Are we a curious society that is intrigued by the lives of the famous? How about our neighbors? Co-workers?
Estate planning provides options of disposing of one’s assets upon death. However, depending upon which option is chosen will dictate how much of your financial business is kept private or open for public inspection at your death.
For instance, if you die with a Will, the assets controlled by the Will are inventoried and the inventory is a public record.
If instead you die with a Trust, all terms of the Trust are private, and all assets are private.
In Arizona, identify theft is the number one crime. Which option do you think criminals hope that you choose – a Will (public) or a Trust (private)?
About Morris Hall:
At Morris Hall, we have focused our legal practice on estate planning for over 40 years. Along with estate planning, our attorneys help clients and their families with matters of probate, trust administration, wills, power of attorneys, business planning, succession planning, legacy planning, charitable gifting and other important legal aspects. We also have divisions in financial, real estate and accounting to help you incorporate all of your planning together, ensuring that everything works perfectly for your needs and situation. Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Cave Creek, Tucson, Prescott, Flagstaff and Arrowhead. Our New Mexico offices are located in Albuquerque, Las Cruces and Santa Fe. Contact us today at 888.222.1328 to schedule an appointment!
This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.