Last Will and Testament
A Last Will and Testament is a document that is created in preparation to death and acts as a distribution plan. The Last Will and Testament can nominate a Personal Representative (executor), nominate a Guardian for a minor or incapacitated adult as well as leave distribution instructions for assets subject to the Will. We can prepare a Will (Last Will and Testament) for you. We prepare the Will and provide the witnesses in addition to the notary. The client will receive the original signed will with three additional copies. We also retain a PDF copy in cloud storage.
Revocable Living Trusts
A Living Revocable Trust is used as an estate plan that establishes an instrument to hold, manage, and distribute your assets. Unlike a Will that directs the transfer of assets after you die, a Living Trust provides asset management during your lifetime and after your death. If properly created and maintained during the Trustee’s lifetime, a Trust will often avoid the need to open Probate. We can prepare the Trust as well as assist with the execution of the Trust. The Client will receive the original signed Trust after execution.
Wills Vs. Trust
A Living Revocable Trust is an estate planning entity that is created and managed during the Trustees lifetime. As asset is acquired, the Trustee will fund their Trust with such property.
Any assets held in Trust at the time of death of the Trustee will be transferred by the successor Trustee, avoiding Probate.
It’s usually recommended that you still have a pour-over Will to complement your living trust. A pour-over Will exists to transfer your assets that aren’t part of your trust to your trust when you pass away.
Wills don’t come into effect until after your death, so they are not designed to manage or organize your assets prior to your death.
Wills are most often subject to the probate process before the distribution of assets covered by the Will can be made.
Because Wills need to go through probate, the Will becomes public record.
Available Estate Planning Packages:
Living Revocable Trust and “Pour Over” Will
- Schedule “A” (list of Trust assets)
- Personal Property List
- Assignment of Personal Property
- Deed for Real Estate
- Also available:
- Living Will (Advanced Care Directive)
- Health Care Power of Attorney
- Durable Power of Attorney
Last Will and Testament
- Last Will and Testament
- Self-Proving Affidavit
- Also available:
- Living Will (Advanced Care Directive)
- Health Care Power of Attorney
- Durable Power of Attorney
Nicole Panzella
AZCLDP #81653
Nicole is certified as a legal document preparer. She specializes in Estate Planning, Probate, Real Estate and Guardianship. Nicole is a licensed Real Estate Agent with HomeSmart.