Few things are of more importance in life than our friends and families. Though we can’t be with them forever, we can rest easy knowing we’ve taken steps to make our passing a little less stressful. How? By leaving documents that guide family members through a difficult time. Estate planning provides important benefits involving our property, any taxes that may be due, and just simple peace of mind.
Proper Estate Planning Preserves Your Estate
A good estate plan drawn up by a qualified estate planning attorney helps safeguard your estate assets. For example, trusts can protect assets from creditors and financially reckless family members. Specific bequests in your Will may ensure that family heirlooms go to people who will keep them for future generations.
In addition, your attorney can advise on the best ways to transfer assets after your death without going through probate court. Swiftly transferring real property and business assets to your beneficiaries may prevent loss of value due to mismanagement or neglect.
This may be critical if you own a company or have interests in any business. Without the right estate planning, your company may be unable to operate if you become incapacitated or pass away. Estate planning can keep the wheels turning and payroll checks signed.
The Right Estate Planning Can Take Advantage Of Tax Law
Your attorney can suggest ways to legally reduce your estate’s tax law. The importance of charitable giving and gifting to friends and family members are just two of the ways to lower a potential tax bill. Not every estate will owe estate taxes, but tax reduction strategies can help in other ways. And using gifting strategies means you get to enjoy watching your beneficiaries enjoy what you have to give them.
Knowing You Have Done The Right Thing
Our clients often feel a great sense of relief after signing their wills and other estate planning documents. A great estate plan also may reduce stress on your family members, imagine its importance!
We’ve Seen Both Sides Of The Coin
At Keystone Law, we’ve seen peace on our client’s faces after they’ve finalized their life care plans. We’ve also seen the confusion and frustration on the faces of grieving family members who had no estate plans to guide them.
The attorneys at Keystone Law Firm use a 5-Step Process to help clients like you decide which documents to include in your personal estate plan. Call us at (480) 418-8448. We offer services for clients throughout Arizona, including Gilbert, Sun Lakes, Tempe, Phoenix, Mesa, Scottsdale, and Apache Junction.