303.429.0419

9035 Wadsworth Parkway Suite 4500

Westminster, CO 80021

Estate Planning and Asset Protection

Do you have an estate plan?

If you don’t have an estate plan, Colorado already has a plan for you.  However, Colorado’s plan may or may not reflect your desires or meet your needs or the needs of your loved ones.  You may not like the way the law or a judge (who may not share your values) determines who will become guardians of your minor children, or the way in which your assets are to be distributed upon your death.  Therefore, in order to maintain control of those decisions, it is important that you do the right planning now and have appropriate legal documentation in place in order to accomplish your goals.

 Estate Planning involves:

  • While you are alive and well, being in control of your own financial, medical and legal decisions.
  • Having well-thought-out plans in place in the event of a mental, physical or emotional disability which renders you unable to make your own financial, medical or legal decisions.
  • Upon your death, entrusting the care of your children to those you know will love your children and take care of them like you do. 
  • Upon your death, giving what you have to whom you want, when you want, the way you want. 

 Our process:

  1. Questionnaires – Clients complete CONFIDENTIAL ESTATE PLANNING QUESTIONNAIRE and ESTATE PLANNING ROLES forms in order to give us a brief understanding of their personal, family and financial situations, and their estate planning needs and goals.
  2. Design Meeting – Clients meet with us to discuss their estate planning needs and goals, and we design the estate plan together.
  3. Document Preparation – We prepare drafts of the relevant estate planning documents and provide them to Clients.
  4. Document Review – Clients review the drafts and make any requested changes.
  5. Signing Meeting – Once the documents are in their approved form, Clients come to our office to sign the documents and have them witnessed and notarized by staff in our office.
  6. Document Distribution – Our office prepares copies of the documents and provides the originals and copies of the documents to Clients.
  7. Beneficiary Designations and Title of Assets.  It is often necessary and wise to adjust beneficiary designations and/or change titles of assets in order to accomplish estate planning goals.  Our office provides direction and assistance in performing this vital function.

Estate Planning Concerns:

  • No Planning.  There is the saying, “if you aim at nothing, you hit it every time.”  Estate Planning means having an important goal in mind, specifically, caring for our loves ones in the event of our death.  Unfortunately, some people delay or totally neglect this important aspect of life, and fail to make plans for disability or death, leaving those decisions to others who may or may not share your values and priorities.
  • Obsolete Planning.  Even if you have done estate planning in the past, changes in your personal, family, and financial situations, moving to another state, as well as changes in the law could make your past planning obsolete.
  • Minor Children.  When we leave our children for a few hours or days, we leave them in the care of trusted and reliable individuals along with detailed instructions regarding our children’s needs and care.  When making plans in the event our deaths, are we as diligent about making appropriate plans as we are for when we leave them for only a short time?
  • Asset Protection.  Most people want to protect their assets during their lives and also leave their financial estates to their loved ones.  What is the best way to protect assets for yourself and your loved ones?  During your life and thereafter, protecting assets involves wise stewardship of the assets, insurance planning, and legal preparations.  After your death, you may have concerns that your children or loved ones are not mature enough to handle certain financial responsibilities, or that their creditors will end up with the money you are leaving for them, or that someone else may take advantage of their newly acquired wealth.  Proper estate planning can best prepare to meet those challenges.
  • Joint Ownership of Property with Unexpected Consequences.  Putting children or others as joint owners of valuable property (even for convenience purposes) can have devastating consequences.  Creditors of such child gain ready access to your assets, or those assets could get tied up in the event of a legal disability of such child.  Consult an experienced estate planning and asset protection attorney before making those types of decisions.

Call us at 303-429-0419 to talk with an attorney or schedule an appointment!