Whether you or someone you know is planning cremation services in Mesa, AZ, it can also be helpful to create an estate plan with a will. This is because after an individual passes away, there may be confusion around where their assets need to go, and this document can help bring some clarity and honor any last wishes. There are many considerations for creating a well-thought-out estate plan, and we have a few of the most important ones here.
The first task will be creating a list of all the assets. This will include any property, no matter how large or small. You will also need to list all of the belongings, from yard tools to household items as well as digital assets, and while you are making a list, it is recommended to right individual’s names down as to who will receive the items, so there’s no confusion.
The next step is to create a will, which needs to list the assets and how they will be distributed. Without this document, a judge will decide on where the assets go, so if you have specific wishes around the items, you need to have a trust or will create. You can also consider having an executor named because they will be responsible for fulfilling the requests in the paperwork.
Another important aspect is to ensure that any wishes are outlined in the document. You could also include a letter of instruction to help give more detailed information about arrangements or who will receive what items.
Trusts are in place primarily to avoid probate, where a judge will distribute the assets. This can be expensive and lengthy, so ensuring that ownership is transferred to a trust can help remove this possibility. A trust is a legal entity that can manage your assets on your behalf, and any trustee can be named and added to the documentation.
A list of debts will also need to be made and can include:
Speaking to an estate planning attorney and a financial advisor is also recommended. Both individuals are specially trained in creating these documents and ensuring they are legally binding, so there’s no worry about if the documentation has been completed correctly.
Combining the estate and services plan can create a thorough outline that leaves no question about what needs to be completed and can offer a sense of peace for loved ones. Finding affordable cremation services in Mesa, AZ, is critical, and if you are looking for a trusted company, we are here to support you. Our team of experts specializes in providing affordable and compassionate, high-quality care. We are here to answer all your questions, so contact us today to get started.