If you own all or part of an Arizona limited liability company in your name (not through an entity or a trust) you must ask yourself “who will inherit my interest in the LLC if I die?” You owe it to your loved ones to know that the person or people you want to inherit your LLC will actually inherit it.
If you do not have a Will or a Trust that specifies who inherits your LLC then the law of your state of residence at the time of death will determine who inherits the LLC after your death. To insure that the heirs you want inherit your LLC will actually inherit the LLC rather than your state’s choice of heirs you must sign a Will, a Trust or a Transfer of Membership Interest Testament that specifies who inherits your LLC after your death.
If you are an Arizona resident take our test to learn who will inherit your property if you die without a Will or a trust and read my article called “Who Gets My Property if I Die Without a Will?” The failure to plan for death can lead to the wrong person or people inheriting your property, including your LLC (the worst case scenario) and waste your heirs’ time and money going through probate to obtain their inheritance (the best case scenario).
If you are an Arizona resident and do not have a signed Will, Trust or Transfer of Membership Interest Testament you owe it to your loved ones to do what you have to do to protect them. I recommend that you hire Arizona estate planning attorneys Richard Keyt and Richard C. Keyt to prepare the documents that will avoid probate and insure that the people you want will inherit your property if you were to die.
How to Learn More about Estate Planning
To learn who will inherit your assets if you die without a Will or a Trust and how to protect your loved ones see our free online ebook called Family Asset Protection. You can also make an appointment for a free estate plan consultation with Arizona estate planning attorneys Richard Keyt (the father) or Richard C. Keyt (the son).
- Call Richard C. Keyt (the son) at 480-664-7472 ([email protected]) or make a phone or office appointment with him using his online calendar.
- Call Richard Keyt (the father) at 480-664-7478 ([email protected]) or make a phone or office appointment with him using his online calendar.
- call the Keyt’s legal assistant Michelle Watkins at 480-664-7413.
We titled our book Family Asset Protection because people too often do not realize that the purpose of signing a Will, a Trust and ancillary estate planning documents is to protect their most valuable asset – their family. When people procrastinate and not adopt a comprehensive estate plan it is their family that incurs economic harm and mental anguish because of the failure to plan.