
Probate is the process of legally settling a person’s estate after their death. The process typically involves validating the will, inventorying and valuing the deceased’s property, paying debts and taxes, and distributing the assets to the people named in the will. If there is no will, the estate is distributed according to Colorado state law.
Do I Need A Probate Attorney?
It is not legally required that you have an attorney handle the estate of a loved one. Some estates, those with a value of less than $64,000, are called “small estates” and can usually be resolved out of court. However, with any death, there are deadlines and documents that need to be filed. If the person who died did not leave a will that named a personal representative, a representative will need to be appointed to complete these tasks.
A probate attorney can facilitate an accurate distribution of the assets, ensure deadlines for filings are met and make certain all debts have been paid. An attorney can also guide the appointed executor or representative through the Colorado probate process to ensure no mistakes are made. Working with an attorney can alleviate much of the stress that comes with tackling major tasks after the death of a friend or family member. It can also help the family avoid misunderstandings and give you peace of mind.
Connect With A Proven Probate And Estate Planning Team
At The Law Offices of David A. Helmer, LLC, we understand the paperwork and documentation required as well as the current Colorado laws that must be adhered to in estate planning and probate matters. Call 800-483-0713 and speak to a member of our established team to create a will, trust, heath care directive or other estate planning tool. We are here to assist with Colorado probate matters. Based in Frisco, we also serve clients in Breckenridge, Keystone, Silverthorne, Summit County, Lake County, Grand County and Park County. You can also reach us via an office contact email.