[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.phoenixlawteam.com\/blog\/understanding-elements-estate-plan\/#BlogPosting","mainEntityOfPage":"https:\/\/www.phoenixlawteam.com\/blog\/understanding-elements-estate-plan\/","headline":"Understanding the Elements of an Estate Plan","name":"Understanding the Elements of an Estate Plan","description":"Estate planning is as personal as each individual or couple who creates one. Working with an experienced\u00a0Glendale estate planning attorney\u00a0can help you create an estate plan that ensures your wishes are carried out after your death with a minimum of tax burdens, legal hurdles, or other obstacles for those you...","datePublished":"2024-11-30","dateModified":"2025-04-24","author":{"@type":"Person","@id":"https:\/\/www.phoenixlawteam.com\/blog\/author\/phoenixlawteam\/#Person","name":"Mushkatel, Gobbato, & Kile, P.L.L.C.","url":"https:\/\/www.phoenixlawteam.com\/blog\/author\/phoenixlawteam\/","identifier":8,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/1e4dc39d74dcc876245d4603866817c2b3e4a9be1d45c3ef67992bd821d77cbb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1e4dc39d74dcc876245d4603866817c2b3e4a9be1d45c3ef67992bd821d77cbb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Mushkatel, Gobbato, & Kile","logo":{"@type":"ImageObject","@id":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2021\/02\/Mushkatel-robbins-becker-pllc-logo.png","url":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2021\/02\/Mushkatel-robbins-becker-pllc-logo.png","width":459,"height":157}},"image":{"@type":"ImageObject","@id":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2020\/11\/Mushkatel-Groupshot-3.gif","url":"https:\/\/www.phoenixlawteam.com\/wp-content\/uploads\/2020\/11\/Mushkatel-Groupshot-3.gif","width":300,"height":184},"url":"https:\/\/www.phoenixlawteam.com\/blog\/understanding-elements-estate-plan\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=TX19ep0R9Y8#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=TX19ep0R9Y8","name":"The Basics of Estate & Trust Planning in Arizona - Mushkatel, Gobbato, & Kile","description":"Join attorney Emily B. Kile as she briefly discusses the basics of Estate Planning.\n\nMushkatel, Gobbato, & Kile, P.L.L.C.\n15249 North 99th Avenue\nSun City, Arizona 85351\n(623) 889-0691","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/TX19ep0R9Y8\/default.jpg","https:\/\/i.ytimg.com\/vi\/TX19ep0R9Y8\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/TX19ep0R9Y8\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/TX19ep0R9Y8\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/TX19ep0R9Y8\/maxresdefault.jpg"],"uploadDate":"2024-11-13T13:13:01+00:00","duration":"PT1M18S","embedUrl":"https:\/\/www.youtube.com\/embed\/TX19ep0R9Y8","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCioMf8Qkt0yAxbSIoUrSABg#Organization","url":"https:\/\/www.youtube.com\/channel\/UCioMf8Qkt0yAxbSIoUrSABg","name":"Mushkatel, Gobbato, & Kile, P.L.L.C.","description":"Mushkatel, Gobbato, & Kile, P.L.L.C. we bring a service based approach to clients. 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Working with an experienced\u00a0Glendale estate planning attorney\u00a0can help you create an estate plan that ensures your wishes are carried out after your death with a minimum of tax burdens, legal hurdles, or other obstacles for those you leave behind.Although each estate plan differs, they share some basic elements since the purpose of each estate plan is to ensure things go according to plan after an individual\u2019s death.\ufeffSome of the basic elements that may appear in estate plans include:Wills.\u00a0A will is a written document that lets its writer, or \u201ctestator,\u201d leave certain instructions such as who should receive certain property, who should administer the estate, and who will care for the testator\u2019s minor children. Wills must meet specific requirements of Arizona law increasing the importance of having a will reviewed by an experienced attorney.Trusts.\u00a0A trust holds assets for the benefit of one or more people. It can be used to hold assets for the benefit of its creator and then transfer those assets to other named individuals or charities once the creator dies.Life insurance.\u00a0Life insurance pays proceeds to a named beneficiary or beneficiaries when the insured individual passes away. Different types of life insurance are available. An attorney or insurance professional can help you choose which is best for you.Gifts.\u00a0A gift is a transfer of property made during your life. Many gifts are tax-exempt when made in the proper ways, making them useful estate-planning tools.Other tools also form a key part of estate planning for some individuals. An experienced Arizona estate planning lawyer can help."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.phoenixlawteam.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Understanding the Elements of an Estate Plan","item":"https:\/\/www.phoenixlawteam.com\/blog\/understanding-elements-estate-plan\/#breadcrumbitem"}]}]