Arizona Estate planning is a term that refers to the way in which a person's assets are passed on to their heirs. In Arizona, your estate consists of all things you own, except for any property you might have given away (such as a house or car), and all the property you have inherited from someone else.
What is an Estate Plan?
Estate planning is the process of creating a plan for your estate, which includes all of your assets and financial affairs.
Estate planning can help you ensure that your assets will be available to you and your loved ones after you die, protect your assets from potential lawsuits, and make sure that your wishes are carried out after you die.
There are many different types of estate plans, and each one can vary based on your specific situation and goals. However, some common types of estate plans include: wills, trusts, health care directives, powers of attorney, and estates within estates.
If you are thinking about estate planning, it is important to consult with an attorney who can help you create a plan that is tailored to your specific needs.
An attorney can also provide guidance on how to make sure that your estate is properly administered should something happen to you before you die.