Bauer Law provides a wide range of estate planning services, adjusted to meet each individual’s needs. At a free, confidential consultation we will discuss various estate planning techniques. Below are many estate planning options.
Your Will establishes how you want things handled after your death. You can nominate who you want to handle all your affairs, the personal representative (executor) of your estate. You can nominate a guardian to care for and raise your minor children. You can specify how your assets will be devised and how your taxes should be paid. Everyone should have a Will, but be certain it is drafted by a qualified attorney or it can cause more damage than good for your loved ones.
Your Separate Memorandum allows you to specify persons to receive your personal tangible items upon your death, such as a watch, grandfather clock or baseball card collection.
Your trust holds assets for certain beneficiaries and/or certain purposes. For example, parents of minor children can specify that a trust be created if the parents die prior to their minor children reaching the age of majority. The trust is funded by the parent’s assets, life insurance, etc. The parents nominate a trustee to pull funds from this trust to care for the minor children. This is just one example, there are various types of trusts to accommodate many different scenarios.
Durable Power of Attorney
Your Durable Power of Attorney allows you to nominate someone, your agent, to handle your financial affairs, should you become incapacitated. This allows your agent to access your financial affairs on your behalf when you are unable. This can be drafted to include all financial affairs or be limited to certain affairs and/or a certain time period. Your durable power of attorney is no longer valid after your death.
Durable Medical Power of Attorney
Your Durable Medical Power of Attorney allows you to nominate someone to handle your medical affairs, should you become incapacitated. This allows the agent to make medical decisions on your behalf when you are unable. This includes compliance with current HIPPA laws and works in conjunction with your Advanced Medical Directive (also known as a Living Will).
advanced medical directive (Living Will)
Your Advanced Medical Directive allows you to establish a length of time you would like to receive life support and/or artificial nourishment, should you suffer an injury or illness requiring these medical services. Medical professionals use this document when you are unable to convey your wishes at the time of the medical services. We are careful to align this with your wishes in your Medical Power of Attorney.
Disposition of Last Remains
Your Disposition of Last Remains allows you to establish whether you would like to be buried or cremated. You can specify a type of ceremony, flowers, music, etc.
We will analyze any business ownership you may have and update your business documents, if necessary. We ensure your business documents and estate planning documents are synchronized to achieve your goals.
Premarital Agreements establish duties and property rights of married couples during the marriage as well as at death or upon divorce. This is becoming a popular vehicle for persons entering a marriage with children from another relationship due to Colorado’s definition of “marital property”.
Similarly, Cohabitation Agreements establish the duties and property rights of cohabitating couples during their relationship and upon death or divorce. Generally the main purpose of this document is to specify that the couple is cohabitating but not common law married.
Special Needs Planning
We have special provisions and documents to properly plan for persons with disabilities. We take caution to not disturb disability benefits.