Creating a will is one of the most important steps in your estate plan, yet many Colorado Springs residents make critical mistakes that can undermine their intentions. To ensure your wishes are honored and your loved ones are protected, you should avoid these five common pitfalls:

1. Not Making a Will at All

Many people delay creating a will, thinking they do not have enough assets or that it is too soon to worry about.  Without a valid will, Colorado intestacy laws decide how your assets are distributed—often in ways that do not reflect your preferences and/or with unintended consequences (i.e. going through a drawn out probate, or requiring conservatorship for minor beneficiaries). Learn more about wills in Colorado Springs.

2. Using Online Templates Without Legal Guidance

DIY wills may seem convenient, but they often leave out key provisions required by Colorado law. Small errors in language or especially execution (i.e. signing, witnessing, notarizing) can invalidate the document or cause confusion later.

3. Forgetting to Update Your Will

Life changes fast—marriage, divorce, the birth of a child, or a change in financial status can all affect your estate plan. An outdated will may not reflect your current wishes and could lead to conflict among beneficiaries.

4. Overlooking Guardianship Designations

If you have minor children, your will should clearly state who you wish to act as their legal guardian. Without this, the court will decide who cares for your children, which may not align with your intentions.

5. Not Communicating Your Wishes

Your will is only effective if your family knows it exists and where to find it. Store it in a secure place, and inform your personal representative and loved ones of its location and contents.

If you avoid these mistakes, you can have peace of mind knowing your family is protected and your assets will be transferred when and to whom you want.  The Law Office of Kevin R. Hancock is here to help you with any and all estate planning needs!