What is an Estate Planning?

Christiansen Law, PLLC | About Estate Planning

What is an Estate Plan?

An estate plan is a collection of legal documents outlining how you want your affairs handled in case of incapacitation or death. It outlines how you want your possessions distributed when you die. However, it also consists of your wishes regarding how and who should make medical and financial decisions on your behalf in the event of incapacitation.

A comprehensive estate plan consists of several essential legal documents, we will help you draft these and other documents necessary for protecting your wealth and distributing it to your heirs or beneficiaries when you die.


The Benefits of having Estate Plan

Since death is inevitable, it is only natural to want to control how your hard-earned assets will be distributed or managed after your death or incapacitation. An estate plan gives you this control and a chance to protect your wealth for your family and other beneficiaries. Some of the major benefits of having an estate plan include:

  • It helps expedite probate

The court probate process that involves validating a deceased person’s will is usually long and costly. Understandably, it can overwhelm a family that is still mourning a loved one. However, an estate plan can simplify estate distribution by helping your family through probate after your death without confusion and delay.

  • It helps reduce estate taxes

An estate plan can also help you and your family reduce or even get rid of estate taxes. Through estate planning techniques like setting up Trusts, a comprehensive estate plan ensures no unnecessary loss of your assets to the state or federal government in the form of taxes.

  • It protects your assets and beneficiaries

A comprehensive estate plan can help you secure your assets and protect your family or beneficiaries from lawsuits, bad decisions, creditors, and other uncertain circumstances, including divorce. For instance, an estate plan can help you protect your children and their inheritance by appointing a guardian to care for them if you die or become incapacitated.

Additionally, an estate plan can help preserve your wealth for your family and beneficiaries by protecting it against creditor problems and other law-related liabilities. An estate plan also ensures that an irresponsible heir or beneficiary does not mismanage their inheritance.

By outlining how your affairs should be handled when you die or become incapacitated, an estate plan also helps avoid unnecessary family conflicts, including costly court battles for inheritance. Essentially, an estate plan helps keep the family together even after your death.

Get Help Today – Flagstaff’s Top Family and Estate Lawyer

Consult Flagstaff's Best Estate Planning Lawyer

Considering how legal and non-legal conflicts over property can easily break a family, having an estate plan is one of the best gifts you can leave to your family when you die. An estate plan also helps your family expedite probate, reduce taxes, among other benefits. If you are estate planning in Flagstaff, AZ, we are here for you. At Christiansen Law, PLLC, we will help you create a comprehensive estate plan that protects your family and assets in the event of your death or incapacitation. With our broad experience and skills, we are committed to help you protect your legacy and achieve your estate planning goals. Contact us today to learn more about our services or schedule a visit.