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Wills in Colorado must be executed with the proper formalities

People in Colorado Springs may have seen scenes in movies or on television where a dying person makes a will, often with the phrase, "I, being of sound mind and body ..." However, these portrayals of executing a will aren't always accurate. First, an adult of any age who is in good health can execute a will -- they need not be elderly or at death's door. Second, certain legal formalities must be followed in order for a will to be made legally sound and enforceable.

What assets cannot be included in one's will?

No one in Colorado Springs truly wants to think of their eventual death. However, death is a certainty no matter what a person's age or wealth. Therefore, it is important to plan for what happens to your assets after you die. Many people choose to accomplish this goal by executing a will. However, they should keep in mind that certain assets cannot be disposed of in a will.

How can a will in Colorado be revoked?

Estate planning is important for people of any age. Some people in Colorado take the wise step of executing a will prior to old age. While this document may serve them well for many years, as the future brings new people and new experiences into a person's life, that person may want to revoke their existing will and create a new will. However, there are certain requirements that must be met to legally revoke a will.

Why is it important to periodically review one's will?

While some people in Colorado Springs may have already executed an estate plan, it is a mistake to think that estate planning is "one and done." In fact, there are a variety of reasons why it is good to review one's estate plan. This way, a person can ensure their estate plan accurately reflects their wishes as their life goes on.

Schroer & Williams Law Offices, PLLC
7045 Campus Drive, Suite 103
Colorado Springs, CO 80920-6560
Phone: 719-473-4355
Fax: 719-380-0299
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