Estate Planning Attorney
Iyer Law Office’s experienced and expert Estate Planning Lawyers will help you insure that your lifetime of hard work and careful planning will benefit you during your lifetime and your loved ones after your death. Planning produces positive results upon a disability or death. Failing to plan can cause unnecessary problems, delays, taxes and expenses.
At Iyer Law Office we can help you with the following and more:
Wills
Trusts
Planning For Retirement
Probate Administration
Probate Litigation
There is a 58% probability that you will suffer a disability of 90 days or more during your life. It is certain you will die. Failing to plan commonly results in the imposition of default "remedies," such as guardianships, conservatorships, and intestate succession. These default remedies frequently will not produce the results that you would have chosen. Failing to plan will often result in additional or unnecessary expenses, taxes, and delays.
AARP reports that only 60% of people over age 50 have wills, 45% of these people have durable powers of attorney, 30% of these people have advance medical directives, and only 23% have living trusts. These statistics indicate that most people fail to make a comprehensive estate plan. And of those who have completed their estate plans, the odds are that they haven't reviewed their plans in years.
At a minimum, a comprehensive estate plan will address the following issues:
What medical care do I want if I am dying and cannot make decisions concerning my care?
If I become disabled, how will I pay for my nursing home or long-term care and for the support for those dependent upon me?
Whom do I want to manage my assets and personal affairs if I become disabled?
Whom do I want to settle my affairs and distribute my property after my death?
Where do I want my property to go at my death?
How can I minimize expenses, taxes (income, probate, and estate taxes) and delays if I become disabled or die?
When I die, do I have sufficient assets or insurance to pay administrative expenses and taxes resulting from my death and to provide for my beneficiaries?
Because laws and your personal circumstances change over time, you should regularly review your estate plan. We recommend that you review your estate plan with your attorney whenever you have had a significant change in your circumstances or at least every five years. Self help in planning your estate or will is very risky. You have much to lose. Why risk having your last wishes not fulfilled the way you wanted. Remember if your will or estate plan is incorrect or incomplete your will or estate plan will not be honored or enforced by the court. Then your will or estate plan will fail. The wishes of the State of Colorado's will and wishes will be enforced not yours. Your intended heirs also lose tons of money in probate fees and probate litigation costs. Be smart and wise. Let our experienced and expert estate and will lawyers help you make your last wishes come true.
If you're ready to create your will or estate plan or just need to make adjustments to the will or plan you already have contact our offices today.
