Press Release provided by Shelly Rosnik on May 17, 2018
LawyerCentral.com, May 17, 2018 — COLORADO — Life is full of significant events, like marriage and childbirth. These and other instances trigger the need to plan for your future and that of your loved ones. At Columbine Law Group, PC, in Parker, CO, the legal team includes skilled lawyers experienced in estate planning. Here, they discuss circumstances in which wise planning gives clients peace of mind.3 Life Events That Trigger Need for Estate Planning 1. Getting Married
Walking down the aisle and saying, “I do” means making a lifelong commitment to your spouse. Estate planning for married couples includes drafting wills and trusts to hold and dispose of individual and marital property, purchasing life insurance policies to provide for the surviving spouse, and disability insurance in case of extended illness or injury.2. Giving Birth or Adopting a Child
Parenthood adds a whole new dimension to your life. Little ones unable to care for themselves depend on you, so estate planning becomes crucial. You should update your will to include your children and name a guardian to take care of them in case you pass away before they become adults.
Your lawyer will guide you in creating a trust, which allows you to provide for your children financially, and then pass the property to them. You can name a trustee to administer the trust until the children are mature enough to handle the assets themselves.3. Catastrophic Illness or Injury
Catastrophic accidents and debilitating illnesses happen without warning, at any age. Wise estate planning anticipates the possibility of such life-changing events. Your lawyer will prepare a power of attorney so you can designate an attorney-in-fact to handle your business and personal affairs when you can’t. A durable power of attorney for health care lets you name someone you trust to make medical decisions for you.
Before the next significant event in your life, seek counsel from the experienced and compassionate estate planning lawyers at Columbine Law Group, PC, in Parker, CO. Call today for your free consultation at (720) 787-7870. Learn more about their work with wills and trusts by visiting their website, and keep up with them on Facebook.