Arizona Trusts, Wills & Estates Attorneys
Estate planning is not for the wealthy only. Everything that you own including your home, vehicles, real and personal property constitutes your personal estate. Under the Arizona laws of intestacy if you die without a properly executed legal document that provides for the assignment of your real and personal property, then the State of Arizona decides how your assets will be distributed. What’s more, if you have minor children and pass suddenly without designating prior legal guardians, then the State of Arizona will also decide who gets custody of your children.
Aside from the distribution of your assets and caring for your children, it is also necessary to prepare a plan for your own care in the event that you become incapacitated. A durable power of attorney allows you to choose beforehand who will be responsible for making important financial and medical decisions on your behalf should you become mentally unable to make these critically important decisions by yourself.