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480-655-7440

Mesa Arizona Estate Planning Attorney
  • 1930 North Arboleda, Suite 201
    Mesa, AZ 85213
    480-655-7440
    40 N. Central Avenue, Suite 1400
    Phoenix, AZ 85004

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    Planning for the Future with Gunderson Denton

    The 4 Estate Planning Documents Everyone Needs

    The 4 Estate Planning Documents Everyone Needs, by Brent Gunderson with Gunderson, Denton, & Perterson
    There are many different documents that can go into an estate plan. However, not everyone will require a complex estate plan that uses many of those documents. There are 4 planning documents that everyone should have though: a will, a durable power of attorney, an advance medical directive and a revocable trust.

    Will

    A will is the document that allows you to state who will receive your property upon your death. You can use your will to appoint someone to represent your estate, and that person will be responsible for distributing your assets. With a will, your remaining assets will go through the court system, which will decide who gets what.

    A will also dictates who will care for your children if you pass away when they are still minors. It can assure that they are raised by the person or people of your choice, and help avoid any conflict between your family members.

    Durable Power of Attorney

    This document will allow your family members to use your finances to care for you if you should become incapacitated. If you are medically incapacitated, your family will face many health care bills, in addition to your own bills. With this document, you allow your family to write checks on your behalf and take care of your finances for you.

    Advance Medical Directive: Medical Power of Attorney

    An advance medical directive states your medical wishes in the even that you are not able to state them yourself. It also appoints a person to make medical decisions on your behalf, and includes a healthcare power of attorney and a living will.

    In your living will you can express your wishes regarding life support or other life sustaining measures. It lets people know you wishes, but does not let anyone speak for you. The healthcare Power of Attorney does designate someone to make medical decisions on your behalf.

    Revocable Trust

    A revocable trust allows you to provide continued management for your finances during your lifetime, upon your death or even for your beneficiaries. A revocable trust lets your assets avoid probate and reduces the chances that your personal information will become public. There are 3 main components to a revocable trust: a grantor who creates the trust and provides the assets for it, the beneficiary(ies) who receives the assets and a trustee who manages the assets.

    Not everyone requires a very complicated estate plan. However, there are 4 estate planning documents that everyone should have. If you need help writing your estate plan or need help with any of these 4 types of documents, please give us a call.

    Author Brent GundersonPosted by

    Mesa Location:
    1930 N. Arboleda, Suite 201
    Mesa, Arizona 85213

    Office: 480-655-7440
    Fax: 480-655-7099
    Email: contact@gundersondenton.com
    Website:

    Phoenix Office:
    40 N. Central Avenue, Suite 1400-1532
    Phoenix, AZ 85004
    Phone: 480-325-9937
    Website: http://gundersondenton.com/phoenix

    Lawyers for estate planning and immigration in Mesa, Arizona

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    Estate Planning
    Professionals

  • Mesa Arizona Estate Planning Lawyer Brent Gunderson
    Debbie Mitchell, estate planning paralegal at Gunderson Denton
    Paralegal For Estate Planning Lindsey Rice
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    Additional Estate Planning Resources

    irs.gov - Estate Planning Info For Small Business And Self Employed Individuals

    irs.gov - Estate And Gift Taxes

    Estate Planning Resources And Tools From The Wealth Counsel

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    contact@gundersondenton.com
    1930 North Arboleda, Suite 201
    Mesa, AZ 85213
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