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Estate Planning with Gaddis, Kin & Herd, P.C.
Going on four decades, Gaddis, Kin & Herd, P.C. has assisted individuals and couples in planning their estates. Since a variety of options is available when it comes to estate planning, it is vital that clients understand what choices and alternatives they have. Larry R. Gaddis, Esq., is an expert in the estate planning field and clients have greatly profited from his expertise in deciding what works best in their particular situation.
Estate Plan
An estate plan are the tools set in place to distribute or manage your property in the event of your incapacity or death, marriage or divorce. These tools include a will, trust, durable powers of attorney for finances and for health care, living will, life insurance, assignment of survivorship rights, prenuptial and postnuptial agreements, burial instructions, anatomical gift forms, and other legal documents, such as beneficiary deeds.
Wills
A will is a legal document that designates where your assets should go after your death and who should serve as executor or personal representative to settle your estate. It also governs who should take care of minor children. Without a will, the laws of the state will govern where your assets go and who should serve as your personal representative.
Trusts
A trust is a three party arrangement whereby you, the "grantor," transfer property to a "trustee," who will hold and manage the property for the "beneficiary." You could be all three parties, but there are a number of different constellations possible. There are also a number of different kinds of trusts you can choose from. While often advantageous, trusts are not always the best legal option to deal with an estate. There are a number of factors such as types of investments, personal circumstances, and goals you want to achieve, that influence the decision whether to establish a trust and what kind. That's why expert counsel is so vital in this area. If a trust is appropriate for you, we draft the trust and give you detailed guidance in how the trust should be administered. We will spend a great deal of time with you making sure you understand how the trust administration should be carried out and are available long after the trust was set up should you have questions concerning the trust.
Complex Estate Planning
After a lifetime of building assets, ensuring an estate is in order is time well spent. If you fall under the category of our clients whose estate has complex finances and whose assets go in the millions, your estate plan may involve a multifaceted and intricate strategy tailored to your individual situation. Asset protection, succession planning, tax minimization, and pension planning, are just some of the areas that factor into successful planning for a complex estate.
Over the years thousands of satisfied clients have referred family members and friends to Gaddis, Kin & Herd, P.C. because they trust our expertise in estate planning. We are certain you will be pleased with our services as well.
Your initial consultation is free and we welcome you to call our office at
719.471.3848 to schedule a meeting.
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News
The personal injury lawyers at Gaddis, Kin & Herd, P.C., of Colorado Springs Colorado, recently won a substantial jury verdict in an auto accident case.
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Areas of Practice
