Protecting your Assets
Estate planning has many purposes, including the protection of your assets, preservation of your wealth and ensuring your final wishes are carried out. Once an estate strategy has been created, various legal documents are used to protect your interests and safeguard your family’s future, including:
- Last Will and Testament
- Living will
- AB trusts
- Living trusts
- Financial power of attorney
- Healthcare directive
- Financial directives
- Beneficiary designations
With proper planning, you can facilitate the transfer of your property to heirs and help prevent future legal problems. Estate planning can also minimize tax obligations for beneficiaries. A Mesa bankruptcy lawyer at Dodge & Vega, PLC can assist you with the estate planning process, and make sure your intentions after your passing are upheld. We can also help your family avoid probate, which can be extremely costly and time-consuming.
Creating an Estate Plan
Planning an estate can be important if you own property, have recently been divorced, wish to bequeath assets to individuals that would be distributed differently in probate court, have minor children that will require guardianship, have specific instructions for healthcare providers if you become seriously ill, or want to designate a particular person to manage your estate. Without a plan and the appropriate legal documents in place, your estate will be administered in probate court and the distribution of your assets will take place according to state laws.
Our firm’s attorneys will use their legal, financial and estate knowledge to create as strategy that addresses all of your needs and concerns. We know your family’s security is important, and will structure your estate so that they are provided for after your passing.
Contact an estate planning lawyer for knowledgeable and professional advice and assistance with your estate.