About Estate Planning
Estate planning doesn't have to be overwhelming. At Light Law, we guide you through every step, clearly and at your pace. Get familiar with the benefits, terminology and download our free checklist to help you get started.
When to Create an Estate Plan?
Estate planning or will and trusts can be created at any time by an adult. Most of our clients create a plan upon marriage, having a child(ren) or as life circumstances change. In addition, those who own a business or buy property. At Light Law, we listen to our clients and guide them according to their situation.
Marriage or Family Building
Ensure your precious child(ren) are taken care of in case of the unthinkable.
Buying Property or Starting a Business
Protect your hard-earned assets and legacy with a properly setup estate plan.
Health or Medical Changes
When you are facing medical or health issues, be sure to create or update your estate plan, including medical power of attorney.
Benefits of Estate Planning
Now that you know when the best time is to create or update an estate plan, it’s good to know why these services are necessary and beneficial to you and your loved ones.
Protect your minor children during an unthinkable time
Inventory and organize all your assets while you still can
Avoid costly and emotionally draining probate court that can often lead to family conflict
Control your asset distribution, especially to minors
Everyone knows their role and your wishes
Remove the burden of administrative stress on your family
You know your legacy is secure
Ready to make your estate plan?
Schedule a free consultation.
Estate Planning Terminology
Will:
Last Will and Testament outlines how your assets should be distributed when you pass
away. It also allows you to:
Name guardians for your minor children
Appoint a personal representative (executor)
Direct how personal items and sentimental belongings should be handled
Without a will, Colorado law decides who receives your assets. The process often becomes far more costly and stressful for your family.
Living Will (Advance Healthcare Directive) outlines your preferences regarding life-sustaining treatment if you are facing a terminal or irreversible condition. It helps your family:
Understand your wishes
Avoid stressful guesswork
Ensure medical decisions reflect your values
For many families, this document offers clarity and peace during difficult medical situations.
Probate:
Court-supervised process of authenticating the will and settling the estate that only takes place after death. Without legal documents like a will or trust, the process can take months or years to settle.
Executor:
The person you appoint to manage your estate, pay debts, and distribute assets.
Trust:
Specifically a Revocable Living Trust is a legal arrangement that help families:
Avoid probate
Keep assets private
Manage assets for minor or young adult children
Plan for incapacity
Provide long-term protection for blended families or special circumstances
Many Colorado families choose a Trust as the core of their estate plan because it keeps the process far smoother for loved ones.It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
Beneficiary:
The person or person(s) who will receive your property.
Assets:
Referred to as the specific information on your bank accounts, real estate, personal belongings and any digital assets (crypto).
Power of Attorney:
A Durable Financial Power of Attorney allows you to name someone you trust to manage financial matters if you become incapacitated, including:
Paying bills
Managing accounts
Filing taxes
Handling business interests
Making financial decisions on your behalf
Without this document, your family may need to pursue an expensive and time-consuming court guardianship.
Medical Power of Attorney: Names the person who will make healthcare decisions if you cannot speak for yourself. They can:
Work with doctors
Approve or decline treatments
Access medical records
Advocate for your best interests
Choosing a trusted healthcare agent is one of the most important decisions in any estate plan.
Download our free estate planning for what you need to know and what information you’ll need to get started.
“Leona was so kind and organized and helping us figure out what we needed to protect our family and our assets. We have young children and a blended family so we needed to make sure everything was structured correctly. She was efficient and affordable. I can't put a price on the Peace of mind. I would recommend her to everyone!”— A Floyd
