If you want to choose how your assets will be distributed after your death, you should have a will or a trust. If you don’t, the State of Arizona has a basic plan in place for probating the estates of people who die without a will, which is set forth in the laws of Arizona – the Arizona Revised Statutes. Those laws deal with “intestate succession”. If you have a will or trust at the time of your death, you can choose who will be in charge and who gets what from your estate. Also, if you have children who are minors at the time of your death, you can select who will take care of them and put their inheritance into a protected trust. This is important if both parents die together. In general, it’s a good idea for you to make a will or create a trust to address these contingencies. We will analyze your needs during our first consultation.
Posted on: Tue, 07 Oct 2014 20:19:06 +0000
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