Estate Planning & Wealth Transfer Planning

The lawyers and paralegals at Coaty Marchant Woods, P.C. have worked with generations of clients planning their estates. Estate planning is planning the distribution of your wealth, real estate and assets for the well-being of your family and loved ones. Events for which you are unprepared can consume assets accumulated over a lifetime of work. We are an experienced legal team that understands the laws governing gifts, estates and trusts. We understand that estate planning is highly personal. Our goal is to listen to our clients in order to develop an estate plan that meets their goals.

The following are some of the planning devices that can be used:

  • Wills: A will serves as instruction on how an individual wants to have his/her property distributed at death. Our attorneys give personal service in preparing wills and advise clients to keep them up to date as circumstances and laws change. The original will is filed with the Probate Court at the time of death.
  • Living Trusts: A trust is a legal arrangement that allows property to be held in a trust for the benefit of you or a third party. By maintaining assets in a trust, you may be able to minimize taxes and leave a larger inheritance. You may also be able to avoid probate. Living Trusts often accompany a will, or a special type of will called a “pour-over” will, which leaves all property to a trust. Living Trusts are generally revocable.
  • Irrevocable Trusts: These trusts are often used to accomplish a specific objective and may be used to acquire and hold life insurance. These are very specific rules that must be followed in order for such a trust to be irrevocable.
  • Family Limited Partnerships or Family LLCs: It may be appropriate to organize an entity to transfer assets. A Partnership, corporation, or LLC can serve to meet the needs of a family.
  • Living Wills and Medical Powers of Attorney: It is important to be organized and prepared in the event you are incapacitated. With living wills and advance healthcare directives, you make the choices regarding medical care for all anticipated situations. We will help you designate one or more individuals to make decisions should the circumstance or need arise.
  • Pre-Marital and Post-Marital Agreements: It is often necessary to consider the transfer of assets prior to or during a marriage in the context of estate planning. We can help you with these arrangements.
  • Business and Succession Planning: Every business owner needs a plan to allow the continuation of the enterprise after their retirement or death. These plans can be simple or complex depending on the needs of the client. These may include Sales and Mergers or other transfers.

For additional information, contact us at Coaty Marchant Woods, P.C. in Evergreen, Colorado or call us at (303) 674-0800