Solliday Law provides comprehensive, tax-sensitive estate planning services to clients located in the Phoenix metropolitan area and throughout Arizona. Regardless of the size of your estate, Arizona estate planning attorney Robert P. Solliday offers personalized, cost-effective representation, and prepares documents that are individually tailored to your needs and goals.
Estate planning is the process of arranging for the transfer of one's property and assets in the most cost-effective and efficient manner, while considering family relationships, the nature and amount of assets, and applicable taxes. A comprehensive estate plan addresses issues such as planning for the possibility of future incapacity and avoiding the necessity for probate administration upon a client's death. Accordingly, creating a successful estate plan requires an individual assessment of the client's fundamental needs and goals. Often, the estate planning process involves the execution of multiple documents, including:
We prepare simple wills for clients, as well as pour-over wills, which are wills which are designed to work in unison with a trust. Wills specify the manner in which the decedent's estate will be distributed to his or her beneficiaries, and also name an executor to oversee the administration of the estate. Wills may also nominate guardians for any minor children of the decedent.
A trust often serves as the central estate planning document, and assets which are titled in the name of the trust avoid the necessity for probate administration - as well as the time delay, expense, and lack of privacy associated with the probate process. We have extensive experience constructing numerous types of trusts depending on our clients' assets and intentions, including life insurance trusts, generation-skipping transfer trusts, bypass trusts, and charitable remainder trusts.
Along with preparing trusts, we advise clients on how to properly fund their trusts with bank accounts, stocks, and other assets, and assist clients with the preparation of deeds and other documents necessary to transfer title to real estate to the trust.
Financial Powers of Attorney
We prepare durable financial powers of attorney for our clients. This document allows a client to designate a person or persons to manage their financial affairs in the event he or she becomes incapacitated.
Advance Directives, including Health Care (Medical) Powers of Attorney, Living Wills, and Mental Health Powers of Attorney
These documents allow a client to designate a person or persons to make health care decisions on their behalf in the event he or she becomes incapacitated.
Estate Planning for Small Business Owners
Business clients frequently consult us regarding the succession of a closely held or family business. Succession of a family business to a succeeding generation requires consideration of many issues, including the maintenance and structure of the business after incapacity or death; who will succeed to the family business; how, when and in what manner those family members will receive the interest in the business; and what assets passive family members may receive in lieu of an interest in the business.
Whether the business is to be transferred to succeeding generations, or to parties outside of the family, we can help you in formulating tax saving strategies for the sale or transfer of your business, using buy-sell agreements and advanced planning techniques.
We have extensive experience in the area of probate administration, and efficiently handle uncontested probate matters involving estates of all sizes and complexities, ranging from simple estates to large estates comprised of significant assets.
Arizona Estate Planning Attorney
Estate planning frequently involves complex tax issues and requires the assistance of experienced counsel. With an advanced degree in taxation law and a wealth of estate planning experience, Robert possesses the knowledge and skill to handle even the most complicated estate planning matters on behalf of his clients, and he takes pride in providing personalized, comprehensive service.
What evidences his legal abilities is that many of Robert's clients are lawyers and business peers who have also achieved the highest level of excellence and ethics in their chosen professions. If you have to select a lawyer, wouldn't you prefer a lawyer that others lawyer have chosen to handle their legal matters?
Contact Solliday Law today for assistance with your estate planning and probate administration needs.