ESTATE PLANNING

Effective Estate Planning includes more than just having a Will or Trust and a list of beneficiaries. These components of an Estate Plan, while obviously important, are based on the assumption that the Estate includes assets that are intended to be passed down.

It makes sense, then, that the physical assets in an Estate must be properly documented photographically and textually. The presence of an up-to-date Business Property Catalogue and/or Personal Property Catalogue eliminates any ambiguity regarding what the physical assets actually are. When it is time to execute your Estate directives the Executor will have a clear and concise document to follow as the distribution to your Beneficiaries is carried out.

Having an up-to-date Business Property Catalogue and/or Personal Property Catalogue is a crucial element of Wealth Preservation because if a fire, robbery or accident occurs this documentation equips you to maximize your insurance reimbursement. To repeat - every dollar of insurance reimbursement you receive is a dollar that you didn't have to pay out of your own pocket to replace the physical assets that were either destroyed or stolen. This preserves your wealth in your Estate, rather than having your wealth diminished due to an insufficient insurance reimbursement.

Just as your Estate Planning Attorney is an expert at structuring your unique Estate Plan, AZ PROPERTY DOCUMENTATION LLC is the expert at properly and professionally documenting your physical assets to maximize your financial protection when a disaster strikes.

Your Business Property Catalogue and/or Personal Property Catalogue is one of the cornerstones of your Estate Plan. No Estate Plan is complete without this crucial asset documentation.