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Estate Planning

At Bogutz & Gordon, estate planning is not a one-size-fits-all endeavor. Estate plans can be as individual as you are, and our job is to advise you on your options and make recommendations for you and your beneficiaries. Our goal is to provide you with the knowledge to make effective choices, and then implement those choices with accurate documents that meet the highest technical standards.

Basic estate planning includes the preparation of Wills, Financial (General) Powers of Attorney and Medical (Health Care) Powers of Attorney, and Living Wills (Advance Directives), all of which are prepared in accordance with Arizona’s very specific laws and requirements.

Intermediate estate planning includes the use of an Arizona Revocable (“Living”) Trust Agreement, including the transfer of assets into the name of that Trust to help avoid probate. An inheritance can be left to a loved one in trust, which provides additional benefits for the beneficiary, including protection from creditors and from former spouses in the event of a divorce, and can include provisions for the care of pets. For married couples, a Revocable Living Trust might include an “A-B,” or “Credit Shelter Trust,” to minimize estate taxes or to give both members of the couple control over how assets are ultimately distributed.

Bogutz & Gordon is also able to advise on and prepare more advanced arrangements such as Limited Liability Companies, Family Limited Partnerships, Irrevocable Life Insurance Trusts (“ILIT’s”), Special Needs Trusts, Qualified Personal Residence Trusts (“QPRT’s”) and Grantor Retained Annuity Trusts (GRAT’s).

Estate planning also involves considering whether your assets are properly titled and whether your beneficiary designations for your IRAs, 401(k)’s, and annuities are appropriate for your situation.

If all of this sounds confusing and overwhelming, we can to help you sort through these details and achieve a customized plan that suits you and your family.


Estate Planning Frequently Asked Questions

1.  What documents should every individual have in place?
2.  What is a Will and why do I need one?
3.  What is a General Power of Attorney and why do I need one?
4.  What is a Medical Power of Attorney and why do I need one?
5.  What is a Living Will and why do I need one?
6.  What decisions do I need to consider in preparing an Estate Plan?
7.  Do I need a Revocable Trust?
8.  How does Estate Tax work?
9.  What is the estate planning process like at Bogutz & Gordon?