Arizona Estate Planning

Arizona estate planning is essential for people with minor children, own property or like to specify

details about their own health treatment in the case of incapacitation. An estate plan combines various

documents, which includes wills and trusts, in order to manage and work out arrangements for assets

while the individual is alive and after their death. It also includes a medical care option that specifies

who is going to make decisions in the case the client becomes incapacitated.

Wills and Trusts in Arizona

Two of the key documents within the estate plan are definitely the will and the trust. In Arizona, a will is

required to specify who receives the estate; a lack of the documents means it is decided through Arizona

law of interstate succession. Furthermore, it names the choices to the personal representative of the

estate and also a guardian that's accountable for care and provision for the minor children. The trust

identifies when and how belongings are allotted after death and states the money left for minor

children, appointing a trustee to manage these funds who may vary from your named guardian.

Arizona Estate Planning Attorneys

A Phoenix estate planning attorney can sort out the daunting task of trust planning. It is very important

investigate the experience the law firm has to ensure that the client receives the assistance from

someone qualified for estate planning, and who is acquainted with Arizona laws. Trust planning requires

talking to the Arizona estate planning lawyer to decide what type of trust is considered the most suited

to the individual. There are five forms of trust: credit shelter trust, generation-skipping trust, qualified

personal residence trust, irrevocable life insurance trust, and qualified terminable interest property

trust.

It is essential the will and trust are well written to protect against misunderstandings, fraudulence, taxes

and costs. The Mesa estate planning Lawyer may give expert legal services in the facets of estate

planning, answer customers' questions and prevent clients from drawing up improper wills and trusts by

trying to complete this process without guidance.

For additional details with regards to estate planning, call the Arizona estate planning legal professionals

at Gunderson, Denton & Peterson, P.C. located at 1930 N. Arboleda, Suite 201, Mesa Arizona 85213 or

contact their office at 480-655-7440.

**This article is written by a third party and nothing in this blog should be taken to constitute

professional advice or a formal recommendation and we exclude all representations, warranties, legal

liability or responsibility relating to its content. The information in this blog is for general information

purposes only.