Proper estate planning involves more than just creating a will or trust. It requires organizing and maintaining a collection of crucial documents (everyone loves paperwork, right?) to ensure a seamless transition of assets and protect your family's financial future. We put together a checklist of important papers for estate planning so you can make sure you have everything you need!
📄Will and Trust Documents: Althaus Law will start by drafting a clear and legally binding will that reflects your wishes regarding asset distribution, guardianship of minor children, and appointment of an executor. If you have established any trusts, such as revocable living trusts or irrevocable trusts, keep copies of these documents with your will. Althaus Law can assist you in crafting these essential documents accurately and ensuring they align with your unique circumstances.
💰Financial Account Information: Compile a list of all your financial accounts, including bank accounts, investment portfolios, retirement accounts, and insurance policies. Althaus Law can help you organize this information and ensure it is up to date. By centralizing this data, you provide your loved ones with a clear picture of your financial landscape, facilitating the administration of your estate.
🏡Real Estate and Property Documents: Maintain copies of deeds, titles, and mortgage documents for any real estate properties you own. Althaus Law can guide you through the process of properly documenting and organizing these papers, ensuring that your property is correctly accounted for in your estate plan. With their expertise, you can confidently address any complexities associated with real estate assets.
👪Beneficiary Designation Forms: Gather copies of beneficiary designation forms for retirement accounts, life insurance policies, and other assets that allow direct beneficiary designations. Althaus Law can help you review and update these designations to ensure they align with your current wishes. By doing so, you provide clarity and certainty regarding the distribution of these assets.
👩⚕️Powers of Attorney and Healthcare Directives: Include copies of durable power of attorney forms for financial matters, as well as healthcare proxy forms or living wills that outline your medical preferences. Althaus Law can provide guidance in establishing these documents, ensuring that your wishes are respected in case of incapacitation. They can also assist you in selecting and designating trusted individuals to act on your behalf.
🧑💼Legal and Professional Contacts: Maintain a list of important contacts, including your attorney, accountant, financial advisor, and insurance agent. Althaus Law can provide recommendations for legal and professional resources, helping you assemble a trusted network of experts who can support your estate planning needs.
Estate planning is really important and it's worth knowing that everything is in order just the way you want it to be!
Working with a local attorney like Althaus Law who specializes in estate planning will set you up for success and give you peace of mind that everything will go as planned when the time comes.
About Althaus Law
Althaus Law is a local estate planning and probate law firm in Northglenn serving the Denver area.
Their mission is an important one in our community, to give families peace of mind knowing you’re prepared and your family is protected if the worst happens.
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The team at Althaus Law also cares about helping our overall community become better each day. All of their team members volunteer more than 10 hours every month to local nonprofit organizationsand the firm is committed to donating a percentage of profits back to charities and nonprofits in Colorado.
Althaus Law
11150 Huron St. Suite 102
Northglenn, Colorado 80234
contact@althauslaw.com
720-547-2319
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