Estate Planning

Estate planning near Phoenix, AZ, offers numerous benefits, including the ability to coordinate generational wealth transfer within families to create future financial opportunities. Estate planning is also an essential tool to assure that your decisions regarding your assets are detailed and respected upon your passing.

As such, understanding how to engage in effective estate planning and best practices for incorporating family members into this process is crucial for a successful result.

What is Estate Planning?

Estate planning is the process of making decisions about your estate. It incorporates specific documentation that details how you would like your assets to be properly distributed upon your passing.

One of the most common misconceptions about this process is that it is only for the wealthy. Anyone who has assets should engage in estate planning. This includes homeowners, those with financial accounts of any kind, and families that include young children.