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An estate plan allows you to direct how and whom your property will be distributed after your death.
Your last will and testament constitute just one element of a comprehensive estate plan. In the absence of a will, a person is considered to have died “intestate,” and state laws dictate the distribution of the person’s assets.
An advance directive is a document that specifies the type of medical and personal care you would want should you lose the ability to make and communicate your own decisions. Anyone over the age of 18 may execute an advance directive, and this document is legally binding in Arizona.
A power of attorney is a legal document giving another person (the attorney-in-fact) the legal right (powers) to do certain things for you. What those powers are depends on the terms of the document. A power of attorney may be very broad or very limited and specific. All powers of attorney terminate upon the death of the maker, and may terminate when the maker (principal) becomes incapacitated (unable to make or communicate decisions).