Greeley Estate Planning Attorney
One of the most important things a Greeley estate planning attorney can assist you with is creating a will. You’ve worked hard for everything you own, and you must decide how to distribute your assets once you pass away. The law firm of Brady, McFarland & Lord, LLC has been helping people execute wills for more than 20 years. Our only goal is to protect what matters most to you. Contact us online or call us at (303) 420-2863 to schedule your free initial consultation.
Greeley Estate Planning FAQ’s
- Why Hire a Greeley Estate Planning Lawyer?
- Who Can Create a Will in Colorado?
- What Happens if I Die Without a Will?
- How Does Marriage & Divorce Affect My Will?
- Can I Change My Will?
Why You Need a Greeley Estate Planning Lawyer to Help You With a Will
A will is arguably one of the most essential documents in estate planning. A will is about more than just money and assets. It is a set of instructions that spells out for your survivors how you’d like things handled once you pass away. This will, of course, include financials, but it might consist of other things, such as who will take over care of your minor children. While many people want to save money by trying to create a will on their own, the entire document might be invalidated if it is done incorrectly. Let an experienced attorney help you.
Who Can Create a Will in Colorado?
In Colorado, you must be at least 18 years old to draw up a will. You must also be of sound mind, understand what assets you own, and clearly spell out how to distribute everything you have accumulated during your lifetime. All of this will be outlined in the document.
What Happens if I Die Without a Will?
If you don’t create a will in Colorado when you pass away, all of your property is distributed according to state “intestacy” laws. This means your property will end up going to your closest relatives. This begins with your spouse and children. If you don’t have a spouse or any living children, then your grandchildren or parents will get your property. The list of who gets your property continues on with increasingly distant relatives, such as siblings, grandparents, aunts, uncles, cousins, nieces, and nephews. If the court is unable to find any living blood relatives or relatives through marriage, the state takes your property.
How Does Marriage & Divorce Affect My Will?
In Colorado, if you name your spouse in your will and then you later get divorced, your former spouse is automatically eliminated from your will once the divorce is finalized. If you have a will created before you get married, your spouse would be entitled to the same share that they’d be entitled to even if you had no will at all.
Can I Change My Will?
Colorado law states that you can amend or revoke your will at any time, as long as you are mentally competent and not being unduly influenced by another person. If you want to amend your will, a new document should be drawn up by an experienced estate planning attorney, and the document should be executed properly.
Contact a Greeley Estate Planning Lawyer Today
If you need help drawing up a will, it’s always a good idea to contact an experienced estate planning attorney in Greeley. Most states have very specific rules regarding how a will must be executed. If you try to do it yourself and it is done incorrectly, it could invalidate the entire document. Let us help you.
At Brady, McFarland & Lord, LLC, our attorneys are knowledgeable and dedicated but also approachable and personable. We can help you with all of your estate planning needs. Contact us online or call us at (303) 420-2863 to schedule your free initial consultation.