4 Things to Consider When You Are Ready to Develop an Estate Plan

As you get on the path to planning for your loved ones and your estate, there can be a number of different things to consider. Below are some questions to ask yourself  when you are ready to start thinking about and making decisions regarding some of the important issues in estate planning.

When you are ready for some professional guidance and advice, however, don’t hesitate to contact the experienced Pueblo estate lawyers at Gradisar, Trechter, Ripperger & Roth.

When Estate Planning, Ask Yourself…

1 – What will happen if I become incapacitated?

Considering these things when developing an estate plan can help you protect your loved ones in the future, experienced Pueblo estate lawyers explain. Here’s why.

Do you know who you would want to make important financial and/or medical decisions on your behalf? Do you have a business?

These are things to think about because they can help you decide who you would want to designate with powers of attorney to oversee your needs in the event an accident happens or an illness strikes.

2 – Who will take care of my minor children when I’m gone?

If you have minor children, then another important consideration will be who would care for them in the event you and the other parent pass (or become incapacitated). So, take some time to think about who you would trust to raise your children if you (and the other parent) couldn’t.

If you don’t plan for such a contingency now, it could be up to the courts to decide later. And that could ultimately mean that your children are raised by someone you wouldn’t have chosen.

3 – Who do I want to take care of my final wishes?

In other words, who would you trust to oversee your will and carry out your wishes? Whoever this person is should be your personal representative or executor. Here, it’s important to point out that you should think about a few potential people to fulfill this position and then rank them according to your preference (i.e., who would be your first, second, third, etc. choices).

This is because your first or second choice for executor may end up not accepting the role later – or (s)he may not be available to fulfill it. Having a backup choice will mean that someone whom you trust will still be able to fulfill that role later, rather than having the court select this person on your behalf.

4 – How do I want my remains to be laid to rest?

Although thinking about these details can be uncomfortable for you now, they may end up being painful for your loved ones later if they have to try to guess what you would have wanted after you pass. By putting these details in place during the estate planning process, you can spare your loved ones extra stress later.

Contact the Trinidad and Pueblo Estate Lawyers at Gradisar, Trechter, Ripperger & Roth

If you are ready to start devising an estate plan, the Trinidad and Pueblo estate lawyers at Gradisar, Trechter, Ripperger & Roth are ready to provide you with the highest quality legal services.

To learn more about our superior legal services and how we can assist you, contact us by calling (719) 556- 8844 or by emailing us using the contact form on this page. From our offices based in Pueblo, we represent clients in Trinidad, La Jara, Lamar, Walsenburg, Alamosa and throughout the state of Colorado.

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