Greenwood Village Estate Planning Attorney

Top Rated Estate Planning Attorney in Greenwood Village, CO

Estate Planning can seem like a formidable undertaking. Actually, anything involving attorneys can seem hard and not worth the trouble of taking on. As a trusted Greenwood Village Estate Planning Attorney, The Limbaugh Law Firm understands your hesitations, and we have a system to help you take charge of the decision-making process.

These days, finding information about estate planning is easy enough, but figuring out a plan that supports your unique goals within the structures of state and federal laws is not something you should trust to AI. Our estate planning attorney will guide you through the process by eliminating confusion and helping you understand what is important to achieve your goals. We tailor our documents to meet your unique needs while ensuring they will withstand any court scrutiny. 

Your Greenwood Village Estate Planning Attorney at The Limbaugh Law Firm 

The Limbaugh Law Firm is a family-owned firm whose passion is educating and empowering our clients. We have spent more than 25 years helping individuals and families in the Denver Metro area, including Greenwood Village, with their estate planning needs. We take time to listen to your story and work with you to design a plan that supports your goals for you and your loved ones. We will guide you through each step of the planning process, answer your questions, and provide practical solutions for your specific situation. 

Oren “Von” Limbaugh holds a JD and LLM degrees; this gives him a competitive edge over his peers. He has focused his law practice on estate planning and probate, and is comfortable navigating local probate courts like Arapahoe District Court, located at Arapahoe County Justice Center, 7325 S. Potomac Street, Centennial, CO 80112, and he is happy to share his knowledge and experience with you. His advanced tax degree allows him to evaluate your assets and goals with the expertise of a tax planner. He uses his experience to evaluate all estates, big or small. 

What is an Estate Plan and why do I need one? 

An estate plan is a tool to help you plan for unexpected or inevitable events in life. You probably have some form of insurance to protect you or your family from the effects of unplanned situations. Estate planning does something similar, but with words, to ensure your wishes are known and followed in case of an emergency. Simply put, your estate plan is your voice, expressing your wishes through a set of documents.  

A thoughtful estate plan can help your family streamline probate or avoid probate altogether. The median household income in Greenwood Village is nearly $145,800, much higher than the statewide median of over $97,100. Families and married-couple families have a median income of between nearly $225,700 and $228,700. Oren “Von” Limbaugh can guide your planning to protect these assets for your loved ones and preserve your estate. 

When should I get an Estate Plan? 

Creating an estate plan sooner rather than later is crucial. Unfortunately, unexpected emergencies can happen at any time, but an estate plan can protect you. If you are a homeowner, you need an estate plan to name a person who can manage your finances in an unforeseen emergency where you are unable to handle them yourself. If you drive a car or ski, you need an estate plan to name a person to make medical decisions if you are in an accident and unable to do so yourself. An estate plan allows you to voice your wishes regarding medical and financial decisions, and the management and distribution of your assets. 

Over 20% of the population in Greenwood Village is 65 years or older. While it is important to create an estate plan at any age, it is especially critical as you reach retirement age. Oren “Von” Limbaugh’s LLM in tax, gives him the expertise and experience to evaluate your assets. He understands the complexities of retirement planning and protecting your assets from Medicaid claw-backs.  

What is a Greenwood Village Estate Plan? 

Our estate plans are completely customizable, allowing you to include whatever documents support your financial and personal goals. Oren “Von” Limbaugh recommends everyone have these five basic documents: 

1. Medical Durable Power of Attorney (MPOA) – This document allows you to choose someone to make medical decisions for you. A durable MPOA comes into effect if you are incapacitated. Incapacitation can occur from illnesses or accidents.  

If you don’t have an MPOA and you are incapacitated in a car accident, for example, the Court will choose someone for you who might not have the same values or beliefs you do. Establishing an MPOA lets you choose who is in control of these sensitive decisions.  

2. HIPAA Authorization – This lets you authorize specific individuals to receive healthcare information on your behalf. Without a HIPAA (Health Insurance Portability and Accountability Act) authorization, medical providers, insurance companies, and other healthcare entities generally cannot disclose this information to people other than you. 

3. Living Will (a/k/a Advanced Directives) – This document specifies what kind of treatment you want (or do not want) if you have a terminal condition, or if you need a life-sustaining procedure. 

4. General Durable Power of Attorney (GPOA) – This document allows you to choose someone to make financial decisions, like paying bills, opening and closing bank accounts, etc. A durable GPOA comes into effect if you are incapacitated. Incapacitation can occur from illnesses or accidents.  

If you don’t have a GPOA and you are incapacitated in a car accident, for example, the Court will choose someone for you who might not have the same values or beliefs you do. Establishing a GPOA lets you choose who is in control of these sensitive decisions. You may make the same person or different people your MPOA and GPOA. 

5. Last Will and Testament – This document allows you to choose someone to oversee the distribution of your estate when you pass, and it lists the beneficiaries in that distribution. A will can also name guardians for minor children and mitigate certain tax consequences.  

In 2020, one survey found that only 46% of U.S. adults had a will. Not having a will can make things more difficult for your family in an already difficult time. When a person dies intestate (without a will), the court decides how the person’s assets are distributed based on state laws. This is an impersonal process and does not consider the uniqueness of your family’s situation. 

These five documents provide the planning and support most people need to manage their estates. You might benefit from the more comprehensive planning that a Trust document can provide. 

How can The Limbaugh Law Firm help me get started? 

The Limbaugh Law Firm has thoroughly examined every aspect of the estate planning process to deliver the best experience for our clients. We have a straight-forward process to make estate planning as easy as possible. Oren “Von” Limbaugh designed a questionnaire to help you start thinking about the things that he thinks about when designing your documents. After you complete the questionnaire, we will schedule your initial consultation. We do not charge for consultations because we value the opportunity to get to know our clients and understand their needs. We also understand that your time is valuable, so we offer either in-person or virtual consultations.  

How much does it cost? 

We have fixed prices for our most popular documents. The Limbaugh Law Firm wants to take the fear factor of the “unknown” out of the Estate Planning Process. Our document prices are more than what you would pay for an online Power of Attorney, for example, but within the average rate in the Denver-Metro area. Please visit our “Pricing” page for more information. 

Reach Out to The Limbaugh Law Firm, Today 

At our firm, we ensure upfront pricing and provide free consultations. That way, you can clearly understand what you’re getting. Reach out to The Limbaugh Law Firm in Greenwood Village today to get peace and reassurance about your future.