Steamboat Springs Estate Planning Lawyers

What is an estate and what is estate planning? In short, it is the process of planning for the orderly distribution of your assets to go where you want them to go. It also allows for planning for your care and needs for a time when you may not be able to express those wishes to others.

Your estate consists of everything you own- cars, real estate, bank and brokerage accounts, your business interests, pensions, and other personal possessions. The most common tools used in estate planning are wills, revocable living trusts, and power of attorneys. At Jolein A. Harro P.C., our attorneys can explain these terms and other options that may be suited for you, and will help you decide which ones are best for your particular needs. We have helped hundreds of clients put their affairs in order, and have the experience to help you as well.

Successful estate planning transfers your assets to your beneficiaries quickly and usually with minimized tax consequences If you die without a will, your estate will be subject to probate, a process where the court steps in and distributes your property according to the laws of your state. Having a will can streamline the process of settling your affairs. A good estate plan will provide instruction if you are incapacitated and unable to make decisions for your own care. If you have minor children, an estate plan will provide direction on how you would like them raised, and will provide them a means to inherit your assets in the manner that you want. A guardianship or conservatorship will also see to your physical or financial care if you are unable to do so.

If you have an estate plan but have experienced significant life changes, we can help you update your documents. Contact Jolein A. Harro for a immediate and confidential consultation.