Phoenix Attorney Network: Don’t Wait to Find an Estate Attorney
josephedaniel 33 Views
The respected attorneys who comprise the Phoenix Attorney Network (http://www.phoenixattorneynetwork.com) have suggested that those who have yet to handle their estate planning responsibilities consider finding an attorney that specializes in estate planning.
All too often, people put off estate planning because they feel that they are not nearing the time to make end of life decisions. However, these decisions are then often thrust upon other family members when the tragic or unexpected happens. Not having taken adequate measures to plan one’s estate can make things far more difficult for those family members surviving the individual. They must not only manage an estate which they were not prepared to manage, but questions about the deceased wishes can cause emotional conflict and strife between family members that are already burdened with grief. Estate planning ensures that an individual’s assets are divided according to their own wishes, that their surviving family members are cared for according to their wishes, and that their families can focus on the grieving process rather than legal matters during that difficult time.
All individuals should ensure that they have a legal last will and testament, a living will, and a living trust. A last will and testament is the document which identifies what remaining assets will be received by which beneficiaries. It also identifies the individual who has been designated to administer the estate, whether that be legal counsel, a family friend, or a family member. If a guardian and/or conservator is required, these are also named in the living will. Guardians are those who will take on the responsibility of ensuring the deceased’s children are cared for until they reach the age of majority. Conservators are those that manage assets and property for the deceased’s children until they are adults.
A living will is a document which details the wishes of the individual in regards to medical care, should the individual be unable to express their own preferences due to illness, injury, or other conditions. If an individual is, for example, suffering from a terminal illness, and unable to communicate, the living will would instruct medical personnel what efforts they should make in order to save the individual or allow the natural process of death to take place.
A living trust is a financial document which can protect the deceased’s assets from taxation and creditors so that it may be used to provide for the surviving family members, including children and spouses. These documents should be prepared by a lawyer who specializes in estate planning.
About Phoenix Attorney Network
Phoenix Attorney Network is the best Arizona resource to find an estate attorney Phoenix respects. To be matched with a lawyer that specializes in estate case law, contact Phoenix Attorney Network on their website at http://www.phoenixattorneynetwork.com today.
Phone: (866) 266-0959
Fax: (888) 892-1831
Other articles you might like;
2555 East Camelback Road, Suite 140
Phoenix, Arizona 85016