Having the right legal documents in place is vital for protecting your interests. You are protecting your wishes on how you would like to distribute your tangible and intangible assets You may think that your estate is too small for planning. That is never the case. Planning your estate means respecting your life. A legal document preparer, like Anthem Paralegal Services can help you create and maintain those important documents. By having a Last Will and Testament, Living Will, Healthcare Power of Attorney, Durable Financial Power of Attorney, Revocable Living Trust, and updating beneficiary designations and deeds when necessary, you have peace of mind knowing that you have taken the necessary steps to protect yourself and your loved ones.
- Last Will and Testament
- Revocable Living Trust
- Durable Power of Attorney
- Health Care Directive
- Living Will
1. Last Will and Testament
Last Will is on of Arizona Estate Planning Documents in which you state who you want to inherit your property and name a guardian to care for your young children should something happen to you and the other parent. Will is is a document that states your final wishes. A county court admits the Will after your death, and ensures that your final wishes are carried out.
2. Revocable Living Trust
If you hold your property in a living trust, your survivors won’t have to go through probate court, a time-consuming and expensive process. This is the type of agreement is Arizona Estate Planning Document that provides flexibility and income to the living grantor. He/she or a couple is able to adjust the provisions of the trust and earn income, all the while knowing that the estate will be transferred upon death.
3. Health Care Directives
Writing out your wishes for health care can protect you if you become unable to make medical decisions for yourself. Health care directive is Arizona Estate Planning Document that includes a health care declaration (“living will”) and a power of attorney for health care, which gives someone you choose the power to make decisions if you can’t. (In some states, these documents are combined into one, called an advance health care directive.
4. Financial Power of Attorney
With a durable power of attorney for finances, you created Arizona Estate Planning Document that can give a trusted person authority to handle your finances and property if you become incapacitated and unable to handle your own affairs. The person you name to handle your finances is called your agent or attorney-in-fact (but doesn’t have to be an attorney).
5. Living Will
An advance healthcare directive, also known as living will, personal directive, advance directive, medical directive or advance decision, is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness.
