When starting the estate planning process, knowing where to begin and what you need to do can be a bit overwhelming. To help guide you through the process, below, we’ve provided an indispensable estate planning checklist.

When you are ready to get some professional advice regarding your best estate planning options, don’t hesitate to contact the trusted Trinidad & Pueblo estate planning attorneys at Gradisar, Trechter, Ripperger & Roth.

Use This List to Start Developing Your Estate Plan

  • This indispensable checklist for estate planning can help guide you through the process, experienced Trinidad & Pueblo estate planning attorneys explain.

    This indispensable checklist for estate planning can help guide you through the process, experienced Trinidad & Pueblo estate planning attorneys explain.

    Devise a will – This is an essential estate planning document that should include details about how you want your assets to be distributed after you pass, who will care for your minor children if you and the other parent pass away, etc.

  • Devise medical & financial powers of attorney – Estate planning is not solely focused on death. It can also set up essential protections in the event people become incapacitated and unable to make decisions for themselves/handle their own health care and/or financial affairs.

  • Create one or more trusts (if needed) – If you are concerned about minimizing your loved one’s probate headaches after you pass, devising one or more trusts may be necessary. Similarly, if you have loved ones with special needs (or you have other wishes, like leaving certain assets to charity), setting up trusts will be another important step to take during the estate planning process.
  • Designate beneficiaries for bank & retirement accounts – Filing “pay-upon-death” or “transfer-upon-death” beneficiary forms for your bank accounts and retirement accounts can ensure that these assets are directly transferred to a beneficiary (without having to pass through probate). This can be essential to ensuring a loved one has access to financial support ASAP after a death.

  • Detail your wishes for your final arrangements – In a document that is separate from your will, laying out your wishes for how you would like to be put to rest is another crucial step of the estate planning process. This can include details about funeral, burial and/or cremation plans, and providing these details can relieve loved ones of some stress after a death.

  • Address issues regarding estate taxes, life insurance and/or a business – These issues can be complicated, but taking the time to figure out how they will be dealt in an estate plan can also be necessary if you really want to protect your loved ones and their interests in the future.

  • Store your estate planning documents – Generally, it’s advised that people store their estate plans in a few secure places (like with a lawyer and/or in a safe) and that they tell their loved ones where to find these documents. It can also be smart to remind loved ones about where estate plans are kept before going on trips, prior to undergoing surgery, etc.
  • Make a plan for regularly reviewing & updating your estate planning documents – It’s generally advised that you review and prepare to update your estate plan at least once per year or after any major life change (such as a marriage, divorce, birth, death, etc.).

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

When you are ready to develop an estate plan, the Trinidad & Pueblo estate planning attorneys at Gradisar, Trechter, Ripperger & Roth will be here for you, ready to help you devise the best estate planning solutions for you and your family.

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.

Categories: Estate Planning