Colorado winters can be unpredictable, but one thing you can count on is the need to plan ahead. Just like you wouldn’t head out for a ski day or a hike without checking the weather or prepping your gear, you shouldn’t go into a new year without ensuring your estate plan is ready for whatever life throws your way.
At Skipton Law, we encourage our clients to use the end of the year as a time to review and update their estate plans. Life changes quickly—maybe you welcomed a new grandchild, sold a property, or decided it’s time to pass the family ranch down to the next generation. Taking stock of these changes now can help you step into the new year with clarity and confidence.
One of our clients, Greg, came to us last December after retiring from his long-time job in Boulder. Greg thought all he needed was a simple will, but after we talked, he realized a trust would help ensure his children wouldn’t face unnecessary taxes or legal hurdles. He also updated his healthcare directives to ensure his preferences would be honored if he ever needed medical care.
Here’s how you can prepare your estate plan for the new year:
Review Your Core Documents:
Make sure your will, trusts, and powers of attorney reflect your current wishes.Check Beneficiary Designations:
Verify that your retirement accounts and life insurance policies align with your estate plan.Consider Year-End Tax Strategies:
Explore opportunities like charitable contributions or gifting to reduce your tax liability while making a meaningful impact.
Special Year-End Offer:
Book a call before December 31st to start your planning and get included in our Compass Club for 2025—FREE!
Membership includes updated powers of attorney, a free annual update to your estate plan, a free funding review, access to Compass Club events, 24/7 portal access, and VIP access to funding and attorney support.