{"id":937,"date":"2017-12-04T19:17:55","date_gmt":"2017-12-04T19:17:55","guid":{"rendered":"https:\/\/www.jacksonwhitelaw.com\/arizona-estate-planning\/?page_id=937"},"modified":"2024-02-18T23:26:07","modified_gmt":"2024-02-18T23:26:07","slug":"estate-planning-101","status":"publish","type":"post","link":"https:\/\/www.jacksonwhitelaw.com\/arizona-estate-planning\/blog\/estate-planning-101\/","title":{"rendered":"Estate Planning Basics"},"content":{"rendered":"

Introduction<\/h2>\n

Have you created your estate plan? Don\u2019t overlook your assets by mistakenly believing you don\u2019t have an estate. If you have something you value that you want someone else to have when you pass on or become incapacitated, that\u2019s part of it.<\/p>\n

A basic plan for your estate is one of the most important financial documents you can have. And if you don\u2019t write it yourself, the state will do it for you and you probably won\u2019t approve of what they choose. After all, the state is not you, and doesn\u2019t know what you\u2019d prefer to have done with your assets. Not to mention that when the court handles your estate plan<\/a>, it usually gets very expensive and complicated for your family members.<\/p>\n

Generally speaking, your estate plan will encompass how your estate is accumulated, conserved, and distributed. It will also state what should happen to you and who should handle matters should you suffer a serious injury or illness.<\/p>\n

A quality plan drafted by a professional estate planning attorney will maintain and enhance your financial security and the security of your family.<\/p>\n

What Your Estate Plan Must Have<\/h2>\n

In order to reach your goals in estate planning, you\u2019ll require certain documents. It also helps to have at least a basic understanding of why you need them and how they work. Generally, this will include:<\/p>\n