If you live near Colorado Springs or Denver and are thinking about making a last will and testament, you probably have a number of questions. Most people don’t have much exposure to wills and the laws that govern them, so it’s natural to want to know more. Here are some questions about wills in Colorado that many people have.
When can I make my will?
As long as you are at least 18 years old and are of sound mind you can make a last will and testament in Colorado. You don’t need to ask anyone’s permission or have the document approved by government officials. All you have to do is be able to make choices about the property you own and who will inherit it after you die.
Once I make my will, will it expire later?
As long as you made the will when you are capable, and as long as the document complies with all Colorado requirements about what has to be in the will, your will lasts for as long as you want it to. There is no time limit associated with wills, so even if you made one 60 years ago, it is still valid today.
Should I change my will?
Depending on your circumstances you will probably want or need to change your will at some point. Major life events, such as divorces, the death of a child, and other significant events, will affect how a court interprets your will. If you don’t make changes after important events it may cause some legal difficulty down the road.
You can learn a lot more about wills at our next wills and living trusts legacy wealth planning seminar on November 9th in Colorado Springs, Colorado. It will be at the Phyllis A. Hammond Educational Center. Space is limited, so contact our office at 719-520-1474 for registration details.