Many young adults do not think about what should happen with their assets at the time of their death. Even more, there are numerous individuals over the age of fifty that have not planned for their future. All too often, loved ones fight over another’s assets and other personal property, and this can cause a rift that breaks families apart. Estate planning can prevent a significant number of issues that may occur upon your death if you do not have a last will and testament, or any other testamentary document demonstrating your wishes.
Understanding Estate Planning in Arizona
At My AZ Legal Team, PLLC, our seasoned Tucson Estate Planning Attorneys strive to ensure each client has a thorough understanding of what is required under Arizona law when it comes to addressing estate and probate matters. If a particular estate document is not valid under Arizona law, then it may be considered invalid in the courtroom. This is why it is essential to work alongside an attorney when addressing estate matters. Common estate planning tools used by our clients include, but are certainly not limited to, the following:
Creating a last will and testament;
- Creating a trust to manage and/or protect assets for the benefit of another;
- Creating a living will and/or advance healthcare directive;
- Creating a power of attorney; and
- Estate tax planning.
Estate planning is different from one person to the next. Many clients choose to create a will or trust that is for the benefit of their children. As such, whether or not you have children, and how many, is a key factor that our attorneys consider when helping you choose an estate plan that best suits your particular situation. While your goal may be to protect your family in the years to come, some clients are in need of more immediate estate planning guidance, such as the need to create a power of attorney for a particular purpose, or perhaps set up a special needs trust for a loved one.
Why Estate Planning is So Important
We live in an uncertain world where anything can happen at any given time, day or night. While it isn’t always possible to prepare for every given situation, there are some things you can plan for that may give you peace of mind. Estate planning provides a means for individuals to have at least some certainty in their lives. Knowing that your assets and your loved ones will be protected when the unforeseen occurs is a feeling not shared by many Tucson resident.
Contact the Tucson Estate Planning Attorneys of My AZ Legal Team, PLLC Today
Estate planning is something that will likely be different for each individual, depending on each person’s unique needs and goals. While many people generally know what their goals are in the estate planning process (such as what to state in your last will and testament), having an attorney evaluate your entire situation will help you make sure you are utilizing the right estate planning tools for your particular needs. The Tucson Estate Planning Attorneys of My AZ Legal Team, PLLC have extensive experience helping individuals with the estate planning process. Our attorneys do not limit their services to only a few estate planning areas of practice, but rather devote their entire estate and probate department to addressing the unique needs of every Tucson resident. If you would like to speak with one of our attorneys or schedule an appointment, contact My AZ Legal Team, PLLC today by calling (520) 448-4940.