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
      • 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

Smart People Do Estate Planning, 06/30/2006

Estate Planning is Simple…Right?, 11/30/2006

Many people think that estate planning is simple: You just press a button on a word processor and out comes a Will or other document that does just what you want. However, it’s just not that simple.

There are many reasons that it takes someone with years of education and practical experience to advise you and prepare documents to accomplish your wishes. Typically, you have not even thought of all the questions, much less the answers and why they are important.

For example, many people think in terms of giving specific assets to specific people. Sometimes this works. But, oftentimes people do not consider the possibility that their estate planning documents could become effective at their death decades in the future. Will you still have that IBM stock you had planned to leave to Johnny? Will you still have the lake house you had planned to leave to Betty? What should happen if you had sold one or both prior to your death? What if the IBM stock had gone the way of Enron and the lake house had skyrocketed in value? If there are expenses and taxes to pay, should the recipient of each gift pay his or her share of the expenses and taxes or should some recipients receive their gifts without the burden of expenses and taxes?

As you can see, there are many practical questions which a qualified estate planning attorney will know to consider. There are also many technical legal and tax issues which you might never spot, until your heirs end up in conflict or the IRS is knocking at their doors. For example, Powers of Attorney, which appoint an Agent to make financial decisions for you, are very common and useful documents. However, if the Power of Attorney is not carefully drafted, it can cause the value of all of your assets to be included in the estate of the agent. In addition to overlooked problems, without a qualified estate planning attorney you can miss opportunities to plan for Medicaid qualification, to avoid probate, to reduce income, estate, gift, and other taxes, and to provide for your family.

An estate planning attorney from Morris Hall can examine your unique situation and goals, your family and financial circumstances, and can tailor a plan to meet your needs. From a simple Will or Trust to a complex plan including multiple advanced planning strategies, not every tool is applicable in every situation. Whether you are just starting out in life, or are in your twilight years, a qualified estate planning attorney can listen to your goals and tailor a plan that is best able to achieve those goals. Contact us to set up a free consultation to discuss YOUR plan.

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