As humans, we are the only species with an understanding of our eventual mortality. While this is something we all know, it can also be a difficult concept to wrestle with. But there is a distinct advantage to our understanding that we have a limited time on Earth: it gives us the opportunity to plan a legacy that will outlive us. It is not easy or pleasant to think about death and the possibility of disability in your later years, but it is important to plan ahead in order to ensure that you will be able to live out your years on your own terms, to take care of those you love, and to use the assets you’ve accumulated to provide for people and causes that are important to you. For these reasons alone, you will want to consult an experienced Sun City estate planning attorney.
Every individual, every family, and every estate is unique. And because your situation is unique, you will need an individualized plan for your later years and for the distribution of your estate. A Sun City estate planning lawyer will help you make the important decisions that will go into a comprehensive estate plan and draft all the documents that will make your wishes known and set those wishes in motion when the need arises. Your attorney will ask you important questions that you should consider, for example:
These are just a few of the questions that you might want to discuss with your Sun City estate planning attorney. Estate planning is very personal, so you will need to choose a lawyer whom you trust and are able to communicate with freely, even on difficult and delicate matters. Estate planning goes way beyond simple drafting documents; it frequently requires planning complex strategies to ensure that your loved ones will be protected and that your personal, financial, business, and health-related affairs will be handled according to your wishes during your lifetime and after you’re gone.
Your estate will be made up of everything you own, including real property, bank accounts, retirement funds, investments, pensions, jewelry and other personal property, debts owed to you, businesses you own, and more. You have the right to decide where your assets will go at the end of your life. If you don’t exercise this important right, you will lose control of your legacy and leave your estate’s distribution in the hands of the legal system and the government, and this may be done in ways that are contrary to what you would have wanted. So regardless of whether you’re old or young, married or single, a parent or childless, you need to have an estate plan.
At the Sun City, AZ, law firm of Gorman & Jones, PLC, we have an intricate and detailed understanding of the law as it pertains to wills and trusts and other matters affecting your estate and more than 25 years of combined experience in estate planning and elder law. We will guide you through the process of preparing a plan that will provide for those you love in the least complicated manner, avoid probate costs and federal estate taxes, minimize the risk of anyone contesting your wishes, and reduce the amount of time it takes for your assets to pass to your heirs.
We will also help you plan for the possibility that you become incapacitated, documenting your wishes regarding the type of health care you will receive and who will be responsible for making health care decisions for you, in keeping with those wishes. Additionally, we will help you plan for long-term care, should it become necessary, and if you have any minor children, we will assist you in appointing a guardian and/or conservator to ensure that they are cared for in the event of your incapacity or death. We will even include a plan for the care of your beloved pets. We understand that it is often difficult to contemplate these matters, but we also understand the peace of mind that comes with knowing that your wishes will be followed and your loved ones cared for.
At Gorman & Jones, PLC, a compassionate Sun City estate planning attorney will take the time to get to know you and to understand your wishes and what is important to you. He will then carefully review your finances, your family’s needs, and your desires, and guide you through the process of creating an individualized estate plan that is the best possible fit for you.
Some of the many tools in your plan may include:
Life is ever-changing; your circumstances, and thus your estate planning needs, may change, through marriage, divorce, childbirth, adoption, new interests and passions, and more. At Gorman & Jones, PLC, we are always there for you to make any adjustments that become necessary as your life circumstances evolve.
Regardless of your stage of life, you deserve the peace of mind that comes with knowing that your affairs are in order, that you have provided for every eventuality, and that your loved ones are protected. Don’t wait. The time to plan is now, while you are able to make these important decisions. Contact Gorman & Jones, PLC today and make an appointment to discuss your estate planning needs with our knowledgeable, experienced, and compassionate estate planning attorneys in Sun City, AZ.