The Right Choice
Estate planning refers to the process of figuring out the best way to pass your estate on to the people you want. Since there are so many laws that govern this, estate planning can be complicated at times. Many issues come to play such as taxes, wills, trusts, IRA's, real estate property, corporations, community property, annuities, etc.
Tucson Living Trusts
Living Trusts can also be used to maintain financial privacy. Unlike living trusts, wills have to be probated in a court. And these records are public. With Living Trusts, the transactions are private so long as they are not disputed and brought into a courtroom.
It is estimated that roughly 2/3 or 67% of all Americans do not have a will. As a result, the estates will certainly be given to certain individuals or even the government unintentionally. And those assets may be used for purposes completely out of scope with the intentions of the person who passed away. A properly executed will can ensure that the right people in your life will get the assets or funds in the way in which you specifically spell out in your will.
Call Tucson Estate Planning Attorney Today and just how important estate planning really is.