What is a will?

 A will is a written document that goes into effect when you die. It nominates a person to handle your affairs post-death and it directs who should receive your property. For families with minor children, a will gives you the opportunity to choose who you want to care for your children in the event of your untimely death. 

A will:

  • specifies how you want your property to be divided and who you wish to receive your property
  • appoints permanent guardians for your minor children
  • names the person you wish to wind up your affairs (executor or personal representative)
  • can include estate tax planning
  • can include income tax planning
  • can provide asset protection for heirs/beneficiaries through testamentary trusts created during the probate process

A will does not:

  • avoid probate or the costs associated with probate
  • provide for disability or incapacity planning      
  • control for accounts and property directed to others through beneficiary designations, such as life insurance or retirement benefits

A will can be canceled or changed during your lifetime. A will may cost lost less than a trust on the outset, but it could cost more in the long run to settle your estate through the probate process.

To find out if a will is right for you, click below to schedule a free 15-minute Introductory Call, or use my online form

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At Kara Noble Law, I focus on Estate Planning and I am here to listen to you and help you navigate the legal system.

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Kara Noble Law is committed to answering your questions about Estate Planning law issues in Arizona. I offer a Free Consultation and I'll gladly discuss your case with you at your convenience. Contact me today to schedule an appointment.