| MICHAEL A. ROBINSON, P.C. Attorney and Counselor at Law Serving Douglas County Since 1989 900 W. Castleton Road, Suite 135 Castle Rock, Colorado 80109 303-688-0944 |
| May, 2008 |
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Wills and Estate
Planning - Will Preparation Download Estate Planning Questionnaire / Download Helpful Pamphlets / Just for Fun - A Very Old Will Wills / Living Wills / Durable Power of Attorney / Durable Health Care Power of Attorney / Living Trusts What Kind of Will Documents Do You Need? Maybe you're not sure if you need a simple will, a complex will, a trust, something to protect your finances, something to protect your person, or where most people start making plans... to protect your children? In order to answer questions like these and get you started to making the plans you need, it's important for you to know where you are in life, which would be in one of the following stages: 1. Single, no kids. A single person especially needs to designate people to take care of his/her person, pets, and personal effects. 2. Single, with kids. A single parent caring for minor children has an especially difficult job. You will, among other things, need to appoint a Guardian for children 3. Young married, first baby. This is when a young couple's focus has shifted from their own growth and pleasure to the care and protection of an innocent child. 4. Married, more kids, more income. This is the situation where we get people who are a little older and who now have an established nuclear family. 5. Divorce. Divorce has rearranged the thoughts and dreams of both parties. 6. Empty Nesters. This is the time when the married couple has to think about their future without dependent children and also to assert their own goals and philosophy of life. 7. Married, kid marries "bum". We get people who come in with this problem and we have been quite successful in shaping testamentary trusts to avoid estate funds falling into the wrong hands. 8. Special Needs Child. A child who is your dependent for life is what we call a special needs child. This situation usually is helped by a trust on behalf of the child. 9. Problem Child. You raised all your kids the same and all but one turned out great. This happens so often and leads parents to wonder what they did wrong. Of course. parents can't trust money to a "ne'r do well" child, but it is possible to create estate planning documents to tailor fit this situation. 10. Doc gives you the "long face". You're never too late to make your living will. Issues such as living wills and medical powers of attorney become a dominant issue. 11. Widowed. When a spouse dies, the surviving spouse has wholly new issues to face. 12. Unmarried Couples. It is possible to craft a combination of estate documents, real estate documents, and corporate documents to handle this special needs group. 13. You're "rich" and don't know it. The IRS taxes estates whose value exceeds their exemption level. In about three and a half years, this exemption level will drop to $1,000,000. The problem is that life insurance is part of this million dollar exemption. The tax rate then will be 55%. In other words, most of your estate will go to Washington DC and not to your family. |
| Who are we at
Michael A. Robinson, P.C.? Our Douglas County, Colorado law office has had its doors open since 1989, with a general practice serving your needs in the following communities: Castle Rock, Castle Pines, Lone Tree, Littleton, Elizabeth, Highlands Ranch, Larkspur, Sedalia, and Louviers, Douglas County, Arapahoe County, Elbert County, El Paso County and Jefferson County. |
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