Tomorrow is never certain, and not having a will in place now can have significant impacts on your loved ones in the future. While you may not want to think about planning for your passing or you may think that you don’t have enough assets to make drafting a will necessary, there are a number of important reasons why taking a little time now to put a will in place can end up saving your loved ones money, stress, time and additional grief in the future.

In this three-part blog series, we will reveal some of the more important reasons to draft a Will now. If you have questions about drafting wills or any aspect of estate planning, don’t hesitate to contact the experienced Trinidad and Pueblo estate planning attorneys at Gradisar, Trechter, Ripperger & Roth. We are skilled at developing innovative estate planning solutions to meet our clients’ needs and wishes for the future.

Here’s Why You Should Draft a Will Now…

Reason 1 – To choose your beneficiaries and decide how your estate will be handled.

Have you been putting off drafting a will? If so, here are some reasons why you should not procrastinate any longer and you should draft a will soon. Contact us for more info and help.

Have you been putting off drafting a will? If so, here are some reasons why you should not procrastinate any longer and you should draft a will soon. Contact us for more info and help.

One of the most important reasons to draft a will is that having a valid will in place can empower you to select your beneficiaries and specify how you want your assets to be distributed upon your passing. For instance, you can draft a will that details that:

  • Certain assets should be designated to children from a prior marriage.
  • Certain people should NOT be allowed to inherit your assets.
  • Some of your estate should be donated to charity.

Alternatively, without a will in place, your estate and assets can:

  • End up tied up in probate for months or longer
  • Land in the hands of creditors and/or government officials, instead of your loved ones (as a lack of a will can result in excessive estate taxes, etc.)
  • End up in the hands of relatives whom you would not have wanted to receive your cherised assets, heirlooms, etc.

Reason 2 – To protect your minor children.

If you have minor children, then putting a valid will in place now can help you protect your children in the future by:

  • Naming guardians for your children in the event of your passing
  • Setting aside assets for your children to financially support them in the future.

In the tragic event that you do not have a will in place and you pass away, decisions regarding who the guardian of your minor child(ren) should be can be left up to strangers in the court, and people who you would not have selected as guardians for your child(ren) can end up be appointed to this position.

For some more reasons why you should draft a will if you haven’t done so already, be sure to check out the upcoming second and third parts of this blog series!

Trinidad and Pueblo Estate Planning Attorneys at Gradisar, Trechter, Ripperger & Roth

If you are ready to craft a will or modify an existing estate plan, the Trinidad and Pueblo estate planning attorneys at Gradisar, Trechter, Ripperger & Roth are ready to provide you with the highest quality legal services. Experienced and respected, our Trinidad and Pueblo wills and estate planning lawyers have been dedicated to helping our clients navigate the complexities of the legal system and to favorably resolving their important legal issues since 1972. With the help of our trusted attorneys, you can develop an effective, comprehensive will and estate plan that will protect your loved ones well into the future.

Contact Us

To learn more about our superior legal services and how we can assist you, contact us by calling (719) 566- 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.

Categories: Blog, Estate Planning, Wills