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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.


Arizona Estate Planning