What is Estate Planning?
Estate Planning is planning for the future to protect yourself and the people you care about by providing them with guidance regarding your wishes for your health, your property and assets, your children and pets, by giving them the tools the need to handle these matters.
Who needs Estate Planning?
Everyone – it is never too early or too late to have an estate plan, but we are really concerned with helping:
- Parents with young children who have recently purchased their first home;
- Couples who recently married and each have children from prior relationships;
- Couples who live together but don’t anticipate getting married;
- LGBT couples;
- People who have not looked at their estate plan in a few years (or decades).
Do I have to be rich to have an estate plan?
Define rich. Money is great, but if you have children and people you love, you are rich in a different way and those relationships are assets that need to be protected too. The people who love and care about you need to know what to do in the event something happens to you- like what happens to your kids, the money in your bank account, or the things in your home. You cannot assume people know what you want- important questions like do you want your remains to be donated to science or do you want to be cremated or buried, are important decisions that you should provide some guidance about. An Estate Plan is a book of answers for your family – they don’t have to guess or fight about what you may want because they will know.
How often do I have to revise my estate plan?
Like any plan, it changes when your life changes. You should think about revising your plan when:
- You get married;
- You get divorced;
- You have children;
- Your children become adults;
- Your children get married;
- Your children have children;
- Your children get divorced,
- Your income/assets change dramatically;
- A close family member dies, or death of a beneficiary;
- Before major travel plans;
- Before major surgeries;
- Every 5 years is the general rule.
The list goes on, but over planning and continuous changes to your estate plan are not necessary. An Estate Plan should be flexible and practical for you, so don’t panic – consultations are for answering these types of questions.
What is included in an Estate Plan?
Every law firm does it a little differently but we include:
- Revocable Trust
- Durable Healthcare Power of Attorney aka Living Will aka Healthcare Directives
- Durable Financial Power of Attorney
- Beneficiary Deeds for real estate
- Other documentation necessary to fund the Trust
How much does it cost?
Our pricing is $1,800 for an individual or $2,400 for a couple. We also offer a payment plan to fit your budget. If you have ARAG Legal Services or Hyatt Legal Services your estate planning needs are probably covered at $0 cost to you.
How do I get started?
Call us to schedule a consultation at 480-907-6088 or you can click on the “Estate Planning” photo and book your own appointment, it’s only $25.