Meet Paul and Carol who just moved to Arizona from the great state of Ohio. They created a revocable trust plan five years ago, but don’t know if their plan will work in Arizona. They bought a house in Cooley Station and re-titled their cars in Arizona (which they thought was really expensive!) Paul and Carol have the same Wells Fargo checking and savings accounts and same IRA and brokerage accounts through Schwab. The person they chose as their financial power of attorney lives in Illinois.
Estate plans should be reviewed after every major life event—such as moving to a new state—because estate planning is mostly controlled by state law. At our plan review meeting we:
We typically recommend an Arizona Health Care Power of Attorney because of state-specific laws. Let us help determine whether your plan still works here in the Grand Canyon State.