Tips to Start Estate Planning

If you’ve decided that this is going to be the year in which you organize your estate, chances are, you’ve quite a bit to do by way of information gathering and organizing all of your materials. Whether you’ve opted for an Arizona living trust or elected to do an Arizona will, you still need to get your information together to make the process of planning and implementing these tools as seamless as possible. Consider a few tips to get you started:

Get all important papers in one place ahead of time: You may need copies of important identifying documents, such as social security numbers or birth certificates to create a Phoenix living trust or a Phoenix will. Get pertinent paperwork together before you start the process of putting together these products to ensure that they contain the most accurate information once they are complete.
Make sure everything is accurate: No matter what you decide to utilize in your estate planning – a Phoenix living will, traditional Phoenix will or a Phoenix living trust, make sure that whatever information you decide to include is accurate to the best of your knowledge.
Consult with a professional: If you are unsure of what product is best for you, consult with an estate planning professional. Ask about what product best suits your situation and how you can maximize the effectiveness of your estate with various products. For instance, when it comes to appointing someone to make medical decisions on your behalf when you are no longer able to, an Arizona living will is the best choice of product. If you want a more detailed document that gives clear directives on administering your estate, then an Arizona will is your choice. An Arizona living trust is best for situations where you want to control your estate while you are still living, and the major assets found within it, but have it pass to a specific person without incurring the process of probate, then you would opt for an Arizona living trust for your estate.

No matter what kind of estate planning products you utilize, be it a traditional Phoenix will or a Phoenix living trust, the more prepared you are ahead of time, the more likely it is that you will end up with an overall plan that both caters to your specific wishes while ensuring that your estate is properly administered 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.