Wills in Tucson
A will allows you to specify how your assets will be divided and distributed upon your death, as well as who will manage your estate and, if you have minor children, who will serve as their guardian. A will can be revoked and changed during your lifetime.
After your death, the will proceeds to probate, which is a court-supervised process by which the estate of a deceased is settled, distributing assets according to the terms of a will or by law, and paying debts or taxes owed by the estate. Probate can be an expensive and time-consuming process, depending upon the size and complexity of the estate. With careful planning, however, probate can be minimized or avoided altogether. One means of transferring assets that avoids probate is the creation of a revocable living trust, described in more detail below.
Power of Attorney Designations
A well-prepared estate plan also includes provisions for what will happen in the event you become physically or mentally incapacitated. The issue of incapacity is usually addressed by preparing the following estate planning documents:
- Durable Financial Power of Attorney: A durable financial power of attorney enables you to appoint someone to make financial decisions on your behalf if you become incapacitated.
- Durable Health Care Power of Attorney: This document allows you to appoint someone to make medical decisions on your behalf if you become incapacitated.
- Durable Mental Health Care Power of Attorney: This document allows you to appoint someone to make mental health care decisions on your behalf if you become incapacitated.
Seek an Experienced Tucson Real Estate Law Firm
Our experienced Tucson real estate contract attorneys can help you customize an estate plan to protect your assets, manage end-of-life decisions, and ensure that your family is provided for and taken care of. Contact the Law Office of Neff & Griffith, P.C. by e-mail, or call us at (866) 606-9740 to discuss your legal needs.
Serving clients throughout Southern Arizona
The Law Office of Neff & Griffith, P.C.
Phone: 520-722-8030, Fax: 520-722-8032
