Arizona Estate Plans
An estate plan controls what happens to your assets and debts in the event someone were to become incapacitated or in the event of their death. Approximately two-thirds of adults do not have an estate plan resulting in a real mess for their families in the event of an emergency and may involve families having to go to court to obtain court orders to appoint people to make medical and financial decisions for you.
That mess is completely avoidable by creating your estate plan today. We also make the estate planning process easy, understandable, and affordable. Our comprehensive Arizona estate plans include the following:
- A Will or a Family Trust With a Pour-Over Will;
- A Living Trust with Advanced Medical Directives;
- A Durable Financial Power of Attorney;
- A Health and Medical Care Power of Attorney;
- Hippa Authorizations;
Will or a Family Trust With a Pour-Over Will
A Will and a Family Trust are estate planning documents that allow you to decide who will inherit your assets upon your death. If you intend to simply give your beneficiaries all of your assets upon your death, you do not need a family trust.
However, if you want to delay some or all of your beneficiaries from receiving their inheritance, such as if you have small children and want to delay those children from receiving their inheritance until they reach a certain age, you will need a Family Trust to hold onto and manage those assets for your beneficiaries. A Family Trust also avoids your family from going through the court’s probate process.
Living Trust With Advanced Medical Directives
A Living Trust With Advanced Medical Directives is a document that controls end of life decisions regarding your medical care. This is an important estate planning document because it gives you control over what life-saving measures you want to be performed if you become incapacitated and, likewise, what medical care you choose not to have performed on you if you are incapacitated.
Durable Financial Power of Attorney
A Durable Financial Power of Attorney is an estate planning document that authorizes someone to take control and manage your finances in the event of your incapacitation or death. This allows your appointed person to manage your investments, pay your bills, and take care of your property and saves time and money your family may otherwise spend in getting a personal representative appointed to handle your finances.
Health and Mental Health Power of Attorney
a Health and Mental Health Power of Attorney enables a person you appoint to make medical decisions for you in the event you were to become incapacitated. Again, this saves your family time and money that would otherwise be spent getting the court to appoint someone to make these decisions for you in the event you were to become incapacitated.
Hippa Authorizations allow medical provides to share information with the person you name as your Health and Mental Health Power of Attorney, as well as other family members you choose to receive that information.
Call us today at (480) 947-4339 or complete our contact form above to schedule free no-obligation consultation with one of our experienced Arizona estate planning attorneys today.