Estate Planning Services in Colorado Springs, CO


Estate Planning

Estate Plan Document — Estate Planning Attorney in Colorado Springs, CO
Estate planning may be simple or complex but always requires specialized training and professional judgment obtained only through years of experience and study. A practicing attorney can help you avoid the many pitfalls and advise you of the best course of action for your individual situation. At the Gresham Law Firm, we take the time to meet with you to identify your individual needs and desires. We will advise you how to arrange your assets and prepare the appropriate documents to achieve your goals in the most efficient and effective manner. To begin your Estate Plan, please fill out our online questionnaire and we will contact you to schedule an appointment to come in for a free consultation with attorney Spencer Gresham. This questionnaire will help you identify any needs and issues which may need to be addressed immediately.

The Planning Process

Lawyer Signing a Document — Estate Planning Attorney in Colorado Springs, CO
Estate planning is a process of arranging for the disposition of your assets to meet your goals, including guidance in the event of incapacity. You need to consider all of your assets, real property, personal property, cash, investments, life insurance, business interests, and those with unique characteristics. Do you have items which are special to you that you want to go to specific family members? Do you know that many of your assets could bypass probate if you die? Have you done any Medicaid planning? Are you eligible for Veteran's benefits? We can help you review your assets and devise a plan that will fit your needs and circumstances. A proper estate plan can put your mind at ease knowing that your loved ones are provided for if you become incapacitated or should die. It can also assure that your wishes regarding health care are honored and your assets are managed in a manner you direct.

Estate Planning

Documents You May Want to Know More About


Last Will and Testament

A will distributes your property upon your death. If you do not have a properly executed will, your property will pass to your heirs pursuant to state law. A will should be drafted to control the distribution of your assets, as you direct, upon at your death and to cover your beneficiaries.

We provide witnessed, self-proving wills that can be submitted to the Court for probate, if necessary.

For clients with minor children: Your will is the best place to appoint who you want to physically care for minor children. You should consider who you trust with your children and who is willing to take on the responsibility of their care. You should contact whomever you choose before you name them in your will. You can also designate who, and on what terms, will manage your child(s) assets.

Revocable Living Trust

A living revocable trust has a Settlor(s) (the trust creator(s)), Trustee(s), (who manage the assets of your trust according to the terms of the agreement prepared), and beneficiary(ies), (those who will receive the assets of the trust pursuant to the terms of the trust agreement). A living trust is used to manage your assets. Those assets are not subject to your will and do not pass through probate upon your death.

We provide you with assistance and guidance on putting your assets into your living trust.

General Durable Power of Attorney

Everyone should have a power of attorney which appoints a trusted person as their attorney-in-fact to handle financial and day-to-day business affairs when they cannot handle such matters themselves. A power of attorney can also delegate more complex decision making authority. When you execute a general durable power of attorney you authorize your attorney-in-fact to act on your behalf and handle your affairs if you are unable to handle such affairs yourself for any reason.

Medical Durable Power of Attorney

By executing a medical durable power of attorney, you are authorizing someone to make medical/health care decisions, should you be unable to make them on your own. This person(s) is able to consent or refuse any health care as directed by you. You want to make sure this person understands your wishes.

Living Will

A Living Will, or medical declaration, allows you to indicate to your family and health care providers, in the event of certain circumstances, what life support measures or nourishment you desire. A living will actually expresses end of life decisions made by you which is different from a Medical Durable Power of Attorney which gives your agent access to your medical records and allows them to make the medical decisions for you.