Last Will and Testament
A Will is the traditional instrument to pass an estate at death. A will usually provides for the distribution of tangible personal property, a residual gift to one or more beneficiaries, names the parties responsible for your financial affairs after your death (the Personal Representative) and names guardians of your minor children. If assets subject to the will are in excess of the limits for a small estate, your personal representative will be required to open a probate to administer your estate.
Trusts have become the substitute for wills in most instances as it covers more situations. A fully funded revocable trust will avoid probate upon death or disability and offer a wide range of estate tax benefits.
If you are interested in creating a will, please contact us at (480) 281-1512 or fill out the form to the right.