An estate plan is a set of testamentary documents that provides instructions to survivors about how the decedent wished to distribute the property and assets in their estate. Colorado residents of all backgrounds and walks of life should have estate plans to ensure that their end-of-life wishes are honored in the event that emergencies or other unexpected events curtail their lives. Estate planning attorneys can assist readers who are interested in pursuing this type of legal work.
However, some estate planning documents may be important even before the drafter passes away. For example, if a person becomes incapacitated and is unable to make decisions for themselves, they may need someone else to act on their behalf. With regard to financial matters, this person can be named in a financial power of attorney document.