Is estate planning something you’ve been meaning to do but just haven’t gotten around to? If so, don’t worry – you’re not alone. Many people procrastinate when it comes to estate planning, but there’s no need. The process is actually relatively simple once you get started.
In this blog post, I’ll share seven quick tips about estate planning in Arizona in 2022. By following these tips, you can make the process a little easier for yourself and ensure that your loved ones are taken care of after you’re gone. Let’s get started!
1. Make a list of your assets and debts.
The first step in estate planning is to make an inventory of your assets and debts. This will give you a clear picture of what you have to work with and what needs to be taken care of after you’re gone. To make things easier, you can use our online estate planning worksheet.
2. Choose a personal representative.
Your personal representative will be the person who handles your estate after you’re gone. This is an important decision, so take your time and choose someone you trust completely.
3. Decide how you want your assets to be distributed.
One of the most important decisions you’ll make during estate planning is how you want your assets to be distributed after you’re gone. This is something you should think about carefully and discuss with your family.
4. Create a will.
A will is a legal document that outlines your wishes for how your assets should be distributed after you die. It’s an important part of estate planning, so be sure to create one.
5. Make a plan for your funeral or cremation.
You should also make a plan for your funeral or cremation as part of your estate planning. This includes deciding who will handle the arrangements and how you want to be memorialized.
6. Purchase life insurance.
Life insurance is another important part of estate planning. It can help your loved ones financially if you die unexpectedly.
7. Get professional help.
If you’re feeling overwhelmed by estate planning, don’t hesitate to get professional help. An experienced attorney can guide you through the process and answer any questions you have.
Estate planning doesn’t have to be complicated or time-consuming. By following these seven tips, you can make the process a lot easier for yourself and ensure that your loved ones are taken care of after you’re gone. If you have any questions about estate planning in Arizona, contact our office today. We would be happy to help you get started.
Are You Looking for an Estate Planning Law Firm You Can Trust?
Probate law is a complex area of the legal profession that can be difficult to understand. At GillespieShields, our probate & estate planning attorneys have extensive experience in estate planning and will work with you towards an amicable resolution. 27 years of experience in estate planning and probate law means that our attorneys have helped many families navigate the legal system without any problems. We work with clients to find solutions for their reasonable goals, paying close attention along the way so they can feel confident about what’s happening legally throughout all stages of the process! Estate planning can seem like an overwhelming task, but it doesn’t have to be. With just a little time and effort you will find yourself prepared for anything that may come up! The best part about working together? All of our estate plans are customized with love by our talented team of lawyers! During our private, one-on-one consultation, we’ll take the necessary time to answer any and all of your questions surrounding Arizona’s estate laws, your family’s unique situation, and how you can preserve your wealth for the next generation. Contact us today for your consultation!
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