1. What happens if I die?

   Without estate planning your estate is distributed by operation of law which can be contrary to your desires. In estate planning you can determine what happens to your estate.

2. What happens if I become totally disabled?

   There are methods of estate planning to provide for your family and to provide in detail for your care, and if necessary ,to secure for yourself the maximum of public assistance.

3. What happens if my spouse dies?

   There should be a coordination between the spouses to provide the maximum for each in event of death of the other, achieved through estate planning.

4. What happens if we get a divorce?

   Each spouse wants to continue with their life with proper financial assets in order to survive in this world, which can be achieved in estate planning.

5. What is a trust?

   It is a document that provides for the control of property within it and is advisable if a person owns real estate outside of Colorado, or is advanced in age and wishes to provide for another person to take care of them. A trust is also used: to segregate inheritance and other separate property from marital property, and to provide for complex estate planning, and to avoid litigation.

6. How can I save Taxes with estate planning?

   The many methods of tax savings include: making exempt gifts; using various gifts and discount procedures; providing for maximum exclusion of estate of first spouse from estate of surviving spouse; securing the maximum Generation Skipping Tax Exemptions. plus other procedures.

7. How do I provide for a disabled or addicted child?

   The provisions for such child should be in a trust, that can provide for all types of alternatives and methods of payments and monitoring and distributions of any kind for whatever purpose, and provide that if child requires medical qualification and assistance, such trust funds would be used to supplement the government aid.

8. I have a business or substantial property that I want to leave to my family?

   This requires applying certain estate planning techniques over a period of time so that you relinquish certain rights and make transfers to your family at discounted valuations.

9. Besides a Will and Trust what other documents are usually provided in estate planning?

   To provide for terminal illness, there is a Medical Durable Power of Attorney. To provide for disability there is a Statutory Power of Attorney for Property.

Estate planning is achieved by setting forth your needs, desires and property and being advised of all types of estate planning procedures and alternatives that can be applied. Then choosing that estate plan that meets your needs. This estate plan can include a Will, Trust, Powers of Attorney for Property and Medical Care, transferring property to other entities , changing forms of ownership, changing beneficiaries of retirement account and insurance policies, and other methods of planning. An estate plan should be periodically reviewed and particularly when changes have taken place in life of the person.