Living Trusts and Wills
A revocable living trust is frequently unnecessary for modest estates, but everyone should at least have a Last Will and Testament, a Healthcare Power of Attorney, and a Durable Financial Power of Attorney.
Why is Beneficiary Deed Necessary for Proper Estate Planning?
Every person who owns real estate should have an Arizona estate planning lawyer prepare a beneficiary deed that automatically conveys real estate to an owner’s beneficiaries upon the owner’s death. This is important because a will does not have to be probated with respect to valuable real estate that is automatically conveyed to a person’s heirs via a beneficiary deed.
Pros and Cons of Arizona Wills and Arizona Trusts
An Arizona estate planning lawyer can explain the pros and cons of wills and trusts. A person must consider legal costs, probate expenses, tax consequences and other methods of transferring property. Arizona estate planning is crucial to making these very important decisions.