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Every adult should have a written will. If you die without a valid will, you die intestate.
The Estate Planning Must-Haves. Wills and Trusts. Durable Power of Attorney. Beneficiary Designations. Letter of Intent. Healthcare Power of Attorney. Guardianship Designations. Estate Planning FAQs.
Estate Plan Drafting In Colorado, the cost for comprehensive estate plan drafting can range from $1,200 to $4,200 or more, depending on the complexity of your estate and the attorney's experience. The cost of creating a will in Colorado can range from roughly $350 to $850.
A: While there are many different ways to approach estate planning, the four foundational documents we're focusing on here are wills, trusts, advance directives, and powers of attorney.
What Is an Estate Plan? An estate plan is a collection of documents and includes a will, guardianship designations, healthcare power of attorney, beneficiary designations, durable power of attorney, and a personal letter of intent, outlining your wishes, should you die or become incapacitated.
5 Steps to Organize Estate Documents for Your Executor 5 Steps to Organize. ... Step 1: Create a checklist of important documents (and their locations) ... Step 2: List the names and contact information of key associates. ... Step 3: Catalog your digital asset inventory. ... Step 4: Ensure all documents are organized and accessible.
These documents include a financial power of attorney, an advance care directive, and a living trust or a last will.