What Makes Sun City Communities Such Great Places to Retire?
Sun City communities are wonderful places. You can throw a rock in any direction and hit green; great local eating and shopping; proximity to Phoenix and the surrounding areas; Sedona and Flag are a short drive North. Oh, and the cost of living is still lower than pretty much anywhere in the East Valley. Win, win, win, and win.
Did I mention the golf courses? We probably did. But there are lots of reasons to love Sun City communities, not just golf.
Custom Tailored Wills, Trusts, and Estates for Sun City Residents
Sun City communities are retirement developments with an average median age of almost 73. The majority of Sun City residents moved in from elsewhere (probably to escape rising taxes and shoveling snow). Retirees love Sun City communities because it was built just for them. It is, and has always been, a community tailored to retirees. At HagEstad Law Group, we believe that the legal services available to you should be just as custom tailored.
The major issue that we at HagEstad Law Group have found is that Sun City residents either don’t have an Estate Plan, or it has not been updated in many years. We are not judging you, but we are here to help.
New Sun City residents need to have their existing Estate Plan reviewed and updated when they move to Sun City. If you have a Will or trust that you established in another state, you need to be sure to have it updated with the newly acquired Arizona assets. It may make sense to revise the Will or Trust to make it a domestic Arizona Trust or Will. Doing so will make the enforcement of those documents much easier for your family and loved ones after you pass away.
If you do not have an Estate Plan, HagEstad Law Group will custom-tailor your Estate Plan to meet your individual needs. Your city was made with you in mind, and your Estate Plan should be too! Why? Because an Estate Plan is so much more than a Will or a Trust. You will likely need a Medical Power of Attorney, Living Will, or Financial Power of Attorney to allow others to help you make medical and financial decisions later in life or should something happen. These are all items that your attorney at HagEstad Law Group will go over with you. Our approach is comprehensive. We want to maximize your Estate Plan, minimize tax burdens and help you gain peace of mind knowing that your financial house is in order well beyond your lifetime.
You Have Spent Your Life Acquiring These Assets. Now It’s Time to Protect Them
Something that is important for Sun City residents to understand is that you have spent your life working to acquire these assets, now it is time to make sure they are protected for future generations.
In just a few short steps, you can put in safeguards to protect inheritances from creditors, build generational wealth, and provide for your spouse, children, and grandchildren for years to come.
Sun City Communities are Fun, but an Estate Plan-less Probate is Not
We understand that this is not a fun conversation to have, but it is an important one. You are a smart, thoughtful person, we understand that because you wouldn’t be reading this page at all, let alone be reading this far down if you weren’t. Because of that, we are not going to beat around the bush about this. You are going to pass away. What happens to your assets at that point is out of your control unless you make your voice heard. So, call HagEstad Law Group, your local Wills, Trusts, and Estates attorneys, and let's get it done.