Will-Based Estate Plan (Arizona)
A Will-Based Estate Plan is a straightforward way to direct how your property is distributed after death, while still protecting you during your lifetime if you become incapacitated.
What Is a Will-Based Estate Plan?
A Will-Based Estate Plan uses a Last Will & Testament to specify who receives your assets after death.
It is commonly chosen by individuals or families with simpler estates who are comfortable with probate.
- Takes effect after death
- Assets are distributed through probate
- Public court process
- Common for renters or smaller estates
- Lower upfront cost than a trust
What’s Included in a Will-Based Estate Plan
- Last Will & Testament
- Health Care Living Will
- Health Care Power of Attorney
- Financial Power of Attorney
These documents work together to protect you during life and ensure your wishes are carried out after death.
How a Will-Based Estate Plan Works
During Your Lifetime
- You control your assets
- Powers of Attorney protect you if incapacitated
At Incapacity
- Your chosen agents can act
- No immediate court involvement for healthcare or finances
At Death
- Your Will is submitted to probate
- Assets are distributed according to your instructions
Who Is a Will-Based Estate Plan Best For?
- Individuals without real estate
- Smaller or straightforward estates
- People comfortable with probate
- Those seeking a simpler, lower-cost plan
- Those who may upgrade to a Trust later
Many people start with a Will-Based plan and transition to a Trust-Based plan as their lives or assets change.
Will-Based vs Trust-Based
Will-Based
- Uses probate
- Simpler setup
- Lower cost
- Public process
Trust-Based
- Often avoids probate
- Works during life & incapacity
- More privacy
- More comprehensive
Ready to Start Your Will-Based Estate Plan?
Probate Avoidance — When It Matters
Many people want to reduce probate delays and keep things private. Probate avoidance can involve beneficiary deeds, account titling, and trusts.
Protect your assets, your loved ones, and your peace of mind