Without a last will and testament, state intestacy laws will determine how your assets are distributed, which may not be in accordance with your wishes.Ī last will and testament can also be used to name a guardian for your minor children. This document allows you to specify how you would like your assets to be distributed after your death. When it comes to estate planning, a last will and testament is one of the most important documents you can have. The law may not coincide with the wishes of a person who wants to dispose of his property differently after death. Meanwhile, the spouse must divide the property between the parents and the descendants of the deceased. The rights to the deceased’s property pass to the spouse, and if the spouse is not alive, the descendants get it. The laws of Colorado strictly define the rules of inheritance of a person’s property after their death. Benefits of Having a Last Will and Testament in Colorado Therefore, it is important to ensure that your document meets all of the requirements before you have it notarized. If you do not meet these requirements, your last will and testament will not be considered valid in the state of Colorado. The witnesses (or a notary public) must also sign the document.The document must be signed by two witnesses (with them having signed the will within a reasonable time after they witnessed the testator’s signing of the document) or by a notary public or another individual authorized by law.The document must be signed by the testator (the person who is making the will).In order for your last will and testament to be valid in the state of Colorado, it must meet the following requirements: The local law also allows citizens to assign responsibility for a pet, if necessary (the period of care is up to 21 years). In Colorado, using this form, a testator can appoint a certain person(s) to fulfill their will, divide movable and immovable property between them, and appoint a guardian for minor children. If a person wants to establish their rules for the inheritance of property and rights after their death, they need to use a Last Will. Legal Requirements for Last Wills in Colorado Therefore, it is important to have a valid last will and testament in place to protect your loved ones and your assets. If you die without a last will and testament, your assets will be distributed according to Colorado law, which may not be in accordance with your wishes. This document allows you to appoint a personal representative who will carry out your final wishes according to the instructions you have provided. When the decedent has minor children, the Last Will and Testament might also be used to indicate someone they want to take care of their children and who they wish to manage their children’s inheritance and funds until eventually each child becomes an adult (typically 18, but it is possible to designate a different age) to handle their finances by themselves.Ī Colorado last will and testament is an essential document for all those who wish to ensure that their assets and loved ones are taken care of after their death. After they die, they may also be called the decedent. The one who leaves a last will is known as testator. Free Colorado Last Will and Testament | Create a CO WillĪ Colorado Last Will and Testament is a crucial instrument that specifies the way your assets or estate will be divided when you perish.
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