Scottsdale Estate Planning Attorneys for All Your Succession Needs
Secure Your Legacy With A Scottsdale Estate Planning Attorney
Planning for your and your loved ones’ future often brings peace of mind. Our experienced estate planning attorneys at Bar Law will guide you through the various tools and mechanisms available to achieve your succession objectives.
We will advise you on the best ways to utilize these tools to set up your estate plan, ensuring your wishes are respected and your loved ones are protected throughout the process.
Secure Your Legacy with Bar Law’s Creative Succession Solutions.
Living trusts, also known as revocable or inter-vivos trusts, are among the most effective and flexible tools for succession planning. They enable the management and distribution of your assets during your lifetime and after your death, in accordance with your predefined conditions and instructions. Revocable trusts facilitate a seamless transition in estate management and bypass the probate process, saving your successors the time, costs, and hassle associated with court proceedings. At Bar Law’s Scottsdale office, our expert estate planning attorneys assist clients in creating these trusts and providing proper instructions for the management of their estates both during their lives and afterward.
The Last Will & Testament is the most common and straightforward succession planning document. Without any succession planning documents, your estate may be subject to Arizona’s default intestacy statutes, which, in rare cases, could result in your estate passing to the state. Therefore, our estate planning attorneys at Bar Law strongly recommend that you, at a minimum, execute a legally valid Last Will & Testament. This document allows you to designate:
- The individual responsible for probating your estate
- The beneficiaries of your estate and their corresponding shares
- A guardian for your minor children
A Durable Financial Power of Attorney is a crucial estate planning instrument for instances of incapacity. To ensure the seamless management of your financial affairs when you are unable to make decisions, our estate planning lawyers in Scottsdale strongly advise incorporating this tool into every estate plan. A Durable Financial Power of Attorney allows you to designate:
- A trusted agent to act on your behalf in the event of incapacity
- Alternative agents and the order in which they are to serve
- The specific authority granted to the agent
- The circumstances that would trigger the agent’s authority to act on your behalf
A Healthcare Power of Attorney is a vital estate planning instrument for situations of incapacity. It enables you to designate a trusted individual to make healthcare decisions on your behalf if you are unable to do so yourself, and to provide specific guidance and instructions regarding those decisions while you are still capable. This document can save your loved ones the time, expense, and hassle of obtaining conservatorship when timely decisions are crucial. Our Scottsdale estate planning attorneys strongly recommend including a Healthcare Power of Attorney in most, if not all, estate plans. A Healthcare Power of Attorney allows you to designate:
- A trusted agent to act on your behalf in the event of your incapacity
- Alternative agents and the order in which they are serve
- The specific authority granted to the agent(s)
- Specific healthcare decisions you wish to make yourself about potential health-related conditions
- The circumstances that would trigger the agents’ authority to act on your behalf
A Mental Healthcare Power of Attorney is a vital estate planning instrument for situations of incapacity. It enables you to designate a trusted individual to make mental healthcare decisions on your behalf if you are unable to do so yourself, and to provide specific guidance and instructions regarding those decisions while you are still capable. This document can save your loved ones the time, expense, and hassle of obtaining conservatorship when timely decisions are crucial. A Healthcare Power of Attorney allows you to designate:
- A trusted agent to act on your behalf in the event of your incapacity
- Alternative agents and the order in which they are serve
- The specific authority granted to the agent(s)
- Specific healthcare decisions you wish to make yourself about potential health-related conditions
- The circumstances that would trigger the agents’ authority to act on your behalf
Healthcare Directives, also known as Living Wills, allow you to make specific decisions about healthcare treatments under possible scenarios of incapacity and terminal illness. They serve as a guide for your loved ones and healthcare providers, ensuring your wishes regarding life-sustaining treatments are respected and sparing your loved ones the agony of making such decisions at a highly emotional times. In executing a Living Will, you can make decisions about a potential terminal condition, such as whether you wish:
- For your life to be prolonged by receiving life-sustaining treatment
- To receive comfort care only
- To be resuscitated
- To be administered foods and fluids
- To be taken to a hospital if it is at all avoidable
- To receive treatment until your medical condition is reasonably known
- To direct to prolong your life in any event
A HIPAA waiver is a legal document that allows designated individuals or entities to access a person’s protected health information (PHI) under the Health Insurance Portability and Accountability Act (HIPAA). This waiver permits healthcare providers to share specific medical information with the named individuals, typically family members, caregivers, or legal representatives, ensuring they can make informed decisions regarding the person’s healthcare. The waiver specifies what information can be disclosed and to whom, maintaining the patient’s privacy while facilitating necessary communication.
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