Estate Mate. Your Partner For Estate Planning
Contact Us Today For A Consultation - (888) 586-1009
Estate Mate. Your Partner For Estate Planning
Contact Us Today For A Consultation - (888) 586-1009
You may have delayed estate planning because you’re not ready to confront what will happen to you, your family, and your assets in the event of your illness or death. You know that putting off estate planning decisions doesn’t make them go away – but you’re not sure how or when to begin…
Many people mistakenly believe that estate planning can be put off or that they can simply write their own will. However, neither of these choices is advisable. A comprehensive estate plan is essential and addresses critical matters, including the management and distribution of your assets, as well as who will make financial and healthcare decisions on your behalf if you become incapacitated.
For decisions of this magnitude, you need an experienced estate planning lawyer. Jeff Cloud has over 10 years of experience helping clients in Scottsdale effectively manage their estate planning needs. His background in finance and public defense brings a unique depth of knowledge and experience to his legal practice – something he has used to the advantage of countless clients.
If you’re ready to make the big decisions and preparations for an inevitable future, Jeff Cloud can help you plan for all the contingencies. Gain the peace of mind that comes from having your affairs in order and your legacy secured.
Estate planning is the creation of a roadmap that outlines the distribution of your assets after your death. It is necessary for three reasons: to protect yourself, safeguard your family, and secure your future.
However, estate planning is even more than that. An effective estate plan also designates who will manage your finances and estate when you can no longer do it yourself.
Usually, dying without proper estate planning documents usually results in the estate going through probate court. In Arizona, probate is necessary if the decedent's estate includes over $75,000 in personal property or $100,000 in real property.
Without an estate plan, your assets could get tied up in the probate court, which can be a lengthy and costly process for your loved ones to deal with down the road.
Also known as a "last will and testament," wills are often considered the foundation of an estate plan. Even if you have a living trust, you're still likely to have a will.
A will is a legal document that outlines how your estate should be managed, who inherits your property, and who oversees the distribution of your assets. A will can also designate guardians for minor children, bequeath charitable gifts, and make provisions for tax planning.
Whether or not a will is sufficient on its own depends on the specifics of each case. Various strategies can be employed to avoid probate, but they all depend on the type of assets involved. Many people's most significant assets are their homes and retirement accounts. Both these assets can bypass probate with the proper planning. Still, while these methods may avoid probate, they may not always be the best approach to take.
For peace of mind, choose a proven estate planning attorney who understands the intricacies of probate law and the Arizona Trust Code. Jeff Cloud will work with you to make intelligent decisions about your estate plan and create a roadmap for a future where your wishes are honored and your family is secure.
Schedule an initial consultation with Jeff Cloud today to start planning a future where you’re in control and your legacy is protected.
