Carolyn Moller Duncan, P.C. is a law firm based out of Littleton, Colorado. Over the years our estate planning attorney, Carolyn Duncan, has too often seen individuals who have not planned for illness, injury, or accidents.
Unfortunately, these things do happen and if you do not have your estate prepared then it will be difficult for your loved ones to handle your affairs.
An estate plan will detail your wishes, so that your loved ones have clear guidance in regards to handling your estate. A basic estate plan includes:
•Will or trust
•Durable medical power of attorney
•Durable financial power of attorney
When you have a detailed estate plan your family won't have to resort to the conservatorship process.
However, if for whatever reason you do not have an established estate plan and something happens to you then your estate will be appointed a conservator. A conservator is a person appointed by the court to make financial decisions and manage your estate.
Generally, conservatorships are established for those who are:
•Suffering from diseases such as dementia or Alzheimer's
It is important to note that conservatorships are both time consuming and expensive as they require court hearings and ongoing assistance from an attorney. The knowledgeable estate planning attorney at Carolyn Moller Duncan, P.C. have the experience to help you or your family no matter what stage you find yourself in with regards to planning your estate. Contact our Littleton, Colorado office today to schedule an initial consultation with Carolyn and Bill Duncan.