Our services
Ensure your wishes are carried out and protect your loved ones. With the right support, it can be a seamless process
Planning for the future is an important part of life, and estate planning is a fundamental yet often overlooked aspect. Crafting a well-thought-out estate plan is not just for the elderly or the wealthy. Regardless of your age or health situation, estate and tax attorney services can help put a comprehensive estate plan in place. It will determine how your assets will be managed, preserved, and distributed during a time of incapacity or upon your passing, ensuring your loved ones are taken care of.
Estate planning services
At N. Davis Law, LLC, we provide estate planning in Arizona, offering a wide range of legal services to suit your personal circumstances. We work closely with you to fulfill your specific wishes, ensuring your estate is handled professionally and compassionately.
From succession planning services that safeguard your legacy and protect your business assets to financial and medical powers of attorney and advanced tax planning strategies that ensure your wishes are carried out, we will guide you through the process and tailor a strategy to your specific needs and wishes.
How we work
Identifying your assets
Estate planning begins with taking stock of your assets: real estate, bank accounts, investments, retirement accounts, business interests, and personal belongings. With this comprehensive list and estimated values, our team helps pinpoint the best strategy to achieve your succession goals
Beneficiary designations
We'll help you identify the individuals or organizations inheriting your assets. This includes your spouse, children, grandchildren, charities, and any others you choose. Regularly updating your beneficiaries ensures your estate is distributed accurately, preventing confusion and conflict
Choosing an executor
We help you appoint a trusted executor – someone who will be responsible for carrying out your wishes as outlined in your will and undertaking the responsibilities
associated with settling your estate after
you’ve passed.
Creating a will
Your will is fundamental to estate planning, outlining asset distribution after death. We help implement your plan, including guardianship for minors. A pour-over will allows assets to transfer to your trust, allowing the trustee to administer your estate
Living wills and POAs
Create a living will and appoint a healthcare power of attorney (POA). We'll help you outline your medical preferences and designate someone to make decisions if you cannot. This is crucial for adults, as your children need their own POA when they reach legal age.
Trusts
A trust is a powerful tool in estate planning allowing you to manage and distribute your assets according to your specifications. We will explain the various types of trusts, such as revocable living trusts, irrevocable trusts and testamentary trusts, recommending the right ones for your circumstances.
Plan for your future
Despite the importance of estate planning, you might face challenges that prevent you from taking the necessary steps. These can include procrastination due to the idea of contemplating your mortality, hesitation due to the legal complexities, or the misconception that estate planning is only for the wealthy. We can help you overcome these challenges with sensitivity and professionalism, tailoring your plan to your needs.
Embarking on the journey of estate planning is a responsible and empowering step toward securing your financial legacy and providing for your loved ones. And as your estate planning attorneys, at N. Davis Law, LLC, we help you find peace of mind and create a legacy that endures through generations.
The benefits of estate planning
Peace of mind
Knowing that your assets are organized, your beneficiaries are identified, and your wishes are documented can alleviate stress and uncertainty. Considering options such as long-term care insurance is also one of the best choices a parent can make for their family within the estate plan.
Family harmony
Clear communication and well-defined estate plans contribute to family harmony. Explicit instructions and transparent discussions about your intentions help prevent conflicts among family members, ensuring a smoother transition of assets.
Asset protection
Estate planning allows you to implement strategies to protect your assets from potential creditors and legal challenges. Trusts, in particular, can offer a layer of protection for certain assets, ensuring they are distributed according to your wishes.
Tax efficiency
Strategies such as gifting, establishing trusts, leveraging tax exemptions, and purchasing life insurance in an Irrevocable Life Insurance Trust (ILIT), can optimize the distribution of assets and reduce the impact of estate taxes.
Preservation of family values
Estate planning provides an opportunity to pass on family values, traditions, and legacies. Personal messages, ethical guidelines, and intentions for charitable giving in your plan ensure that your values endure through generations.
Care for minor children
For parents with minor children, estate planning is crucial for appointing guardianship. Clearly outlining your preferences for the care of your children in the event of your passing ensures their well-being and aligns with your values.
Reviewing, updating estate plans
Life is dynamic, so we offer comprehensive reviews of your estate plan to ensure it aligns with your current intentions. We'll guide you through significant life changes and help review your retirement accounts and beneficiary designations.
Tax planning
Estate planning involves transferring assets with varying tax implications. We collaborate with your financial advisor, CPA, and other attorneys
(if applicable) to develop the best tax
strategy for your estate, minimizing your tax burden
Communication
While estate planning is a personal matter, open communication with your loved ones is key. Once we have established a plan for your estate, we help you communicate your wishes to preserve harmony and prevent misunderstandings and potential conflicts in the future.