(303) 339-3750 Online Bill Pay

Brown Law Blogs


5 Reasons You Need to Make a Will

Making a will is one of those tasks that people tend to postpone. It is easy to think that estate planning can wait until later, especially when you are young or in good health. However, life is full of surprises, so having a will in place is important for everyone, regardless of age or current circumstances. Here are 5 reasons you need to make a will now:

  1. You Control Disposition of Your Assets A will allows you to specify how your assets should be distributed after your death. Without a will, state law will determine how your property is distributed, which may not align with your relationships or wishes. Making a will ensures that your belongings, investments, real estate and personal items go to the people or charitable organizations you choose.
  2. You Protect Your Family If you have dependents, such as minor children or elderly parents, a will allows you to appoint a guardian or custodian who will care for them in your absence. This ensures that your loved ones are taken care of according to your wishes, rather than leaving it up to the courts to decide.
  3. It Minimizes Disputes Clear instructions in your will can help minimize potential conflicts among family members after your death. By outlining your wishes regarding inheritance, you reduce the likelihood of disagreements or legal battles over your estate because your wishes or intentions are not up for individual interpretation. 
  4. It Lessens the Burden on Your Loved Ones In your will, you can appoint a personal representative who becomes the person responsible for carrying out the instructions in your will, managing your estate and handling administrative tasks such as paying off debts and distributing assets. Choosing someone you trust can streamline the probate process and ensure your wishes are fulfilled efficiently. At an especially difficult time for your loved ones, having the administrative tasks handled can ease their burden. A well-crafted will can also include provisions for tax planning, potentially minimizing estate taxes and maximizing the amount passed on to your beneficiaries. 
  5. Peace of Mind Having a will provides peace of mind knowing that you have taken steps to protect your loved ones and your assets. It allows you to plan for the unexpected and ensures that your wishes are respected after your passing, no matter when that is. 

If you would like to create an estate plan in Colorado, please contact the attorneys at Brown Law Firm to start the process.