Why Many Plans Fail to Meet Your Needs
Most estate planning strategies take into account three primary concerns: How will the beneficiaries avoid probate upon the death of a primary estate holder? How do surviving beneficiaries minimize estate taxes? And how will the assets be distributed according to the estate holder’s wishes? From what we have seen, many estate plans fail to meet the estate holder’s needs for a significant number of reasons, including:
- Many documents are poorly drafted: As members of the American Academy of Estate Planning Attorneys (AAEPA), we draft documents that cover many aspects of the law. Our affiliation with the AAEPA, helps ensure Morris Hall provides you with documents, plan reviews and strategies that cannot be duplicated. Simply put, at Morris Hall, you have the experience, skill and knowledge of the leading estate planning professionals in the nation backing your goals.
- The plans typically focus too much on death: A solid estate plan will have a positive effect for the estate holder while all parties are alive. Through the appropriate use of revocable living trusts, we will help you find ways to fund your trust account, distribute assets as you desire and maintain final control of your estate — all while you are alive.
- Many estate plans aren’t coordinated with financial plans: Our firm works with the teams at MH Financial and MH Accounting in order to coordinate a comprehensive plan that integrates current investment needs with long-term estate planning.
- Many plans fail to keep up with changes in the law: Our attorneys keep abreast of state and federal laws affecting asset protection, taxes, long-term care issues, incapacity, and succession of assets and businesses. We write professional publications covering law changes and give regular seminars to financial and other professionals covering recent changes that affect estate planning clients of all asset levels. As laws change, we will contact you to review your plan and determine how you are affected and how your plan may need to be changed.
Unique Approach From a Unique Estate Planning Law Firm
Morris Hall offers a different kind of estate planning service because we offer comprehensive estate planning. Very few attorneys dedicate their entire practice to estate planning. At Morris Hall, we never forget that your family is worth protecting. Start by calling for a complete review of your financial circumstances and your plan for preserving your assets, now and in the future.
AAEPA • AV Rated* • CPAs • Licensed Financial Planners
Contact us to arrange a consultation with an experienced lawyer today. Our offices are located in Phoenix, Tucson, Albuquerque and communities throughout Arizona and New Mexico.
*Martindale-Hubbell’s AV peer review rating is the highest-rated category an attorney can achieve in the areas of legal skills and ethical standards. AV is a registered certification mark of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.