Living Will and Trust Packages
Will Package - $395
A Will, sometimes called a Last Will and Testament, is a vital part of your estate plan. Your Will describes how your assets and property should be distributed after you pass away. Additionally, if you have young children, your Will can be used to appoint a Guardian for your children in the event that all parents are deceased. You can also utilize your Will to assign the role of Executor (also called a Personal Representative or Administrator) who will be in charge of carrying out your final wishes.
Through a separate document called a Living Will, you can provide guidance to your family and loved ones as to the end-of-life medical support you wish to receive. Your Living Will helps to eliminate doubt and anxiety as to your preferred end-of-life medical care.
If you are thinking about creating a Will, I would be delighted to work with you to establish a personalized plan.
Trust Package - $595. (includes living will)
A Living Trust is a document that provides for the management of your assets during your lifetime and the orderly distribution of those assets upon death. When properly funded, a Living Trust will permit an estate to avoid or bypass the court process probate. Probate can typically take a year or more and the costs, expenses and fees can be thousands of dollars. The probate limit in Arizona is $150,000 for real estate assets and $75,000 for personal property. Trusts are the ideal document for avoiding probate, maintaining assets to be distributed to minors, holding funds in trust for beneficiaries to be distributed at a later date, protecting assets for beneficiaries and minimizing or eliminating estate taxes for married couples with assets in excess of the federal estate limit. A Living Trust is a confidential document that keeps all your personal affairs from becoming a matter of public record.
All Packages include the following:
Medical Power of attorney
A Medical Power of Attorney is a legal instrument that allows you to select the person that you want to make healthcare decisions for you if and when you become unable to make them for yourself. The person you pick is representative for purposes of healthcare decision-making.
Mental healthcare power of attorney
Did you know many advance directives don’t include the authority to make mental health decisions? That's why it's vital to protect yourself and your loved ones with a mental healthcare power of attorney, or POA. As with healthcare and financial powers of attorney, this document is critical for all Arizonans, regardless of age or health status.
financial durable power of attorney
Allows someone else to manage your finances in the event that you become incapacitated and are unable to make those decisions yourself. The power is granted in a document, and is not only useful for you, but can really help your family in times of crisis. More precisely, it grants someone legal authority to act on your behalf for financial issues. This person's official name depends on the state you live in, but is often referred to as your agent or as an attorney-in-fact.