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Choosing a law firm to guide and advise you in estate planning is one of the most important tasks you will do for yourself and your family. Experience and trust are just two of the factors to consider when choosing an estate planning attorney. At Compton Law, we are ready to help you with all aspects of estate planning and administration including trusts, wills, probate, business formation, business succession, asset protection, elder law, ALTCS planning, special needs trusts, blended families, pet trusts and pre-marital agreements.
Estate Planning allows you to decide exactly who will benefit from your estate..
Will help your family avoid to be on probate and save time and money after your death.
Power Of Attorney
A document to assign an individual to have the right to handle financials affairs.
Small Business Formation
Helps you to navigated through many forms, legal documents for your business.
A representative that you delegate to control and manage the estate. Very Important in your absence.
Asset Protection Plans
Legal strategies to help you protect your assets when lawsuits or any eventuality comes by surprise.
- Estate Planning
- Power of Attorney
- Kids Protection Plans
- Living Trust
- Small Business Formation
- Asset Protection Plans
- Health Care Directives
- Special Needs Planning
If someone dies, certain assets may pass to heirs free of court interference; however, many assets do not automatically pass to heirs without a court process. This court process is called probate. If a loved one has died, it is a good idea to meet with an attorney to determine what specifically needs to be done to ensure title passes correctly.
Probate in the state of Arizona can become lengthy and time-consuming. Probate can be overwhelming, especially during a time of grief. The attorneys at Compton Law understand this and do what we can to bring peace through trusted advice. Our probate process provides our clients with an understanding of what to expect, a timeline with set goals and organizational tools to ensure the process stays on track.
If a loved one has passed away and you require probate assistance, the attorneys and team at Compton Law can help.
Special Needs Planning
There are several types of trusts to assist with these special planning challenges. The most common types are Support Trusts and Special Needs Trusts.
Support Trusts require the Trustee to make distributions for the child’s or heir’s support in areas like food, shelter, clothing, medical care, and educational services. This type of trust may be helpful if a child needs assistance in managing money or is drug-addicted. Beneficiaries of Support Trusts are not eligible to receive financial assistance through Supplemental Security Income (SSI) or Medicaid/AHCCCS. If your child will require SSI or Medicaid/AHCCCS, you should avoid a Support Trust.
For many parents, a Special Needs Trust is the most effective way to help their child with a disability. A Special Needs Trust manages resources while also protecting the child's eligibility for public assistance benefits. Generally, Special Needs Trusts are either stand-alone trusts funded with separate assets (like life insurance) or they can be sub-trusts in existing living trusts.
Each business is unique, and the question of which form of business organization is best can only be answered by looking at the specifics of the business in question and the goals of its owner or owners. At Compton Law, we represent clients who own closely-held businesses in Arizona, including start-ups and family businesses. Our attorneys offer counseling on the most appropriate legal structure. We design and implement limited liability companies (LLC), corporations, general partnerships, and family limited partnerships. We address the role of buy-sell agreements among co-owners, life insurance as a planning or business succession tool, and retirement planning for owners and employees. Our goal is to maximize our clients' protection, control, and benefits.
Successor trustees often lack the time, resources or knowledge to personally administer the trust, and therefore may call upon legal, accounting and investment professionals for assistance. Oftentimes, a corporate fiduciary (e.g., a private fiduciary or trust company) is an excellent alternative to relying solely on busy family members or friends to serve as trustee. We can help your successor trustee(s) deal with the complexities of administering your trust. Please call our office, and we will be happy to schedule a consultation, whether or not our office has drafted the original trust.