An estate plan is a document that outlines your wishes for the distribution of your assets upon your death, whether you are the sole owner of the assets or the owner of them with a spouse or other legal representative. An estate plan can also help to prevent disputes over who gets what after you die.
At Arizona property planning, their attorneys have years of experience navigating the legal system and will work diligently to ensure that your interests are protected through all stages of your inheritance.
There are a number of different ways to create an estate plan, but most people begin by creating a will. A will is a legal document that tells your loved ones how you want your assets distributed after you die.
You can also create a living trust, which is a type of trust designed to protect your assets while you are still living.
If you don't have any children or don't want them to inherit any of your assets, you may choose to create trust for them. A trust is simply a document that specifies who will get what once it is established.
You can also create a revocable living trust, which allows you to change or update your trust at any time without having to go through the probate process.
An estate planning attorney can help you create the perfect estate plan for your unique situation and needs.
The topic of estate planning is one that can be quite complex and confusing, which is why it is important to have the help of an attorney when making important decisions about your future.