Mesa, AZ 85213
Phoenix, AZ 85004
Gunderson, Denton And Peterson Office Locations
View View Gunderson, Denton And Peterson Locations in a larger map
Planning for the Future with Gunderson Denton
The 4 Estate Planning Documents Everyone Needs
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.
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.
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.
40 N. Central Avenue, Suite 1400-1532
Phoenix, AZ 85004
GDP Estate Planning Blog
Arizona Business Law
Arizona Business Lawyers
Link about our Arizona Business Lawyers.
Arizona Collections Law
Arizona Collections Lawyer
This link talks about our collection lawyers in Arizona.
Arizona Employment Law
Arizona Employment Lawyer
This link is about our employment lawyers in Arizona.
Arizona Estate Planning
Arizona Estate Planning Lawyer
This link is about our estate planning lawyers in Mesa Arizona.
- Mesa Estate Planning Attorney
This link talks about our estate planning lawyers in Mesa Arizona.
Arizona Franchise Law
Arizona Franchise Attorney
This link is about our Arizona Franchise Attorneys.
Arizona Immigration Law
Arizona Immigration Attorney
This link is about our immigration attorneys in Mesa Arizona.
- Arizona Visa Lawyer
This link is regarding our Arizona Visa Lawyers.
- EB-5 Immigration Visa
This page talks about EB-5 immigration visas.
- Investor Visa
This page talks about investor visas by our immigration lawyers in Mesa.
- Mesa Arizona Immigration Lawyer
This link is regarding our immigration attorneys in Mesa.
Arizona Litigation Matters
- Arizona litigation lawyers
This link is about our litigation lawyers in Mesa Arizona.
- Mesa Litigation Attorney
This link talks about out litigation lawyer in Mesa Arizona.
Arizona Probate Law
Arizona Probate Lawyers
This link is about our Arizona probate lawyers.
Arizona Real Estate Law
Arizona Real Estate Lawyers
This link is about our real estate lawyers in Mesa Arizona.
- Phoenix Real Estate Lawyer
This link is about our knowledgeable real estate attorneys in Phoenix, Arizona.
Mesa, AZ 85213