Protect Both Your Family and Your Assets: Hire a Grand Junction, CO Estate Planning Attorney
State Laws Rule Everything
Understanding a Complex Family Situation
- Recent divorces
- Underage children
- Owning a business
- No children
- Having a problem child
- Recently lost a spouse or family member
What Tasks Does an Estate Attorney Complete?
- Drafting up a will
- Designating the beneficiaries
- Seeking ways to avoid probate court
- Setting up trusts to protect your assets
Usually, an estate planning attorney will charge you a flat fee when they draft any legally binding documents. You could hire them on an hourly basis to handle disputes and act on your behalf. This ensures that when they carry out your will, it is conducted according to your last wishes.
Let us say that one of the family members decides to contest the will. In that case, you want to consult a Grand Junction, CO estate planning lawyer because lawsuits can drain the estate funds, and all beneficiaries will suffer because of this. An estimated 99 percent of all estates will not owe on federal estate tax, and only an estate with a combined value of $11,400,000 will need to file a form. Before you go bouncing off the walls, however, you should first know that state estate taxes could still have application. Colorado, for example, adds an estate tax of 35 percent for properties over $5 million.
If you have questions or concerns, it might be time to find an attorney. Trace Tyler is an experienced estate attorney who services the Denver, Colorado area. Contact him today!