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The importance of doing estate planning right

Using an online legal site to create a basic will may be worthwhile for Colorado residents with simple estate planning needs. However, it may not be ideal for those who have complex needs or who don't want to overlook key details. In many cases, an individual pays for an attorney because that person understands what to look for when creating an estate plan.

In many cases, an individual doesn't know what he or she hasn't put into the plan that could complicate its execution in the future. An individual may also be prone to making mistakes when crafting a will, trust or other plan document. By hiring an attorney, it may be possible to avoid a mistake that could lead to a dispute. Even if hiring an attorney doesn't prevent the dispute, legal counsel may be to articulate what a person's intent was when creating an estate plan.

Those who need to create a trust may wish to do so with the help of an attorney. This is because an individual may not know that he or she has to retitle assets for the trust to be any good. Individuals who think that they understand the terminology and other rules for creating an estate plan may still want to have an attorney review their work to ensure that it was done properly.

An estate plan may give an individual greater control of his or her assets both in life and after death. Creating a trust may increase the odds that future generations use money or other assets for productive and positive reasons. Creating a will may ensure that assets go to their intended beneficiaries in a timely manner. Consulting with an attorney may increase the odds that an estate plan meets the needs and goals of its creator.

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Samuel J. Owen, P.C.
350 Indiana Street
Suite 150
Golden, CO 80401

Phone: 303-647-5099
Toll Free: 888-575-9349
Fax: 303-271-0101
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CBA | Colorado Bar Association | Established in 1897 Denver Bar Association | Since 1891 Nebraska | State Bar Association Naela | National Academy of Elder Law Attorneys, Inc.