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When Do You Need a Will?

Writer: melissadoughertyanmelissadoughertyan

Updated: Jun 15, 2024

If you have children, or own real property, then you need a basic Will. It always surprises me, when people I know confess that they have not taken steps to provide for future planning of their assets. I know. Not really a subject you want to bring up at a social occasion. Let's face it. Talking about death is not the best subject. But it is important to sit down with a professional attorney, and find out what your options are to provide for your family in case the inevitable happens.


Take care of your family... plan in advance

There are also Durable Medical Power of Attorney documents that I typically advise my Estate Planning clients to get. But you have to draft such documents before hand in advance of any incapacity. Therefore, it is imperitative to be proactive before any alzheimers, demensia, stroke, or coma sets in. Such documents are important for you to decide who can make medical treatment decisions for you, in case you become incapacitated.

Drafting a Will, Trust, Power of Attorney, Guardianship, Advanced Directive and Burial Instructions are some of the documents I advise clients to include in a comprehensive Estate Plan.

Estate Planning Attorney near me... Melissa Anderson at ColoradoEstatePlanner.com

 
 
 

Comments


Elder Law

This is one of the saddest most tragic examples of Elder Abuse I have come across.  It is the story of a grandma with inherited wealth living in Bel Mar Beach, just north of Miami Beach in Florida.  Click on the link to read the full article below.

At 93, She Waged War on JPMorgan—and Her Own Grandsons

Beverley Schottenstein said two grandsons who managed her money at JPMorgan forged documents, ran up commissions with inappropriate trading and made her miss tens of millions of dollars in gains. So she decided to teach them all a lesson.

https://www.bloomberg.com/news/features/2021-02-17/at-93-she-waged-war-on-jpmorgan-and-two-financial-advisors-her-grandsons?utm_campaign=news&utm_medium=bd&utm_source=applenews

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