Scottsdale Arizona Estate Planning Attorney
Scottsdale is located within Maricopa County in the Salt River Valley and is considered a part of "The Valley of the Sun." Scottsdale's population has risen to over 217,385 people according to the 2010 Census. Scottsdale's year-round warm weather and sunshine accounts for its large tourism appeal. In fact, Scottsdale was voted the third city in the nation having the most AAA Five-Diamond resorts only after Las Vegas and New York. While the economic base is mostly made up of hospitality and tourism, there are also several corporate headquarters that call Scottsdale home including: Scottsdale Healthcare, Vanguard, Motorola, and Mayo Clinic.
What you Need to Know About Estate Planning
The most difficult part of estate planning is the subject. People tend to avoid the morbid but inevitable question - What will happen when I die? But those who attack the difficult question find a sense of relief knowing there is a plan when they are gone. That's why choosing the right attorney is a must! The Scottsdale Estate Planning Lawyers at Platt & Westby, P.C., have been working with individuals for nearly 40 years to formulate a plan fitting their individual needs.
Generally, estate planning is to ensure you and your families' financial goals are met after you pass away. Most people don't realize, but no matter your net worth it is important to have a basic plan in place. There are several parts that go into what is termed "Estate Planning." They include: a will, a trust (if your assets require one), assignment of a power of attorney, and a living will or medical power of attorney.
The golden rule is everybody needs a will. Dying without a will, or "intestate" leaves you no control or say over the distribution of your assets and could be very costly to your heirs. A will puts the world on notice as to what your individual wishes are for your assets when you die. A will is also where you want to name guardians for your children. In addition, depending on your personalized estate plan, a trust may be a good mechanism to protect your assets from creditors and lawsuits while placing conditions on the distribution of your assets. With all of these personal "wishes" floating around, it is also important to discuss your estate plans with your descendants so there is no confusion upon your death. A good estate plan protects you, your assets and your beneficiaries from each other. Let our experienced and skilled Attorneys analyze your personal financial needs and formulate a plan for you.
Platt & Westby, P.C. is located in the heart of Phoenix at the corner of 7th Avenue and Thomas Road. Also available are convenient valley locations in Goodyear, Glendale and Gilbert as well. Call today for a free and confidential appointment to discuss your future plans.