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An estate plan is a comprehensive plan that includes documents that are effective during your lifetime as well as other documents that aren't in effect until your death.A will details where you want your assets to go at your death, and who you would like to serve as guardian of your minor children.
As my colleagues have stated the most important documents to have in addition to a will are: 1) a medical power of attorney; 2) a durable power of attorney; 3) an advanced health care directive; and 4) a HIPAA release.
Planning tasks include making a will, setting up trusts and/or making charitable donations to limit estate taxes, naming an executor and beneficiaries, and setting up funeral arrangements.
A Last Will and Testament. When it comes to estate planning, having a last will and testament is likely the first thing that will come to mind. A Document Granting Power of Attorney. An Advance Medical Directive. Revocable Living Trust.
Colorado Will $299. A simple will is the estate planning document most are familiar with.
You can make your own will in Colorado, using Nolo's Quicken WillMaker & Trust. However, you may want to consult a lawyer in some situations. For example, if you think that your will might be contested or if you want to disinherit your spouse, you should talk with an attorney.
To many, will planning and estate planning are one and the same.Both provide your relatives with instructions about how your property should be handled after your death, but estate planning goes even further to outline your wishes regarding your health, finances, and more, even while you're living.
The Estate Planning Must-Haves. Wills and Trusts. Durable Power of Attorney. Beneficiary Designations. Letter of Intent.