Phoenix Estate Planning Lawyers
Creating a comprehensive plan for your future can protect your wealth and give you peace of mind, knowing all of your wishes will be followed after you’re gone. If you’re looking for an estate planning attorney in Phoenix who listens to your wishes and makes estate planning a stress-free process, you’ve come to the right place. At Kadish Associates Law Group, we represent a wide range of estate planning clients throughout Phoenix and the state of Arizona.
It’s never too early to begin estate planning. Whether you’re a young individual starting from scratch, a family who needs to edit their documents, or a company requiring business succession planning, we can help. Contact Kadish Associates Law Group at 480-967-2688 or fill out our online form to schedule a consultation with our estate planning attorneys.
Why Choose Our Experienced Estate Planning Team at Kadish Associates Law Group
We understand that you have a number of estate planning law firms to choose from, though you must find one with experience and professionalism. With over 50 years of experience representing individuals, families, and businesses, we have the experience and qualifications to walk you through any complex estate planning process with ease.
Your estate plan should fit your needs. With our team, you can rely on compassionate, thorough, and professional legal support that explains your options to you in clear and concise language. Our attorneys help you make the right decisions for your family’s future.
The Importance of Estate Planning
Many people falsely assume that estate planning is only for the wealthy, that they only need to think about it after they retire, or that it only includes distributing assets after they pass. Estate planning is a blanket term for a wide number of legal actions that can protect you and your loved ones while you’re still alive and after you pass. With careful estate planning, you can address the following:
- Medical decision-making preferences if you become incapacitated
- Probate minimization or avoidance
- Asset distribution
- Tax issues
- Guardianship preferences for your children if you become incapacitated or pass away before your children turn 18
- Business successions
- And more
Offering Personal and Commercial Estate Planning in Phoenix
Our co-founder at Kadish Associates Law Group, Gene Kadish, is the former CEO of a construction company. His business background combined with our estate planning attorney gives our firm the knowledge and experience to handle complex commercial estate planning matters.
As a business owner, if you need legal support creating your personal and professional estate plans, our team can help you with both.
Our Probate and Trust Administration Services
When you need an estate planning attorney in Phoenix to handle all of your legal preferences, look no further than Kadish Associates Law Group. Probate and trust administration involves several different legal processes. Our team works with these documents on a regular basis and can advise you on all your options.
Drafting Wills and Trusts
Wills and trusts are typically the starting point for your estate plan. Many people create one or both of these legal instruments since they serve different purposes. While wills allocate your assets after you pass, trusts place a trustee in charge of your assets for distribution to to your beneficiaries after a set time.
The primary benefit of creating a trust along with a will is for your family to avoid probate after your passing. Trusts also provide improved privacy and potential tax benefits. You have quite a few options with trusts, including living, irrevocable, and testamentary.
Unlike wills, trusts require transferring ownership of assets into the trust. If you’re unsure which options are right for your estate plan, our team can help you decide the right choice based on your finances and preferences and assist in the asset transfer.
Navigating Arizona Probate Laws
Probate is a court process that occurs for the purpose of establishing that a will as a valid legally enforceable document.
For example, say you create a will (and no other estate planning documents) that transfers the title to your home and other assets to different family members after you pass. Once you pass, title to these items won’t immediately be transferred to your family. Instead, they’ll need to go through probate, which usually lasts around six months, to verify your will and your beneficiaries’ allocated rights to your assets.
Arizona laws generally require a probate court filing when the estate exceeds a value of $75,000 in other than real estate assets, or $100,000 in real estate assets. If your estate has asset values under these amounts, Arizona law provides for filing an affidavit with the Probate Court that avoids a full blown probate action, which our firm can assist with.
With proper estate planning, you can reduce or eliminate probate altogether to prevent your family members from going through expensive legal processes while grieving their loss. Probate court proceedings are also held in public, which your family may not desire. One of the primary ways to avoid probate is by creating a trust, which transfers ownership of your assets into a trust rather than being held by an individual.
Power of Attorney
A power of attorney (POA) allows you to authorize a designated person to make legal decisions on your behalf, typically regarding medical care and/or finances. The primary types of POAs we can help you create include the following:
- Durable power of attorney
- Limited or Special POA
- General POA
- Financial POA
- Healthcare POA
Each of the above includes varying levels of power. We can help you decide the right option for your wishes.
Arizona law provides for title to real estate held by one or more individuals to be transferred after their passing to a person or persons designated in a recorded Beneficiary Deed, which—similar to creating a trust—avoids probate. Our firm can assist with this inexpensive method of transferring real estate on your passing.
Life is unpredictable, so taking the right steps to plan for all unforeseen events can protect you and your loved ones. Common incapacity planning services include delegating guardianship of children under 18, setting healthcare directives, and designating a healthcare power of attorney. Our firm can walk you through your options so you can make the right choice for you and your family.
Estate Planning FAQs
What Is the Difference Between a Will and a Trust?
At What Age Should You Begin Estate Planning?
Does Arizona Require an Attorney for Estate Planning?
What Do Estate Planning Lawyers Do?
Contact an Experienced Phoenix Estate Planning Attorney Today
When you need a professional, thoughtful, and experienced estate planning attorney in Phoenix, look no further than Kadish Associates Law Group. With over 50 years of experience serving individual and commercial clients, we can help you create a comprehensive estate plan that covers all your bases.