Understanding Estate Planning (Part 2 of 2)
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Transcript of Understanding Estate Planning (Part 2 of 2)
UNDERSTANDING ESTATE PLANNING
PART 2 OF 2Essential Issues Personal Options
INHERITANCES
What kind of inheritance choices can I make?
Your estate plan will give you the ability to make almost any inheritance choices you like
Even though state laws determine who inherits your
property should you die without a will, estate planning gives you the chance to change
that
INCAPACITY
What is incapacity planning?
Incapacity planning is a key part of estate planning
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
PROBATE
What’s probate and what can I do about it?
Probate is the legal process that determines who inherits
your estate
A good plan will let you seriously reduce, and possibly
eliminate, the impact of the probate process
CHOICES
How do I make sure my estate planning choices will be
honoured?
You have to create estate planning devices that comply with the laws
of Colorado
If inheritances incapacity, and other estate planning decisions
are important to you,
you need to create a plan as soon a possible and make sure you
update it as your circumstances, desires, and the laws, change
LEARN MORE ABOUT ESTATE PLANNING IN
COLORADO
www.ColoradoEstatePlan.com
719-520-1474303-736-6060