Estate Planning is for people of all ages and income levels. Nearly everyone has an estate as it is a term to describe everything that you own. Whether that be a car, real property, life insurance, savings accounts, checking accounts, or personal property, it is all part of your estate.
An estate plan is a set of documents personally tailored to handle your affairs and set forth your wishes. Aside from your assets, an estate plan allows you to choose guardians for your minor children, plan for those with special needs, provide for your spouse, and plan for friends and relatives to take care of your financial and medical decisions in the event you were not able. A strong estate plan can do so much more than just dictate the way your assets are handed down when you pass away.
Receive a free consultation from an estate planning attorney to explain the separate documents involved in an estate plan and how you can benefit from each.
You may think that you only need an estate plan if you are reaching the end of your life or wealthy, however your estate is important regardless of age or wealth. An estate includes everything you own regardless of its monetary value and it’s important for those left behind to know how to handle your wishes, and the manner in which you want to pass on your estate out of love and stewardship. Estate Planning is also about passing on your beliefs and personal values, along with the goals and dreams you have for your children and grandchildren.
In truth, you should have an effective and well-designed estate plan regardless of the dollar value of your estate. A lack of planning may result in unwanted stress for your family, unnecessary expenses and fees, and unneeded time delays in the form of probate.
Simple Wills Can't Cover All Scenarios
If you want a simple Will you are putting yourself at risk. Many people don’t understand what a Will is and the important details and options available when creating a Will.
It is easy to underestimate what you think you need in your estate planning and McGann Law Group often finds our clients are surprised at the level of detail that goes into creating an estate plan. Seeking professional advice and a devoted attorney that specializes in estate planning will benefit you. McGann Law Group keeps up to date with all of the state-of-the-art strategies, options, and choices available, as well as always being on top of any changes in the law.
Online Legal Services Doesn't Always Save Money
Don’t risk damaging your life’s work just to save a few dollars. There are low-cost websites that offer tempting bargains, however, you cannot safely determine the best legal course of action you should take using the generic information you will find on the internet. Online estate plans generators or DIY estate plan templates can save a few bucks now—but they run the risk of creating an expensive, frustrating and stressful experience for your family.
Online services are not qualified law firms with trained and experienced lawyers that would be in an attorney-client relationship with you. Online legal help cannot provide bonafide legal advice. If you happen to make a mistake in your estate planning they can’t warn you or help you recover as it would be too late. Most importantly, online services can not promise you that the documents they produce for you will be legally sound and accepted in the state of Colorado. Remember that they are basic document assistants, creating a one-size-fits-all solution without any personal customization to your estate.
All internet legal information (even the McGann Law Group Blog) is generalized and should not be a replacement for a personal consultation with an attorney. The answer to almost all legal questions depends on your specific estate, personal situation and circumstances.
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