Estate Planning Services in Denver, CO
Recent studies indicate that nearly 60% of adults in the U.S. do not have an estate plan.* Estate planning involves the preparation of the transfer of an individual’s wealth and assets in the event of his or her death or incapacitation. Your estate consists of all the property you own, including real estate, investments, vehicles, businesses, and more. The estate planning process not only allows you to decide who you will leave your assets to but can also reduce the taxes and stress on beneficiaries by setting up a trust account in the beneficiary’s name.
It is crucial to have preparations in place for the transfer of your assets in order to ensure that your wishes are carried out and also to help minimize arguments and even legal battles between beneficiaries. If you do not designate beneficiaries for your assets, the court will decide after your death—a time-consuming process that can result in extraordinary legal expenses for your heirs. Estate planning also assists in making other important decisions, such as who will be named guardian of minor children in the event of the individual's incapacitation or death.
Discussing Your Estate Plan with Your Financial Advisor
Many people turn to a financial advisor or financial planning companies for assistance in beginning the estate planning process. Regardless of how complex your estate plan is, we will work with you to implement a quality plan that fits your unique circumstances. Involving Dodds Wealth in your financial and estate planning can help simplify the process in many ways.
Assistance in finding a qualified estate attorney
Preparation of your net worth statement, which is needed by your estate attorney when developing your plan
Implementation of your estate plan through the updating of account titles and beneficiaries
Dodds Wealth is pleased to provide simplified estate planning services for our Denver based clients. We find that many people overestimate the amount of time it takes to hire an attorney and develop a complete plan. We are aware of the many accepted forms that estate plans can take and that in many situations, the solutions are as simple as a Transfer on Death (TOD) designation on your accounts. For more information about how Dodds Wealth can help you protect your assets and your beneficiaries, contact us and a member of our team will reach out to you soon.
Contact our Estate Planning Team in Denver
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*AARP: Haven’t done a will yet?, 2/24/17