Estate Planning Attorney in Denver
Protect your assets and provide support and financial stability for your surviving relatives by hiring an experienced estate planning attorney to develop a plan for your specific situation in Denver. Our Estate Planning Law Firm will help you establish a will, trust and power of attorney to ensure your family is taken care of after your passing.
What Is The Difference Between A Will And A Living Trust?
One main difference between a will and a trust is that a will goes into effect only after you die, while a living trust takes effect as soon as you create it. A will is a document that directs who will receive your property at your death and it appoints a legal representative to carry out your wishes. By contrast, a trust can be used to protect and distribute property before death, at death or afterwards. Here at Lewis & Matthews P.C. in Denver, we’d be more than happy to act as your attorney for estate planning so that you may rest easy knowing your family’s future is financially secure.
Advantages To Having A Living Will
A living trust is a written legal document through which your assets are placed into a trust for your benefit during your lifetime and then transferred to designated beneficiaries at your death by your chosen representative, called a “trustee.”
Although educating yourself about living trusts and other forms of financial planning is wise, you can hardly be expected to become an expert in the matter overnight; an estate planning attorney provides the thoroughness that can’t be found from a Google search, which could mean the difference in thousands of dollars for your family.
A Will Becomes Effective Only After You Die
The best way to ensure that your estate — including all of your belongings and financial holdings — is handled according to your wishes is to sit down with a Denver estate planning attorney to write a will. A well-written will can make the process of transitioning property to survivors relatively pain-free, while also offering a chance to express personal sentiments toward loved ones. The process of creating a legal document can be a daunting task, and legal formalities must be complied with to ensure that your will is enforceable. That’s why many people turn to an experienced estate planning law firm like Lewis & Matthews for assistance with these important documents. We can simplify the process.
Power of Attorney
A power of attorney is used during those moments in life when it is necessary to get a trusted confidant to act on your behalf. By detailing how you want matters regarding your health and finances handled in the event of an emergency, you are sparing your family and friends the unpleasant task of making such decisions in a stressful time. If you need help drafting a power of attorney, consult Lewis & Matthews for advice about your individual situation. There are certain requirements you need to fulfill in order to properly execute any type of power of attorney.
Call Lewis & Matthews, P.C. today to consult with an experienced estate planning attorney so that you and your family are placed on the right track.