Estate Planning And Asset Protection
Estate planning may seem overly complex and unnecessary for those who feel that they do not have the finances or assets to justify a will. However, at the Maricopa County law office of Donaldson Stewart, P.C., in Chandler, Arizona, we encourage our clients to think of their future and the future of their family members in creating a legal last will and testament.
Creating a will is the simplest form of estate planning. Essentially, you tell the court in writing, with certain formalities, how you want your assets distributed and who will be responsible for the distribution. A will also tells the court who you want to be named as the guardian of your minor children.
Helping Clients Draft Their Wills
At Donaldson Stewart, P.C., we help our clients draft their wills. Wills are not just about “who gets what.” Minor children need to be cared for should something happen to you. Your will can designate a guardian for your child or even a beloved pet.
Perhaps the most important aspect of your will is selecting the person responsible for administering your estate. That trusted individual, known as a personal representative, will respect your wishes when speaking for you.
The Purpose And Benefit Of Pour-Over Wills
If you have created a living trust, a pour-over will ensures that any property not funded to the trust at the time of your death will be placed into that trust upon your death through the probate process. The purpose of the pour-over will is to instruct the court that you have assets that need to be put into a trust. From there, your selected trustee has the distribution authority.
Contact An Experienced Wills Attorney Today
For more information or to schedule an appointment with an experienced lawyer regarding the drafting of a will for asset protection, please contact us.