A Denver estate planning attorney at The McGuire Law Firm can draft wills and other estate planning documents for you. Below is a description of what a will is and other information regarding estate planning. You can speak with an estate planning attorney by contacting The McGuire Law Firm.
An individuals will could be considered the cornerstone of their estate plan. A will allows an individual to direct who will receive various assets within their estate and who manages the estate such as your personal representative or the executor of the estate. A Will allows you to name a guardian for any minor children or custodian for individuals. Some people consider a will to be the most important legal document they ever sign. Without a Will, state law and a judge may decide who receives your property and cares for your minor children, respectively.
Within your will and last testament you can bequeath specific property to individuals and create a testamentary trusts, such as a minors trust. The testamentary trust is a trust that is created upon death and the trust document will control who the beneficiaries are, what distributions are made to the beneficiaries and when these distributions are made to the beneficiaries. A testamentary trust can be very beneficial in leaving assets and property to loved ones, but leaving the assets in a manner and/or over a period of time that you are comfortable with given the age of the beneficiary or other issues.
Contact The McGuire Law Firm to speak with an estate planning attorney regarding your estate planning needs. We can discuss your assets, circumstances and concerns and build an estate plan to meet your needs, wishes and goals.