At Heller Law Office In Phoenix, We Can Prepare A Comprehensive Estate Plan For You Or A Loved One
Estate planning is a process that involves creating plan to handle your financial assets and health care decisions if you become disabled or upon your death. It should provide a plan and instructions for how you would like your finances to be handled, how and by whom your personal care will be managed and who will make your healthcare decisions if you are unable to care for yourself.
It should also provide who is to receive your assets after your death, how the assets will be distributed. A good estate plan will also have considered provisions for the care and support of minor children in the event of your disability or death.
However, estate planning is much more than who shall receive assets upon death or a set of documents that you sign and put away. Just as no two situations are the same, no two estate plans are identical. One of the key components to building your individual plan is your instructions and desires. The legacy you wish to leave may include the business you are building, or the book you have written or a grandparent’s jewelry or beliefs and values that you wish to pass along to future generations.
Scottsdale And Glendale Will And Trust Attorney
A typical estate plan may include:
- Will or Pour Over Will
- Durable [Financial] Powers of Attorney
- Healthcare [Medical] Powers of Attorney
- Living Will
- HIPAA Authorizations
- Special provisions for minor children
If you live in the Scottsdale, Tempe or Phoenix areas and are looking for affordable estate planning options, call 602-453-4200 or contact Scottsdale will and trust lawyer Donna Heller today to discuss your specific needs and goals.
Who Needs Estate Planning?
Virtually everyone needs some form of estate planning, whether you are married, single, divorced, widowed, in a partnership relationship, have children, or are part of a blended family. There are many details to address, and there is no minimum estate required.
Although typically thought of as a providing for the next generation or charity after death, estate planning is much more. Estate planning should include strategies to protect and provide for you and/or any minor children and set forth how assets will be managed for you during your life if you are disabled or unable to manage your affairs. A well- designed estate plan can keep control back in your hands over important decisions such as who inherits and when.
Whether your estate is small or large a well thought-out estate plan is necessary to give you peace of mind and to provide for your loved ones.
Arizona Estate Planning
If you fail to plan ahead, the State laws will control and your loved ones may be subjected to a costly, public and time-consuming probate processes. If both parents of minor children are deceased the Court will need to step in to decide who should raise your children.
The reason so many people in Arizona have incorporated a living trust into their estate planning is not because they are wealthy, but because they are seeking to avoid potential adverse options, keep their personal information as private as possible, and minimize taxes for their loved ones. Also, without a plan to the contrary, if your children are entitled to receive assets they will be entitled to the entire amount at age 18, regardless of the size of the inheritance or their ability to manage money.
Also, without a plan in place, should you become disabled and cannot manage your finances the Court will need to appoint a Conservator to handle them, at your expense.
Phoenix And Scottsale Estate Planning Lawyer
We take a highly personal approach to estate planning; this is more than a one size fits all method. We take the time to gain a thorough understanding of your goals and concerns and work with you to understand the options available so that your documents are drafted to reflect your preferences and desires.
When you need an Arizona estate planning attorney or will or trust lawyer or mediator, please call 602-453-4200 or contact Heller Law Office, PLC online for more help.
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