Last Will vs. Living Will
Unlike the last will, the living will provides instructions and guidance for those who are left to watch after you if you become unable to do so yourself. It can include things like your medical care, your property, and more, even allowing someone to step in if you are incapable or unable for any reason.
Do I Need a Last Will and Testament?
Colorado does not require that anyone who dies has a will. However, you might want to consider creating one, ensuring that your life’s earnings are protected. A will is useful for many things, giving the testator liberty and security when thinking about the future. Testators can elect those who will take care of their belongings or choose to use their financial earnings to support any one of their choosing.
One of the most important things to consider when filling out a will is an executor who will take care of your business when the time comes. You will have only ten days for someone to file for your will for it to be valid. The person you choose as executor should be responsible and get things rolling quickly, even if there are any mishaps.