The Elements of an Estate Plan
An Estate Plan is a collection of legal documents - a Living Trust, Living Will, Last Will & Testament (also known as a Pour-Over Will) & Powers of Attorney. Estate Planning is the creation of a definite plan that will manage your assets during your lifetime and distribute them upon your death or incapacity. A properly crafted Estate Plan will minimize the impact of Federal and State taxes and help your family and heirs avoid the costly and time consuming probate process. It's a gift to the people you leave behind!
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Do I need an Estate Plan?
"I don't need a Will or an Estate Plan. I don't have much." Wrong! Your estate doesn't have to be large to benefit from an Estate Plan, especially with the probate laws as low as they are in Arizona.
An Estate Plan is not just for the wealthy or the older generations; everyone should have their affairs in order because the unexpected could be just around the corner. An Estate Plan protects and directs your assets, which is so important, but it also keeps peace in the family. Most of us have a story of a family torn apart over money and/or items left behind with no plan in place leaving instructions and direction as to whom should receive them.
Your assets include financial investments, life insurance, annuities, retirement savings, stocks, bonds and mutual funds, household furnishings, clothing, jewelry, vehicles, real estate, business interests, collectibles, cash on hand and bank accounts.
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Get your affairs in order
Do you have the answers to these important questions? You may need to consider an Estate Plan:
- Do you know who you want to inherit your assets?
- Do you want your heirs to avoid the probate process?
- Do you want to minimize Uncle Sam's share of your estate?
- If you were to become incapacitated by accident or illness, who would you want to handle your financial affairs?
- If you were ever unable to make medical decisions for yourself, who would you trust to make them for you?
- Have you named a guardian for your minor children?
- Do you have unresolved or complicated family issues?
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Protect your heirs, protect your legacy, protect yourself - contact us today, we'll answer your questions, schedule an appointment and put your mind at rest. All for less time, effort and money than you might think.
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