Joan's Corner - December Newsletter
Good morning -- The December ..keeping you informed Newsletter is included in this email. Keeping with the 'nostalgic Christmas' also included is a look back a...
Estate planning isn't about how much money you have, it's about protecting what you have for you, during your lifetime and those you love after you're gone. It ensures what you have gets to the people you love, the way you want, when you want.
Estate planning might sound like something that’s just for wealthy people with huge beach houses and billions in the bank. But the truth is that estate planning is something we all need to think about.
No matter how large or small your net worth, estate planning is a process that ensures your assets are handed down the way you wish after you pass away.
NOTE: Article provided by Forbes to attract clients for its financial entities.
According to a recent survey, 64 percent of Americans have not made a will.
The phrase "estate planning" may sound like an exercise for the very rich, but thanks to the complicated nature of the U.S. legal system, even people with modest assets need a written document, or will, that specifies how those assets will be distributed upon their death. Yet according to a recent survey by the Harris Poll, 64 percent of Americans have not made a will.
The top reason cited? They "haven't gotten around to it yet." They also fear it will be difficult and expensive, says Lisa Honey, director of product marketing for Rocket Lawyer, the online legal resource that commissioned the survey. Then there's the simple fact that, as Honey puts it, "people don't want to think about death."
Document Services and Estate Planning Solutions
"No one is promised tomorrow...
You are taking the first steps to get this process under way. Many individuals, families and business owners procrastinate this very important area of planning. We are humans and have the gift of optimism....Floating down the River of Denial. The common thing we hear when someone speaks with us is "I know we need this done"...and when it's complete, "I feel so much better". None of us are promised tomorrow. You will be surprised how easy the process is after it's complete. Most of our customers are pleasantly surprised that the cost are much lower than they imagined. Don't let the perceived high cost or lack of time get in your way of planning. I assure you that not planning cost much more time and money than just getting it done."
For more information check their website.
Premier Estate Planning, LLC is not a law firm and we do not give legal advice. We are a legal document preparer company. No information contained on this website should be construed as legal advice or the practice of law. If you have questions or concerns that require professional legal advice, you should consult an attorney. Premier is under AZCDLP #81648."
What Is Estate Planning?
It is preparing for what happens to your assets before and after you pass away. It involves deciding who manages your properties while you are alive and to whom you pass them on after your death.
The goal of an estate plan is to ensure that your wishes are carried out, and your loved ones are well taken care of after you’re gone. It can also include making arrangements for healthcare and end-of-life decisions.
There are various estate planning tools that you can use to protect your loved ones and prepare for various situations in the future.
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Living Revocable Trust - Avoid probate by executing a revocable trust together with a pour-over will.
Simple Will - Ensure your assets are distributed exactly as you desire by executing a valid will.
A handwritten document found in the late singer’s couch is ruled valid
"Singer Aretha Franklin taught her fans about respect, pride and gospel during her long career. Five years after her death, she’s giving us all a lesson about how to provide for our heirs — and how not to."
Insight into end-of-life estate issues that can arise even with celebrities when estate planning steps are missed or surprises occur. An interesting read and reminder. A July 2023, article from AARP.
Protection and peace of mind all in one plan
Provide for your loved ones with an estate plan complete with advice from our network of attorneys from every state.
DIY package from Legal Zoom.
"Experienced Estate Planning in Arizona
Although planning for the future is one of the most important things you can do, knowing which direction to take is not always easy. Count on the Arizona estate planning team at JacksonWhite to provide you with the individualized attention and in-depth instruction you need.
Our estate planning team can help you design an estate plan to preserve and protect your assets as well as your personal wishes, before a crisis occurs.
Elder law attorneys.
Call us today at (480) 374-4517 to see how we can help with your legal needs."
For more information on all their services please check their website.
5 estate planning documents that Suze Orman recommends for every family presented by AARP.
TRUST-BASED ESTATE PLAN
from Trust & Will
Create a Living Trust online that covers everything.
Customized, state-specific Trusts for $599, or $699 for couples. Payment plans available at checkout.
"And 7 ways to make things easier for yours."
Have you found an executor (also known as a personal representative) to handle your affairs should you become incapacitated or die?
"Planning for death-related events isn’t fun, so you may be procrastinating. Or you may be unclear about what’s involved — what you’ll be asking the person to do. Your executor must possess the stamina, patience and persistence required to get the job done. If not, the process may become very difficult, if not impossible, to complete when the time comes."
To learn more, check this link to this August 2023 AARP article.
Certified Legal Document Preparer
Ask our Certified Legal Document Preparer all your Estate and ALTCS Planning Questions.
"Why Choose Cecilia Dabbs and Legal Document Solutions?
Even though Cecilia Dabbs can prepare all types of legal documents, she focuses on two areas. These are Estate Planning and Medicaid Planning.
She has prepared 1000’s of Revocable and Irrevocable Trusts, Wills, and Power of Attorneys since she became a Legal Document Preparer Phoenix AZ in 2005.
She subscribes to the same document preparation software that many attorneys do, so your document will be the exactly same document that you would receive from an attorney at a fraction of the cost.
Cecilia Dabbs is also a Certified Medicaid Planner or CMP and has practical working knowledge of Arizona Medicaid or ALTCS, which stands for the Arizona Long-Term Care System. She is able to prepare the Arizona Miller Trust or Income Only Trust when needed.
She is fluent in Spanish, so if your senior age parents came to America when you were very young or not born yet, she can help explain the different legal documents to your Spanish speaking loved ones so they will fully understand the reasons to have them in place."
Check the website for more information.
What are the Roles of Legal Document Preparers in Arizona?
"Legal document preparers in Arizona offer several services to individuals or entities who are engaged in a legal matter while representing themselves in a court of law. However, it is important to understand that AZCLDPs are neither attorneys nor lawyers, and they do not employ attorneys to work for them. AZCLDPs are barred from giving legal opinions, advice, or warrants when it comes to the outcome of a case, but communication with the preparers is still highly confidential, just like any other legal matter.
AZCLDPS practitioners can only offer facts and information regarding legal procedures and the rights entitled to a person or a group. Legal Document Preparers in Arizona are not allowed to make judgments or give their insights. They may just inform on statutes regarding an issue in question."
"At AVID Estates, we are dedicated to assisting families in the Phoenix, Gilbert, Chandler, Mesa, and Queen Creek regions with their estate planning requirements. Our legal team has firsthand knowledge of the significance of estate planning and the consequences of neglecting it. We utilize this knowledge to provide our clients with Practical Estate Plans that are tailored to their specific needs and designed to operate effectively in the real world, rather than just in legal theory. Let us assist you in safeguarding your assets and planning for your family’s future.
Their services include all-inclusive packages that encompass all the necessary documents for your family’s estate plan to meet your goals and desires.
Wills are an excellent tool for designating guardians for your children and specifying your final requests. For families opting for a Revocable Living Trust to prevent Probate, we also offer Pour-Over Wills.
Living Trusts are ideal for those who desire to avoid the probate court process after their passing, Revocable Living Trusts provide exceptional privacy protection, safeguard your family in case of incapacity, and ensure swift and effortless property transfer during emergencies.
Additionally, we provide Irrevocable Trusts for clients seeking asset protection planning.
We also provide you with all the necessary supplementary documents that your family may need. These include a Medical Power of Attorney, a Durable or Springing Power of Attorney, a Living Will, and a Property Memorandum.
Planning for Your Children
We take the utmost care when it comes to your children and leave no room for shortcuts!
Our estate plans comprise the necessary legal documentation to designate both long-term and short-term guardians for your children, as well as healthcare power of attorney.
Planning for Your Pets
For many of us, our pets are akin to our children. They offer unconditional love and rely on us for their wellbeing.
However, what happens to them when we can no longer provide care? Sadly, many pets end up in shelters or are put down following the owners passing or incapacitation.
We offer solutions to address this issue and help you plan for your pet’s future. We can assist you in creating a pet trust that ensures your beloved pet is provided for even after you are gone.
See their website to review all of their services and estate planning solutions.
Arizona's Low-Cost Legal Services Provider
"Our team of legal professionals is committed to excellence. We specialize in fulfilling the needs of the community at an affordable cost. Our offices are conveniently located in the cities of Maricopa and Casa Grande; however, we do provide services throughout the state of Arizona."
Please note: a legal document preparer is not a lawyer, is not employed by a lawyer, and cannot give legal advice. Communications with a legal document preparer are confidential, but they are not privileged.
©2017 by Glover Court Solutions & Estate Planning.
"Although making a will might seem like a big task—it isn't. A will is simple and straightforward, and something that everyone should have. Yet, many people don't. And why not? Read on for the 10 most common excuses along with some commonsense tips to help overcome them."
"This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of the author, not LegalZoom, and have not been evaluated by LegalZoom for accuracy, completeness, or changes in the law."
This May 2023 article from Legal Zoom addresses some of the common excuses given for not completing a will AND how to overcome them.
Article written by Heleigh Bostwick for Legal Zoom. Check this link for the full article.
Although estate planning can be a complex task, a well-informed plan can make a big difference in what is left for your loved ones.
Before you begin to take action on your estate plan, it's important to understand the key topics that may arise as you address your specific needs.
Fidelity has provided this article as an incentive for its financial planning services.
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"Although it may seem like an exercise reserved for people who are older, or extremely wealthy, estate planning is a critical component of everyone’s overall financial plan. Planning ahead allows you to make your wishes clear regarding who will inherit your assets and under what circumstances."
"In this guide, we’ll outline the basics of estate planning so you can come away with a more focused picture of what you want your plan to look like. If you have a complex estate, you should consider additional planning beyond what is discussed in this guide."
Use this website to review T. Rowe Price's Guide to Estate Planning.
Although this website is provided by T. Rowe Price it is a great comprehensive resource to start to learning more about what estate planning actually entails. A great way of educating yourself BEFORE consulting a professional.
At A.A. Raymond Law, we handle wills, trusts, and estate planning solutions to help you take care of your family. Our goal is to help families plan now to avoid complications of legal issues in the future. Getting married, having kids, illnesses are all parts of life, but they can have an effect on your long term estate planning. That's why we are here to assist with comprehensive estate planning services. If you're in need of a lawyer that can help you create or adjust your will to reflect your current situation, then contact A.A. Raymond Law today.
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A.A. Raymond Law is a local Maricopa law firm.
This site is owned and managed by Ron Smith