Longmont 303-776-9900
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Commentary and Analysis Regarding Colorado Law

A Holiday Gift to Your Family

Submitted by Wallace H. Grant

Is your will up to date?  Do you have powers of attorney delegating financial and medical authority to a trusted family member or advisor?  Do you have a living will?  If not, spending some time updating your will and other estate planning documents would be a good holiday gift to your family, or a New Year’s Resolution that you can accomplish early in the New Year.

A Will is your opportunity to decide what happens to your estate upon your death.  In your will, you can designate who you chose to administer your estate; you can select guardians for your minor children; you can establish trusts for young children or family members who have special needs; you can determine who is to receive your personal items, such as collections, special tools, antiques, etc.; and you can decide how the rest of your estate is to be divided and distributed.  If you don’t have a will, those decisions are made by Colorado statutes, rather than by you!

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