Everyone should have an estate plan in place for the unexpected, and having up to date Arizona estate planning documents will ensure that your estate is properly managed in accordance to your wishes rather than Arizona law.

Document 1 – Last Will and Testament

If your estate is will based, your last will and testament is one of your primary Arizona estate planning documents used for asset distribution. Not every estate uses a will as its main method of asset distribution, as there are other Arizona estate planning documents that can be used.

Document 2 – Revocable Living Trust

A revocable living trust is another one of your primary Arizona estate planning documents that can be used to distribute assets, and it is one form of asset transfer that can avoid probate court. Many estates use revocable living trusts in their Arizona estate planning documents primarily for that reason as well as other benefits like faster distribution.

Document 3 – Financial Power of Attorney

A financial power of attorney is one of your most important Arizona estate planning documents because it allows an individual to manage assets that are in your name if you become seriously ill or incapacitated. Your financial power of attorney can ensure that any financial obligations to dependents or other financial issues are taken care of by a trusted person if you become incapacitated.

Document 4 – Living Will

A living will has information about the types of life saving treatments and other medical interventions that you would want to be used on you. If you want all measures to be used to prolong your life you can state that or your other wishes in your living will. This is another one of the most important Arizona estate planning documents to have to ensure that your medical wishes are respected.

Document 5 – Health Care Power of Attorney

A health care power of attorney assigns a person as your health care proxy who can make medical decisions for you if you cannot communicate, such as the decision to prolong life and other choices.

Having these five Arizona estate planning documents is important for your estate plan, but there might also be other Arizona estate planning documents that you’ll need for your unique estate.

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 planning needs. They will make sure you have all of your grounds covered and have the right legal documents that best suite your wants and needs.

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