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Last Will and Testament Template - Colorado
A Colorado Last Will and Testament is an important tool for any individual who wants to control how their assets will be distributed after they pass away. When writing a will, the individual - also referred to as the Testator - can leave important instructions regarding inheritance, guardianship over children and pets, charitable donations and the distribution of valuables and family heirlooms.
The Last Will, available for download below, is a must if the individual has specific beneficiaries in mind and does not want their property to go to the state, has no living relatives or has minor children that will need to be taken care of in the event of the Testator's death.
The Colorado Last Will is defined by § 15-10-201(59) and regulated by the CRS Title 15 (Probate, Trusts, and Fiduciaries) . The will can either be signed before a notary public or by an individual authorized by law, or by at least two individuals, each of whom signed within a reasonable time after he or she witnessed the Testator's signing of the will. Click this link to create your own form with our customizable template.
What Is a Last Will and Testament in Colorado?
The Last Will and Testament is a legally binding document created in order to enforce the Testator's wishes on how their estate should be distributed upon their death. The document addresses the distribution of personal property, real estate, and assets to individuals - like family or friends - and organizations - like charities or businesses.
The completed form must be thoroughly reviewed to make sure that all wishes are accurately reflected. The finished document must be signed and dated by the Testator in front of witnesses and certified by a notary. Testators must research the laws in their states or contact an attorney to revoke or change an existing will.
A final will and testament may be distributed among the beneficiaries by a chosen representative or executor at the wishes of the Testator.
How to Write a Last Will and Testament in Colorado?
Every Testator is eligible to choose what to include in their will. However, several important topics are universally recommended for the Last Will and Testament template.
The Testator has to take the following steps when creating their will:
- Decide what property to include in a will. List significant assets and choose the ones that are to be distributed.
- Decide who will inherit the aforementioned property. Alternate (contingent) beneficiaries must be mentioned in case the first choices do not survive the Testator.
- Choose an executor to handle the estate. The Executor must be a person who is willing to carry out the terms of the will.
- Choose a guardian for children and a caregiver for pets. This guardian must be willing to manage the children's property if the property is left to underage children or young adults.
- Sign the will in front of witnesses. The Testator's signature must be notarized as well.
- Store the will safely. The Testator must instruct their Executor on how to get access to the will when the time comes.
Download Last Will and Testament Template - Colorado
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