Young, Single, and No Estate Plan

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A new job, a college degree and a new apartment. You’re out on your own for the first time and excited about the prospects for your future. The furthest thing from your mind is an estate plan of any type. After all, you’re single, young and don’t have any children; why should you worry about estate planning? Isn’t that for the middle-aged and elderly?

While it’s true that you probably don’t need to set up trusts, you should consult an attorney and draw up a Power of Attorney, a Will, and a Living Will.

Should something happen, you become incapacitated and unable to make decisions for yourself, you’ll need a representative to speak for you. Without a healthcare Power of Attorney, wherein you designate your representative, the court will appoint the representative for you. This person may know nothing about you, your wishes or your life. You also need a Living Will should you not desire to have artificial means used to keep you alive.

Lastly, you’ll need a Will. Without a Will, the courts will liquidate your estate by selling off your property and dividing the proceeds among your next of kin. The court will not take into account the fact that some of your possessions may be precious family heirlooms that should remain in the family. Unless you have a Will that specifically passes items to heirs, your family may lose important pieces of the family history.

One other piece of paper you may wish to consider is an informal letter which sets out your wishes for your funeral. These instructions should not be part of your Will because they are needed before your estate is opened. There is no formal language that you need to be concerned about. Just state very simply and plainly how and where you would like to be buried.

If you are or your child (now adult) is going off to college, the three most essential documents to have in place are:

Power of Attorney
5 Wishes
HIPAA

If you don’t or your college aged child doesn’t have these documents in place, contact our office today and set up an appointment to discuss your needs for your early estate planning! Contact us by email or call us at 303-736-6060 or at 719-520-1474.

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Our Practice Areas in Colorado Springs and Denver

At Hammond Law Group, we focus on helping Colorado families build strong, forward-looking estate plans that protect assets and preserve family harmony.

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Getting Started Has Never Been Easier — Attend a Workshop or Webinar

At Hammond Law Group, we believe that the foundation of good estate planning lies in knowledge and understanding. Our approach starts with education. Join our highly informative workshop on wills, trusts, estate planning, and more, where we provide you with comprehensive information to get you started in designing your personalized plan.

By attending our workshop or webinar, you not only … exclusive offer of a complimentary consultation with an experienced attorney
(a $500-750 value).

Our workshops fill up quickly so reserve your seat today.

Attend a Public Workshop

Your Experienced Estate Planning & Elder Law Advisors

We have a team-centered approach. While each client’s family works with one attorney, our attorneys regularly discuss the design of our plans with each other in order to ensure we’re doing everything possible to help you meet your goals.

In addition, each client works primarily with one paralegal, who gets to know you and your estate plan intimately through the design and
implementation process. The biggest complaint people have about
lawyers is lack of communication, and by working as a team we have
virtually eliminated this complaint for our clients.

Learn more about our family and then let us learn more about yours.

Meet Hammond Law Group Team

At Hammond Law Group, our estate planning attorneys work together to create meaningful, lasting estate plans for Colorado families. Each member of our team shares a commitment to personal connection, clear communication, and compassionate service.