Morris Hall, PLLC

Estate Planning Attorneys

MakePayment with multiple options
CALL NOW: 1 (888) 222-1328
  • Home
  • Our Firm
    • About Morris Hall
    • Attorneys
    • Our Team
    • Morris Hall Core Values
    • Communities We Serve
      • Carefree
      • Chandler
      • Flagstaff
      • Mesa
      • Oro Valley
      • Phoenix
      • Prescott
      • Scottsdale
      • Sedona
      • Tucson
    • Career Opportunities
  • Estate Planning Services
    • Advanced Estate Planning
    • Asset Protection
    • Power of Attorney
    • Trust Administration and Probate
    • Wills and Trusts
  • Resources
    • Blog
    • Do I Need an Estate Plan?
    • Elder Law Reports
    • Elder Law Resources
      • Phoenix Elder Law
      • Tucson Elder Law
    • Estate Planning Problems
    • FAQs
    • Probate Resources
      • Probate
      • Flagstaff Probate
      • Phoenix Probate
      • Sedona Probate
      • Tucson Probate
    • Published Books
      • Don’t Go Broke in a Nursing home
      • Tax Free Money for Long-Term Care!
    • Recent Law Changes and Improvements Affecting Arizona
      • Update My Living Trust
    • Reports
    • Videos
    • What to Do When Death Occurs
      • What Not To Do When Someone Dies
      • Who To Contact After A Loved Ones Death
  • Reviews
    • Testimonials
    • Review Us
  • Locations
  • Events
    • Seminars / Webinars
    • Past Webinar Recordings
  • Contact
    • Consultation Policy
    • Contact Us
    • Discounts

What Does it Mean to Leave a Legacy

what-does-it-mean-to-leave-a-legacyWhat does it mean to leave a legacy? Leaving a legacy means more than providing an inheritance for your children. Too often, inheritances are squandered and forgotten. A legacy, on the other hand, means leaving behind not just financial security, but a sense of family history, belonging, and purpose, generation after generation.

You’ve spent years diligently saving and carefully planning to build a nest egg, but how do you transform what you’ve built into a legacy for your children, your grandchildren, and the generations to come? It’s a job that goes beyond basic estate planning. One way to accomplish this job is through the Morris Hall Estate Plan.

The Morris Hall Estate Plan is made up of the following components:

Morris Hall Revocable Living Trust: This Trust, tailored to your family’s needs and is the foundation for proper legacy wealth planning. It holds the bulk of your assets in a flexible manner, leaving you in charge of your property during your lifetime. The Trust contains provisions that protect you and your family in case you become disabled. After you pass away, it lets you distribute your assets as you see fit – without the need for probate. It also reaches into the future, allowing you to protect your loved ones’ inheritances from divorce, financial predators, and their own inexperience and poor judgment.

Pour-Over Will: A Pour-Over Will is necessary for two purposes. If you have minor children, it allows you to name a guardian in case you die before they reach adulthood. Whether or not you have younger children, you need a Pour-Over Will to “catch” any assets left out of your Trust and “pour” the assets into the Trust, ensuring all of your assets are distributed according to a single, uniform plan.

Financial Power of Attorney: With a Financial Power of Attorney, you can appoint someone you trust, called your agent, to take charge of assets not included in your Trust in case you become incapacitated. This way, your agent can pay your bills or file your tax return so that your financial affairs continue to run smoothly.

Health Care Power of Attorney: A Health Care Power of Attorney allows you to name an agent to make medical decisions on your behalf in the event you are incapacitated and cannot express your choices to your health care providers.

HIPAA Authorization: Under the Health Insurance Portability and Accountability Act (HIPAA), medical providers are required to keep your records private. With a HIPAA Authorization, you disclose to your doctors which family members or friends should have access to your protected medical information.

Legacy Plan: This is a key part of your MH Estate Plan. It helps you capture and pass down your non-financial legacy, including your family’s history, values, beliefs, and ideals.

All of the elements of the MH Estate Plan work together, allowing you to build upon the foundation you’ve worked hard to establish for your family. With this plan, you can do more than leave your loved ones a financial inheritance; you can leave a legacy rich in your family’s history, values, and ideals.

This article 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.
MH logo

Main Office

7600 N 16th St, Ste 105

Phoenix, AZ 85020

Phone: 602-249-1328

Fax: 602-248-2887

Subscribe to Our Newsletter

For a sample Click Here

Offices

Our law firm proudly serves many areas in Arizona. See all of our locations here.

Our law firm proudly serves the state of Arizona.  See all of our locations here.

Toll Free: 888-222-1328

Mon-Thur: 8:00am – 5:00pm
Fri: 8:00am – 4:00pm

  • Linkedin
  • Twitter
  • Facebook
  • Youtube
  • Instagram

Need an Estate Planning Lawyer in Arizona?

Looking for an estate planning attorney near you? We have office locations in Phoenix, Mesa, Chandler, Scottsdale, West Valley, Carefree, Prescott, Sedona, Flagstaff, Tucson, and Oro Valley in Arizona so please visit us at the location that is closest to you.

  • © 2023 American Academy of Estate Planning Attorneys, Inc All rights reserved.
  • Disclaimer