This is the second of a two part series with estate attorney Heather Parker of the Parker Law Office.  Today, we take a deeper dive into the differences between wills and trusts.

Trusts can provide for:

How your bills will be paid if you are hospitalized

• A financial power of attorney
• A trustee to manage your assets
• Avoiding costly probate court costs
• And more...

There are also different types of trusts, including pet trusts, and IRA trusts.  The latter can be especially important in wake of the SECURE Act and recent changes to the stretch IRA rules. 

Most importantly, you should have a team working together for your estate planning.  This can include a financial advisor, accountant, attorney, and more.

Resources:

The Parker Law Office: https://www.parkerlawaz.com/

Heather Parker's Office Number: 480-264-5177

Heritage Financial Strategies: https://heritagefinancialaz.com/