Are you looking for an estate planning attorney? How do you know when you should begin estate planning? What exactly is estate planning? Lucky for you, Ores Law has estate planning attorneys that are reliable and will take the time to explain estate planning to you. Our Loveland location makes it easy for us to serve everyone in the greater Loveland and Fort Collins areas. If you need to make a will, we can help. If you have any questions about trusts and probates, we can help. Below is some basic information to help begin your journey in planning for the future.
Your estate plans is basically everything you own: car, house, checking and saving accounts, investments, life insurance, furniture. Estate plans are needed to make sure that your wishes are carried out. The instructions tell who you want to receive your possessions, what you want them to receive, and when they will receive it. For estate planning, you’ll need an estate planning lawyer to help write the best instructions possible.
Making a will can be difficult and most people don’t bother making one. A will, also known as last will and testament, may be left to give people instructions about the deceased’s property. Wills can be used to name an executor, name guardians for children and property, pets, how debts and taxes will be paid, and it can also serve as a backup to a living trust. For making a will, we recommend getting a wills lawyer.
A probate is a legal process that takes place after someone dies. A will is used as proved information in court and is accepted as the true last testament of the deceased. The probate is what happens legally after the person dies. Usually, there is minimal paperwork. A probate is meant to prove the validity of the deceased person’s will in court. Probate is also used to mitigate the estate of a deceased person who did not create a will, known as an intestate estate. In both circumstances, the property is identified, inventoried and appraised. The debts and taxes are paid, and the remaining property is distributed as the will or intestate estate directs. For going through the probate process, we recommend a probate lawyer.
Contact us to find the best estate planning lawyers in the Loveland and Fort Collins areas.