Estate Planning Lawyers in Denver Helping Carry Out Your Final Legacy
Your life and dreams are bigger than just accumulating money and property. An estate plan is like a time capsule in a way, giving you one last opportunity to share your legacy and pass on your values and everything you built from scratch to the next generation.
Estate planning is the process of establishing a framework for how your property and assets will be distributed in the event you become incapacitated or pass away. Shaping your estate plan is an important overall part of financial planning, allowing you to secure income and future financial security for your family members.
From living wills to revocable living trusts, estate planning is a craft our estate planning attorneys with Ragab Law Firm, P.C. have fine-tuned over the years. We add value for our clients in every stage of life as we use our expertise to help them build comprehensive asset protection strategies that consider legal protection for their property, business, money, healthcare choices, loved ones, and valuable possessions.
Ragab Law Firm, P.C. and our team of estate planning lawyers, is the firm you can trust to help you plan for the future and save your family the added heartache, time, costly legal battles, and unnecessary family conflict when no estate plan is left behind.
Why Don’t More People Have an Estate Plan?
If people spent more time considering the benefits of an estate plan rather than all of the reasons they shouldn’t get one, we would have nearly 70 percent more American families, assets and futures protected.
Most people haven’t gotten around to legacy planning, according to cnbc.com. This is one of the top reasons folks don’t have an estate plan. The same survey also shows that people don’t believe they have enough assets to pass on, and the estate planning process is too expensive.
Other common myths include:
- I’m too young
- I only have one child and don’t need to worry about anyone fighting for my assets
- I don’t want to think about death
- I don’t have enough property or belongings to pass on
- Estate planning is expensive
- It’s too much work
- I don’t know why I need one
An estate plan protects both simple and complex estates, and it’s not just for the wealthy, as many believe. An estate plan can grow with you and your lifestyle as your assets mature and also provide important protection if you have a broader spectrum of assets, including minor children, multiple properties, businesses, and more.
Where Do I Start with Estate Planning?
One way to make estate planning less overwhelming is to treat it like the journey it is and start where you are right now. Take small steps in the right direction and lean on the expertise and knowledge of a credible estate attorney like Ragab Law Firm, P.C., to establish the framework that will help you preserve, manage and protect your assets for your family’s benefit.
An estate plan protects your beneficiaries and young children, eliminates taxes and probate court, and prevents internal family conflict.
An estate planning attorney will help you see the bigger picture and how a complete estate plan considers and protects every facet of your life, from your health and medical choices to guardianship for your minor children to other legal tools that will ensure the proper distribution of your assets, and without any court involvement.
When building an estate plan, these five components pack a powerful punch together:
- Last will and testament
- Living trust
- Durable power of attorney (POA)
- Healthcare power of attorney (POA)
- Living will
An estate planning attorney with Ragab Law Firm, P.C. will be a valuable asset in helping you plan for the unexpected with all of the right strategies, from the get-go, that align with your values and long-term goals as a family.
Can I Protect My Family from Probate Court?
You’ve come to the right place if you’re thinking about ways you can ease the burden on your family when you’re gone. The probate and estate administration get involved when there’s no estate plan available or only a living will. If you complete only a will, the probate court must get involved in order to authenticate and validate the will so the executor can distribute the assets as instructed.
As a legal document, a will serves an important purpose in communicating some of your end-of-life wishes, though as a standalone document, you cannot include plans for certain kinds of property or reduce your estate taxes, among other important decisions.
In order to prevent the probate process, you must consider the valuable addition of a trust as part of your estate plan. A trust is a private fiduciary agreement that becomes effective immediately, unlike a will that only goes into effect after you die. A named trustee preserves and manages the trust while you’re alive, in the event you become incapacitated, and distributes assets after your death.
With the addition of a trust, you can minimize estate taxes, protect your estate from creditors and lawsuits, and ensure your assets are distributed directly to your loved ones with no probate court involvement.
If your ultimate goal is to remove any legal hassle after your death, a trust will accomplish this. Get a head start on estate planning and safeguard your family’s future by calling our estate planning and probate lawyers today at (303) 564-7313.
Get Peace of Mind with an Estate Plan
When you call Ragab Law Firm, P.C. to discuss your end-of-life plans, our estate planning lawyers will leave you with more clarity on the overall process than when you started. And sometimes, this is the right remedy for the confusion and concern that often hinders people from protecting their assets in the first place.
Not having an estate plan can be devastating to the people you leave behind. When you partner with Ragab Law Firm, P.C., you are making the powerful choice to secure your future and create comfort and security for your family long after you’re gone.
We help you minimize risk and provide legal counsel and guidance as you navigate some of life’s toughest decisions. We identify the best possible estate protection options to avoid probate court and strategies that reduce or avoid taxes, such as:
- Creating a will
- Setting up a trust
- Considering special needs planning or other arrangements
- Designating beneficiaries
- Designating legal guardians
- Drafting guardianship agreements
- Establishing power or durable power of attorney
All of your needs are covered when you consider our all-encompassing approach to estate planning. Our practice focuses on you and your family every step of the way as part of our ongoing commitment to creating a beneficial end-of-life planning experience. Get peace of mind today and speak with one of our estate planning attorneys at (303) 564-7313.