What Can Estate Planning Do For You?
An estate plan serves many purposes. It can organize your finances. It clearly identifies how your assets will be distributed. It creates trusts that may eliminate the need for probate. It can put in place powers of attorney and advance directives that explain how you want medical emergencies handled when you cannot respond. And it can lift a substantial burden from your family and heirs and reduce the potential for conflict.
But it can only do this if you have created one prior to your death. The Law Firm of Bruce A. Danford, LLC, prepares and organizes estate plans, assists clients functioning as personal representatives or executors and helps those who need other related issues such as conservatorships and guardianships.
We create an estate plan that minimizes your taxes and other costs during probate. Our attorney drafts your estate plan, including your trusts, and can recommend a plan that exposes your estate to the least tax liability. We have created legal tools such as:
- Special needs trusts
- Living trusts
- Conservatorship and guardianship documents
- Charitable remainder trusts
- Grantor-retained annuity trusts
- Trust planning
Do I Need A Living Will?
Yes, because you do not have to be elderly to need one. An accident or illness can strike anyone at anytime. A living will is a simple, yet important document. It is also known as an advance medical directive, and it ensures that a doctor knows what type of care you want if you become incapacitated. We can help you make those hard end-of-life decisions for your care and not leave them to others to face for you. This simple directive can save your family from a painful situation.
Everyone Should Have Medical Power Of Attorney Documents
A medical power of attorney is an important document whereby a person is able to designate who may act on their behalf if they are unable to make their own decision regarding health care. We draft Health Insurance Portability and Accountability Act (HIPAA) compliant medical powers of attorney to protect our clients’ wishes regarding health care.
Colorado General Power Of Attorney
A general power of attorney covers when someone else may act on your behalf if you are unable or unavailable to act on your own behalf. These powers may take effect immediately or upon the occurrence of a certain event such as incapacity. We draft complete and thorough documents which are accepted by brokerage firms, banks, financial institutions, the IRS and other entities with which you may need someone to act on your behalf in case of an emergency.
The Law Firm of Bruce A. Danford, LLC, is a small firm that takes the time to explain the estate planning process. We will interview you to determine what type of financial plan you already have, and what you want to happen in the future. We will formulate a plan for you to achieve your financial goals and provide for your family.