When you hear the words “Estate Planning,” what comes to mind? Do you visualize a Rolls Royce as it drives away from a stunning, large mansion, rolling along a several-acre-long driveway, passing by private tennis courts, pools, gardens and right out through the private security gates? In many people’s minds, that is precisely what an “estate” is. However, “estate” is actually defined as:
- Property or possessions
- Interest, ownership, or property in land or other things
These definitions do not imply vast wealth, or, for that matter, any level of wealth whatsoever. In fact, the actual definition of an estate simply denotes the ownership or possession of something…anything even.
We all have things we own, valuables we posses and often even some substantial items such as a home or retirement plan. These are all items that comprise our own “estate.” We may not have a mansion or a Rolls Royce, but we do have items we own and hold dear. Perhaps even more importantly, we have loved ones that we want to ensure are cared for. Those are the REAL reasons each of us should create an estate plan, not because we’re wealthy, but because we care for the items we do care, and above all, our loved ones.
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, 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.