Basic Estate Plan with a Will for Married Testator
This package will contain the most common elements required in a basic estate plan utilizing a last will and testament. You will receive a Will for Married Testator, a Power of Attorney with Durable Provision and a Living Will with Health Care Power of Attorney. Please note that each spouse must complete their own Basic Estate Plan with a Will for a Married Testator. This package includes:
- Will for Married Testator. – A will enables a testator (the person making a will) to make sure that his/her family and loved ones are provided for and all possessions or property will be distributed in accordance with his/her wishes. This document is not designed for a complex and large estate that raises special tax considerations. This document should be used only for a basic estate which is below the threshold for the payment of inheritance tax and where discretionary trusts and settlements are not required. It has been specifically designed for use by a married person.
- Power of Attorney with Durable Provision. – A "power of attorney" is a legal document where one party (the Principal) authorizes another party (the Agent or the Attorney-in-fact) to act on his or her behalf during an absence. This authority can specifically include or exclude several areas of interest, including matters of physical property, real esate, banking, insurance, tax matters, etc.
- Living Will and Health Care Power of Attorney - Colorado.– Living Will and Health Care Power of Attorney -- a document which allows a person (the declarant), while healthy, to provide instructions regarding what healthcare he or she wishes to receive in situations of a coma or other critical medical condition where the person cannot communicate or be of sound mind. This document will also identify the person who will carry out these instructions (the attorney-in-fact). In some states, this document is referred to as an Advance Directive.
Contact us today if you're not sure what package is right for you, if you have any special requirements or if you just need to ask a question.
