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Estate Planning: Why is it important?

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Published on Apr 24, 2012

http://www.gilbertlawoffice.com Becky Cholewka of Cholewka Law highlights the estate planning process. Becky and her team focus on results not documents. Estate planning is a process that may evolve over time - not a one time fill-in the blank document. Why is estate planning important? Estate planning is a starting point. It's your first shot at it. It continually evolves from there. Your beneficiaries may change and your assets are going to change over time. Instead of having one thing that you purchase once and set on a shelf, Becky Cholewka builds relationships with people so that it is a continuous planning process. It is important because a will is the only place where you can name a guardian for your minor children. If something were to happen, you as the parent have the choice to decide who gets to raise your children instead of the court making that decision. That alone is golden. For that reason alone, every parent with minor children should have an estate plan.
Another thing that is very important to know is where your assets are going. Maybe you have a piece of jewelry that is a family heirloom and you want it to go to a certain niece of yours. You can make those decisions in your estate planning by just having a will.
Also in the planning process, we can help with matters while you are still alive, it's called "living probate". If you choose to have a revocable living trust, we can take care of issues that might come up rather than having a guardian or a conservator appointed by the court; and, avoid having the expense of going to court on such issues. With a properly drafted revocable living trust in place, we can make sure those issues are taken care of so that we don't have a need to go to court further. Contact our Gilbert, Arizona, law office at (480) 497-3770 to schedule a confidential consultation. You may also complete our online contact form at http://www.gilbertlawoffice.com/contact/

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