End of Life Planning

Tools to Plan Your Estate

Trustee and Trust protector

It’s wise to have medical poa, to specify who is the person to speak.

Automatically get a limited set of power if married, however best to be clear.

FAQ

Wills are rec’d across states. Same for trust and poa

Estate tax first 12M not taxed

Gift tax exemption $19K

AZ a community property state — marriages are partnership

Ways to Minimize/Avoid Probate

Beneficiary Deeds ‘Upon my death, x gets…’

But a trust or will will set an executor and can ease things like real estate.

Living Trust v Will

Will: Written instr that take effect upon your death

Revocable Living Trust: Written instr. to care for you and your family during your lifetime, in event of incapacity and at death. Amendable.

Other notes

Power of Attorney dies with person

prehospital medical directive - do not revive/resuscitate.