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FAMILY PROTECTION


Read the WARNING! first. Warning

A good family protection plan contains certain basic elements:

  1. Protect your spouse

  2. Protect your children

  3. Protect your home

  4. Protect your assets

A good family protection plan includes certain basic "estate planning" legal documents.  The most common basic estate planning legal documents include a: 1) Durable Financial Power of Attorney ; 2) Medical (Health Care) Power of Attorney; 3) "Living Will;" 4) Last Will & Testament.

Home protection starts with the Arizona homestead exemption and includes an "umbrella" insurance policy.  Additional home protection involves more complex legal planning, which experienced legal counsel can provide.

Asset protection planning may be simple or complex.  It may range from ordinary exemption planning to complex legal planning involving a limited liability company, living trust or other business organizations.  Good asset protection always involves an understanding of how not to run afoul of fraudulent transfer laws.

For assistance with family protection in Yavapai County, Arizona, call our office for a telephonic consultation.*  Call 928/445-3230 or contact us.

*There may be a consultation fee, depending upon the nature of your matter.  Call the office for details.

 

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