Do you know who will inherit your assets if you die without a will or a trust? If you are married do you and your spouse know who will inherit your assets and your spouse’s assets when each of you dies?
The reason you must have a will or a trust is to insure that the right person or the right people inherit your assets. If you do not have a will or a trust then the law of the state of your residence at the time of death determines who inherits your assets rather than you. If your state of residence has an inheritance law (called the law of intestate succession) that gives your assets to anybody other than the person or people you want to receive the assets your loved ones will suffer, bear the economic loss of the assets and be angry at you.
You Must Know Who Will Inherit Your Assets if You Die
If you are a resident of Arizona you must do the following two tasks to learn who the State of Arizona will give your assets to if you die without a Will or a Trust:
- Read Who Gets My Property If I Die Without A Will Or Trust?
- Take my online quiz called Who Inherits My Assets
If anybody will inherit any of your property and you do not want that person to get your property YOU MUST SIGN A WILL OR A TRUST THAT NAMES THE PERSON OR PEOPLE YOU WANT TO INHERIT YOUR ASSETS. Adopt your estate plan and eliminate Arizona’s estate plan for your assets.
If you are a married Arizona resident and you or your spouse have children who are not children of both of you then I urge you to read the article because you will be surprised who will inherit some of your property if one or both of you were to die.
Our Two Estate Plans
Our two estate plans described in detail below give you the option to pick the plan that is best for you. Our estate plans are:
- Silver Estate Plan: $1,997 for a single person and $2,497 for a couple. This plan does not include a revocable living trust. To purchase the Silver estate plan complete our Silver Estate Plan questionnaire.
- Gold Estate Plan: $2,997 for a single person and $3,497 for a couple. This plan includes a revocable living trust that provides that the assets in your trust pass automatically on your death (or on the death of both spouses if you are married) to an irrevocable beneficiary controlled asset protected trust created for each of your heirs and their descendants. Your heirs inherited assets in their trusts will be protected for life from their creditors, ex-spouses and bankruptcy courts. Each heir's trust is also a "dynasty trust" that creates a trust for your heirs children on the heir's death. See "A Smart Option for Transferring Wealth Through Generations: The Dynasty Trust." If you bought our Gold LLC you get a $500 discount off the price of this estate plan. To purchase the Gold estate plan complete our Gold Estate Plan questionnaire.