So you’ve decided to finally start the process of estate planning and would like to take advantage of the best range of options available to you. However, with so many products on the market — from an Arizona living will to an Arizona living trust and more — it can be hard to determine which product is right for you. Moreover, you may be worried that if you choose the wrong product, you may end up paying for it as you age. Take into consideration a run-down of estate planning products to help you make an informed decision:

Living will: An Arizona living will is focused mainly on medical considerations. Should you suddenly fall ill and find that you can’t make medical decisions on your own, you can draft this document to appoint someone to do so for you. This is also the best way to make some decisions ahead of time on your own to provide for guidance in certain medical situations. For instance, if you are adamant that you don’t want extraordinary measures taken to save your life should the situation warrant such action, then you can address this in your Arizona living will.

Living trust: This is a primarily financial-oriented document that gives you the ability to control and administer your estate without worrying about it going through the costly process of probate upon your passing. An Arizona living trust is fairly seamless to set up and offers a great deal of control until the property must be passed on to a beneficiary.

Traditional will: No matter which product a person may choose for estate planning purposes, chances are they will also utilize an Arizona will in its traditional form as well. This document tends to be fairly extensive, including may of the details that may not be available in other products. Property listed under the confines of a will may be subject to probate; however, this is a more well known product, which tends to make people more comfortable with using it.

Choosing the right product for estate planning purposes is key to ensuring a certain level of security for your future. It starts with education about each product and culminates with decisions that give your family and other loved ones guidance on your wishes you fall ill or pass on. This is the key to successful estate planning.

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