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The Need For An Estate Plan
In today’s world, estate planning is just as important as having assets in the first place. We all want to control what happens to our stuff while we are alive. However, we quickly give up control once we pass away. That is exactly what will happen if you pass away without a Will or proper estate plan. At HLG, our experienced attorneys will guide you through the process. We will ensure that in the midst of their other responsibilities, you do not leave a big mess for your family to clean up when you pass away.
In Arizona, when you pass away without an estate plan, your assets are at the mercy of our state’s laws on intestate distribution. This may not be the wish you had for your assets. Maybe you wanted to give everything to your wife, but you have children from a previous marriage. If you don’t have a Will, that will affect her ability to receive everything.
Maybe you wanted to give money or property to charity. If you don’t have a Will or other estate planning tool such as a charitable trust, you will not be able to do so. You will not be here to do it. That is the unfortunate thing about death.
Snowbirds and Retirees
Like a lot of people in the Buckeye, Surprise, and Goodyear areas, this was not your first stop along the way. Arizona is famous for its snowbirds and retirees. Many of you who are newer residents still have assets, businesses and properties in your previous home states. You need to know what to do with those assets in your estate plan. A trust or other tool may be just the thing you need in order to protect those assets from probate, and potentially, a family feud over who gets them.
Estate Planning Is Not Just for Retirees
Estate plans can be tailored for people of all walks and status in life to help them plan for the future. It does not matter if you are 30, 50, or 100, it would be wise to think about what would happen if you were to die today. It does not matter where you are in life, we all know that anything can happen. An experienced estate planning attorney will help you put together a plan that makes sense for you and your loved ones.
Our Attorneys Can Help You
At HagEstad Law Group, we aim to help you with all matters related to estate planning. You can rest easy knowing that your assets are not only protected in the event of your death, but that you remain in control of what happens to them when you pass away. If you have questions about setting up your estate plan, give the us a call at 623-999-1728 or email us at today.
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HagEstad Law Group, PLLC is your trusted law firm to handle any estate law needs you might have.