Estate Planning FAQ
Throughout the Scottsdale, Arizona, area, clients with estate planning questions turn to us here at Nearhood Law Offices, PLC. They know they can rely on us for the tested legal judgment born of more than 50 years of combined legal experience.
They also know they can count on us for the individually-tailored representation they need for an effective estate plan. We work with you in a one-on-one setting so we get to know you and build the long-term relationship that often makes for the best estate plans.
For all of those reasons, we caution you in the use of any FAQ page, including this one. The FAQ page addresses some generalized concerns, but not in a way that can constitute actual legal advice or any kind of attorney-client relationship. Real legal advice requires actually sitting down with an attorney who can get to know you. Every situation is different. There is no such thing as one-size-fits-all legal advice because there is no such thing as a one-size-fits-all legal problem and solution.
Therefore, when reviewing this FAQ page, keep in mind that FAQ pages are useful as starting points. With the FAQ page, you can often begin the process of articulating the questions you might already have but haven’t yet put into words. You might even be on this page in the first place because the words you used to search online also appear on this page.
Use These Questions To Begin Your Estate Planning Process
People often wonder in particular about the following questions:
What are the advantages of estate planning?
There are a variety of advantages, including the ability to provide for estate and/or business succession, to support a special needs family member, to distribute your assets as you see fit, and, if so desired, in a private administration, or to manage tax liability, just to name a few.
What is necessary to have an estate plan?
Estate plans can involve a number of important documents:
- A will
- A trust
- Powers of attorney (durable, financial and physical and mental health care)
- Designations of beneficiaries and guardianships (if any)
- Letter of intent
You will want to consult with an attorney, of course, to see how these documents would be tailored best to your circumstances.
Why do you need to talk to an attorney for estate planning?
Not surprisingly, generic documents cannot be responsive to your particular situation. Further, lay people are generally not trained to identify potential problems (let alone existing ones) in an estate plan. A lawyer’s livelihood is committed to learning your circumstances and, like a doctor, diagnosing your situation and then recommending solutions.