Arizona Estate Planning
Our Scottsdale Arizona estate planning attorneys at Horizon Law Group, PC believe it’s never too early to start preparing for the future, even if it requires putting plans in place to deal with situations that are unsettling, such as an unexpected health crisis or death.
For this reason, we offer a free initial consultation about your Arizona estate plan. As difficult as it may be to confront the idea of your own mortality or the possibility of becoming incapacitated, it’s important to start building a safety net now to preserve your legacy and protect your family.
Estate Planning enables you to create a roadmap for your future. This provides clear direction on how you want your affairs handled while you are still living, as well as after you are gone. The benefits of developing an estate plan with one of our Scottsdale Arizona estate planning attorneys are far-reaching.
You can state your intentions for dividing your assets among chosen beneficiaries; designate someone you trust to manage your financial and medical affairs if you are rendered physically or mentally incapable of doing so yourself; appoint a guardian for your minor children; and more.
Contrary to popular belief, estate planning in Arizona is not just reserved for the rich and the elderly. The truth is, everyone should have an estate plan. Regardless of your wealth, age, health, marriage or parental status, estate planning is fundamentally necessary to safeguard your future. Let our Scottsdale Arizona estate planning attorneys protect your future.
Failure to participate in advance planning can make a bad situation far worse. For instance, if you died tomorrow without a will or trust, your estate would be subject to division according to Arizona’s laws of intestate succession. This means that the hard-earned assets you accumulated over a lifetime may not go to the beneficiaries you would have preferred.
Without leaving clear instructions, your family and friends are left with many questions left unanswered, which could result in a bitter court battle over your estate.
Scottsdale Arizona Family Trust Attorneys
Some people believe they need to create a family trust in Arizona as a part of their estate plan. A family trust entails the creation of an “entity”; namely the trust. You then title your assets into the trust. It is imperative that you also check your beneficiary designations on financial accounts, insurance policies and the like as those assets will pass around the trust and will not be subject to the provisions of the trust.
In many cases, you do not need to create a family trust and you should not incur the cost of creating a family trust. Your estate planning attorney should be able to analyze your particular situation to determine whether you need a family trust created.
Scottsdale Arizona Last Will and Testament Attorneys
Every estate plan will contain a Last Will and Testament in Arizona detailing your wishes regarding the payment of your debts and the distribution of your assets, among other things. You may also address issues concerning guardianship of your children, as well as name an administrator of your estate.
In many cases, a long probate of your estate can be avoided with a properly drafted will by using what is referred to as informal probate in Arizona. You can change the terms of your will at any time.
Scottsdale Arizona Living Will With Advanced Medical Directives Attorneys
Your estate plan will also include your Living Will with Advanced Medical Directives, as well as medical powers of attorney, mental health powers of attorney, and required HIPPA releases. These documents control what type of medical care you authorize in the event you are unable to make those decisions.
It is impossible to envision everything that could happen to you, but you can detail what you want to occur in the event you are incapacitated. You also designate who gets to make other medical decisions for you. Without these documents, your family will have to go to court to obtain court orders to deal with the decision making process.
Smart Thoughtful Estate Planning for Families in Scottsdale Arizona
Many families in Scottsdale, Arizona, and the surrounding areas have placed their trust in our law firm as their Scottsdale Arizona estate planning attorneys to help them achieve their estate planning goals. Our skilled Scottsdale Arizona estate planning attorneys offer a knowledge and expertise. They always act with professionalism, integrity, and compassion in their interactions with clients.
We understand that every family is unique, which is why we take the time to learn about your life story and listen carefully to your hopes, concerns, and challenges. Our overall mission is to create an estate plan that is perfectly suited to your specific needs and that offers you and your family the peace of mind you deserve.
We are ready to help you:
- preserve as much wealth as possible for your loved ones
- put the right people in charge of your affairs
- avoid probate court and excessive estate taxes
- prevent the need for a conservatorship, should you become incapacitated
We are fully prepared to advise and represent all parties in the estate planning process, including executors, trustees, guardians and conservators, heirs and beneficiaries.
Contact our Scottsdale Arizona estate planning attorneys at (480)947-4339 for a free estate planning consultation to start your Arizona estate plan today!
Arizona Estate Planning Attorneys: 4400 N. Scottsdale Rd., Suite 9-741, Scottsdale, Arizona 85251 (By Appointment Only).