What Is Estate Planning?

Estate planning is the process of determining how your affairs will be handled, what will happen with your assets, how you and your family will be taken care of, and who will make decisions in the event of your incapacity or eventual passing.

At Rocky Mountain Wills and Trusts, we believe all clients are unique and deserve to have an effective estate plan tailored to their specific needs and goals. Estate planning is much more than just deciding what happens to your assets when you pass on. It is about planning for you and your family while you are still here, for times you become incapacitated, and what will happen when you pass on.

We will take the time to meet with you and learn about you and your family, your unique situation, your plans and goals as well as your assets and financial picture. We will then help you to develop a plan that meets your needs and helps you achieve your goals.

What Is an Effective Estate Plan?

An effective estate plan is an up-to-date plan that meets your needs and helps you achieve your goals if you become incapacitated or upon your eventual passing. This is achieved through a series of legal documents which may include the following:

  • Will
  • Trust or Trusts (there are many types)
  • Pet Trusts
  • Financial Power of Attorney
  • Health Care Power of Attorney
  • Advance Care Directives
  • Guardianship Designations for Minor Children
  • HIPAA Authorization
  • Asset Protection
  • Business Succession Planning

An effective estate plan can protect your family and assets and avoid disagreements and fighting between family members while seeing to it that your wishes are carried out. In addition, proper planning can be used to reduce or sometimes even eliminate estate tax or other taxes. Finally, many parts of your estate plan may be structured to avoid costly and public probate.

Contact us to get started with your estate plan.