Estate Planning & Wealth Transfer Planning

      The lawyers and paralegals at Toussaint & Coaty have worked with generations of clients planning their estates. Estate planning is just that, planning in advance the distribution of your wealth, real estate and assets for the well-being of your family and loved ones. Unprepared events can consume assets accumulated over a lifetime of work. We are an experienced legal team that understands the laws of governing gifts, estates and trusts. We understand that estate planning is highly personal. Our goal is to listen to our clients in order to develop an estate plan that meets their goals.

The following are some of the planning devices that can be used:

  • Wills: A Will serves as instructions as to how an individual wants to have his property distributed at death. Our attorneys give personal service in preparing Wills and advise clients to keep them up to date as circumstances and the law changes. The original will is filed with the Probate Court.
  • Living Trusts: A trust is a legal arrangement that allows the holding of property by a trustee for the benefit of another person or for yourself. By maintaining assets in a trust, you may be able to minimize taxes and leave a larger inheritance. You may also be able to avoid probate. Living Trusts often accompany a will and are generally revocable.
  • Irrevocable Trusts: These trusts are often used to accomplish a specific objective and may be used to acquire and hold life insurance.
  • Family Limited Partnerships or Family LLCs: It may be appropriate to organize an entity to transfer assets. A Partnership, corporation or LLC can serve to meet the needs of the family.
  • Living Wills and Medical Powers of Attorney: It is important to be organized and prepared in the event you are incapacitated. With living wills and advance healthcare directives, you make the choices regarding medical care for all known situations. We will help you designate one or more individuals to make decisions should the circumstance arise.
  • Pre-Marital and Post-Marital Agreements: It is often necessary to consider the transfer of assets prior to or during a marriage. We can help with these arrangements.
  • Business and Succession Planning: Every business owner needs a plan to allow the continuation of the enterprise after retirement or death. These plans can be simple or complex depending on the needs of the client. These may include Sales and Mergers or other transfers.

      For additional information, please contact Toussaint & Coaty, P.C. in Evergreen, Colorado.