Basic Estate Planning Strategies for Future Security
At the law firm of Deloughery Law Office, PLC, we don't believe that drafting a simple testamentary will is enough to cover the full range of your family's estate planning needs. A sound will might represent a good start, but it's only a start. And your family doesn't need to own much before the benefits of a broad-based estate plan will become apparent.
Contact a knowledgeable trusts and estates lawyer at our law firm to learn how sound estate planning techniques can protect your personal and family interests for years to come. We will help you work through such basic questions as:
- If you plan to leave your house to your spouse, will your spouse be able to maintain it? And are you accidentally disinheriting your children?
- If you hope to pass management of a family business or professional practice to an adult child, are you sure your son or daughter can handle it?
- Are your retirement accounts flexible enough that your spouse or children can reinvest them?
- Do you have plans in place to cover the possibility that you might become incapacitated and need someone else to manage your finances or health care?
- Will you be eligible for Medicaid (called AHCCCS in Arizona) when you're older?
Phoenix estate planning attorney Paul Deloughery has personal experience of the consequences of inadequate planning for the future. When his father died unexpectedly, the family business and practically everything else was lost. All his father had in place was a will and a small life insurance policy, and creditors and taxes ate up everything else.
Today, our law firm helps families at any stage of life plan for their future security through the correct use of wills, living trusts, powers of attorney, and advance directives to health care providers. Whether your planning needs are simple or complex, involve concerns about blended families, or need to assure the security of vulnerable adults, we can help you find the right combination of strategies and the legal instruments necessary to put them into place under Arizona law.
Call 602-639-4618 for Advice About Estate Planning in Greater Phoenix
For more information about our ability to help you plan ahead for your family's security, contact Deloughery Law Office, PLC, at either of our offices in Scottsdale and Phoenix.
