Estate planning is the process of making sure your loved ones will be able to survive after you die, no matter what happens with your property. There are a lot of different things you can do to plan for estate planning, but the most important part is to talk to an attorney about what's best for you and your family.
What are the benefits of estate planning?
If you are looking to create a will, you should know the following benefits:
1. Estate planning lawyers in Chandler, AZ can help reduce stress and uncertainty during your loved ones' inheritance process.
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2. A will can protect your assets from possible probate and estate taxes, as well as provide guidance on how your assets should be distributed after your death.
What types of documents must be created as part of estate planning in Chandler, AZ?
Estate planning documents typically include the following:
-A will: This document establishes who will inherit your property after you die, and may specify how your property will be divided among your heirs. A will can also be amended or revoked at any time.
-A trust: A trust is a legal arrangement in which you designate someone (known as the trustee) to manage and protect the assets of a specific group of people, such as your children or grandchildren.
-A power of attorney: This document gives another person ( known as the agent ) authority to act on your behalf in certain situations, such as making financial or health decisions. It can also allow the agent to act on your behalf in court proceedings.
