Understanding Estate Planning (Part 2 of 2)

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UNDERSTANDING ESTATE PLANNING PART 2 OF 2 Essential Issues Personal Options

description

Understand what is estate planning in Colorado and why every responsible individual should have an estate plan.

Transcript of Understanding Estate Planning (Part 2 of 2)

Page 1: Understanding Estate Planning (Part 2 of 2)

UNDERSTANDING ESTATE PLANNING

PART 2 OF 2Essential Issues Personal Options

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INHERITANCES

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What kind of inheritance choices can I make?

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Your estate plan will give you the ability to make almost any inheritance choices you like

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Even though state laws determine who inherits your

property should you die without a will, estate planning gives you the chance to change

that

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INCAPACITY

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What is incapacity planning?

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Incapacity planning is a key part of estate planning

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It addresses important questions and issues that arise

if you’re ever in a serious accident, suffering from a

serious injury, or are otherwise incapacitated

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PROBATE

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What’s probate and what can I do about it?

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Probate is the legal process that determines who inherits

your estate

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A good plan will let you seriously reduce, and possibly

eliminate, the impact of the probate process

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CHOICES

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How do I make sure my estate planning choices will be

honoured?

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You have to create estate planning devices that comply with the laws

of Colorado

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If inheritances incapacity, and other estate planning decisions

are important to you,

Amber Mello
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you need to create a plan as soon a possible and make sure you

update it as your circumstances, desires, and the laws, change

Amber Mello
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LEARN MORE ABOUT ESTATE PLANNING IN

COLORADO