What is Arizona Estate Planning?

Long-term planning, with an emphasis on estate planning in Arizona, is not something most people look forward to doing. However, despite the unpleasant nature of this type of planning, it is perhaps one of the most important things on your to-do list and a true act of love for your family and friends.

Estate planning in Arizona is centered on a process and ensuing documentation that plans for your wishes for your estate once you pass away. Estate planning encompasses the state of your financial portfolio, as well as a number of legal questions that may remain, from who will administer your estate to whom gets custody of any minor children to who inherits your property. An estate is characterized by all of your assets at the time of your death, including: any property you may own (solely or jointly), financial accounts, insurance policies and more.

You need to consider who will take control of these assets upon passing away. The importance of this process is centered on the fact that should you pass away with no documentation about estate planning, your loved ones are left wondering what your wishes might have been for your estate. They are already grieving over your passing, so making these types of decisions will put more of a hardship on them, which is why it is so important to engage in estate planning in Arizona ahead of time. It takes the onus off of them to make the decisions they can only guess you might have made and makes it clear just what you wanted done and who you wanted to be the recipient of various aspects of your estate. It allows your loved ones to focus on their grief and getting through it.

This type of planning will also help to mitigate any taxes and payments on your estate after death and will also stipulate any medical decisions that need to be made on your behalf should you become unable to do it yourself. Estate planning in Arizona is an important process that should be done under the skill of a qualified attorney. This ensures that you get it right and that all of your paperwork is in order and properly filed should your passing be untimely. Moreover, a qualified attorney can ensure that your paperwork is properly filed with your state and that your estate planning in Arizona is administered legally following your passing.

Need Help?

If you are not sure as to what legal document you currently have contact one of our professionals to help you with your estate planning. They will make sure you have all of your grounds covered and have the right legal documents that best suite your wants and needs.