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An estate planning questionnaire typically includes personal information, financial information (assets and liabilities), healthcare preferences, beneficiary designations, and existing legal documents like wills and trusts. This comprehensive data aids in crafting a thorough estate plan.

Let's look at four documents that should be a part of every estate plan: a will, a revocable trust, an advance health care directive and a power of attorney. A will is a document that states your final wishes. It also outlines how you want them to be carried out upon your death.

No — in Arizona, you don't need to notarize your will to make it valid. However, you'll need a notary if you want to make your will self-proving. When a will is self-proving, the court can accept your will without needing to contact your witnesses to prove its validity. This can speed up the probate process.

If a court finds that an individual is suffering from dementia, is under the influence of drugs or alcohol, or is incapable of understanding the document being executed for some other reason, the court may invalidate the will on the grounds that the individual does not have testamentary capacity.

However, many people forget that a beneficiary designation on many documents will override their will.

A 5 by 5 power clause in a trust document gives the beneficiary the right to withdraw either $5,000 or 5% of the fair market value of the trust account per year, whichever is greater. This is in addition to the regular income payout benefit of the trust.

Completing the Estate Planning Questionnaire Gather Personal Information: Start with basic information about yourself and your family. List Your Assets: Detail all your assets, including bank accounts, real estate, and personal belongings. Designate Beneficiaries: Decide who will inherit each asset.

Estate Planning Must-Haves. Wills and Trusts. Durable Power of Attorney. Beneficiary Designations. Letter of Intent. Healthcare Power of Attorney. Guardianship Designations. FAQs.

5 Steps to Organize. Step 1: Create a checklist of important documents (and their locations) Step 2: List the names and contact information of key associates. Step 3: Catalog your digital asset inventory. Step 4: Ensure all documents are organized and accessible. Step 5: Regularly update your estate documents.