A lot of people procrastinate when it comes to estate planning. Many times they feel like they have plenty of time, or they have been too busy to start, or they want to wait until they have more money. However, this is something that you and your family can’t afford to put off any longer! Not having a proper estate plan in place means that your loved ones won’t be taken care of and your assets will be left at the mercy of the state’s intestate succession laws.
This is why you need to contact the Scottsdale estate planning lawyers at KEYTLaw today to help protect your family and make sure that your wishes are followed. During your free, no-obligation consultation, we will evaluate your estate planning needs to see what you can do to ensure that your family is safeguarded and your wishes are respected. Reach out to us today to see how we can help!
Isn't a Will Enough? Understanding Comprehensive Estate Plans
There is a common misconception surrounding estate planning that having a will is sufficient to provide guidance for what happens after one's passing. However, a comprehensive estate plan encompasses various essential documents that cover different aspects of your life and the things you own. Here’s what is typically required to make sure all the bases are covered:
- Revocable Living Trust: This “kitchen sink” trust protects assets from creditors and ex-spouses for the rest of your life, distributes assets after your death, and allows for the inclusion of provisions for beneficiaries who are disabled.
- Deed to Transfer Home to Trust: Ensures that your primary residence is titled within the trust, which essentially streamlines the transfer at the time of your death.
- Last Will & Testament: Deals with distribution of property not included in the trust and designation of guardians for minor children.
- Healthcare Power of Attorney: Gives named individuals the power to make medical decisions if you’re unable to.
- Living Will: Gives instructions for end-of-life care, such as whether to withhold or withdraw life support (e.g., ventilation) when considered futile.
- Financial Power of Attorney: Authorizes someone to manage your financial affairs if you cannot.
- Personal Property Memorandum: Itemises who gets which of your chattels (from jewelry to art) where.
- Digital Copies of Documents: Files that can be easily referenced and copied to the right people.
A good estate plan will make sure that everything in your life and everything you have is taken care of exactly as you want it to be, without the stress of legal battles and without burdening loved ones with those decisions.
What Our Scottsdale Estate Planning Lawyers Can Do for You
Scottsdale estate planning lawyers Richard Keyt and Richard C. Keyt (father and son) at KEYTLaw, have more than 50 years of combined experience and have drafted over 600 estate plans tailored to our clients’ specific wishes and objectives! We provide:
Customized Consultations: We begin with the complimentary, no-obligation consultation to determine your needs and respond to your inquiries.
Simple Estate Planning Solutions: Your assets are too valuable to leave to chance. We help you navigate the complexities to provide for your family and minimize expenses and taxes.
Ongoing Support: Estate planning is not a one-time event. If your life circumstances change, we can help you update your estate plan to make sure it continues to serve your needs.
Full Document Preparation: We prepare all your documents, such as wills and trusts, healthcare directives such as living wills and powers of attorney, so nothing is overlooked.
Educational Materials and Resources: We offer educational materials and resources to enhance your understanding of the necessity for estate planning and to assist you in making informed choices.
Allow KEYTLaw to Help You Protect Your Family and Continue Your Legacy
At KEYTLaw, estate planning is about protecting your family’s future, not just managing assets. Rick and Ricky Keyt, a father-and-son team in Scottsdale, have dedicated their careers to helping clients ensure a peaceful transfer of their wealth and values. With top ratings from Avvo.com and recognition as leading estate planning attorneys in Arizona, they’ve crafted hundreds of personalized estate plans. Don’t leave your family’s future to chance—schedule a free consultation today and preserve your legacy with KEYTLaw.