Cohesive Answers For Your Estate Planning Questions
Sitting down to create an estate plan can seem intimidating, but it does not need to be. At Schroer & Williams Law Offices, PLLC, people in Colorado Springs and throughout El Paso County sit down with attorney Ron Williams to develop wills, trusts and other estate planning documents. Ron understands that life is unexpected – the sooner you have an estate plan in place, the better you can feel knowing that your loved ones have protection if something happens to you.
Whether you need to create a fresh estate plan or update an existing one, you can find answers to some of your potential questions on this page.
If I am young and in good health, do I need a will?
Every adult should have an estate plan. Even if you have good health right now, you do not know what the future will bring. If you have an accident or injury, your estate plan will let your doctors, family and the court know how to handle your medical care, assets and other important issues.
What should I put in my estate plan?
Every estate plan is unique. However, every good estate plan will have a few of the same tools, including:
- A last will and testament
- A power of attorney
- A health care proxy
- An advanced care directive
- Trusts, if applicable
Your estate planning attorney should tailor these documents to suit your particular goals, financial situation and family life.
What additional considerations should I have if I am in the military?
If you are in the military, having an estate plan is absolutely crucial to provide for your family in case the unthinkable happens. You should think about issues such as:
- Who will inherit your military benefits
- How your spouse will pay for health care
- What will happen to your children
- Who will inherit your medals, ribbons and other assets
As an Air Force veteran, Ron can help you address these concerns and incorporate them into your estate plan.
What if I die without a will?
its laws of intestacy to distribute your assets. Your assets will pass to your next of kin – usually, your spouse or parent. This does not guarantee that your property and money will go to the people you would have chosen yourself. Your entire estate will also likely have to go through the probate process, which can cost your surviving loved ones a lot of money, stress and time.
Do I need to hire an attorney?
It is a mistake to try to write an estate plan yourself. Even though the internet has many do-it-yourself options that you can print, courts may not honor these documents. It is much wiser to hire a lawyer who can draft legally sound documents for you.
Begin Your Estate Planning With A Free Consultation
Are you ready to sit down and create your will, trusts and other estate planning documents? Ron Williams can help you. To request a free initial consultation, please call 719-900-3967 or send him an email. He offers evening and weekend appointments and can travel to your location.