What is Estate Planning

Estate planning is a general term for written instructions that you establish during your lifetime, while you have capacity, that answer the following questions:

  • Who will make health care and financial decisions for me if I become incapacitated?
  • What will happen to my property, accounts and possessions I own when I die?
  • Who will be in charge of ensuring that my burial wishes are followed?
  • If my children lose both of their parents while they are minors, who will have priority to care for them?
  • What health care decisions do I want to be made if I am unable to participate in the decision?
  • How can I minimize court involvement, tax and stress after I have passed away?
  • If my child or grandchild receives public benefits, how can I make sure that a gift at my death will not affect their benefits?

Emily R. Taylor, Esq.
Emily R. Taylor, Attorney PLLC
Scottsdale, Arizona

What is Estate Planning was last modified: April 30th, 2018 by Phil Sanders