Marcus N. Seiter
Estate Planning - Wills, Trusts, Powers of Attorney, and Peace of Mind!
My focus is in estate planning and helping people make sound decisions. Give me a call at 480-345-3300! More about me... I am passionate about helping people formulate plans to reach their goals. Since 1999, I have been involved in that process with hundreds of clients as a professional in the financial services industry. In 2011, I enrolled at Arizona Summit Law School. It wasn’t always easy balancing family and school while maintaining a growing financial services company. But with the help of my wife and others, along with some divine intervention, I graduated with honors (summa cum laude) in 2014. The rest is history. Now I spend my time helping individuals and families create and maintain solid estate plans – truly an important work! On a more personal note: Before becoming an attorney, I grew up in Scottsdale, went to Horizon High School, and then joined the United States Marine Corps Reserves. Following my active duty training, I went on a 2 year mission for the Church of Jesus Christ of Latter-day Saints and later graduated from Arizona State University – go Sun Devils! Along the way I moved to Mesa where I met my sweetheart – Jennifer. We were married in 1999 and have since been blessed with 6 children (4 boys & 2 girls)! So when I’m not at work, I’m usually playing with my family, fixing up the house, or playing basketball. I look forward to meeting you! – Sincerely, Marcus Seiter
- Estate Planning
- Guardianship & Conservatorship Estate Administration, Health Care Directives, Trusts, Wills
- Free Consultation
- Credit Cards Accepted
- Arizona
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- English: Spoken, Written
- Attorney / Founding Member
- Seiter Law, PLLC
- - Current
- Arizona Summit Law School
- J.D. (2014) | Law
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- Honors: Summa Cum Laude, Order of the Quill
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- Arizona State University
- Bachelors of Interdisciplinary Studies (2010) | Organizational Studies
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- Clients' Choice Award
- Avvo
- J. Reuben Clark Law Society
- - Current
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- Probate Series (Part 2): 3 Ways to Avoid It
- www.seiterlawpllc.com
- Probate Series (Part 1): What is Probate?
- www.seiterlawpllc.com
- Making Sense of Wills, Trusts, Probate and Incapacity, New Frontiers Lifelong Learning, Mesa Community College - Dobson Campus
- New Frontiers
- Certified Financial Planner
- Certified Financial Planner Board of Standards
Seiter Law, PLLC
- Q. Re: A family trust 3 children, trust is to divide equally. In the trust, property is "conveyed' to one son by parents
- A: It is probably in your best interest to show the full trust to an estate planning attorney, because the information provided here seems incomplete. For example, if the trust first says that the house is to be conveyed to the son as his sole an separate property and then later the trust says something like, "the rest, remainder and residue is divided equally to our three children," then no, the son receiving the house would not have to buy out the other children using his share. However, if there is additional language in between those statements or if those statements are made in a different order, the result could be completely different. Another consideration is whether the son would receive the house free of any mortgage or would the trust pay off the mortgage before conveying the house. All of this is hypothetical until a competent attorney can see how the trust is worded exactly before a specific opinion can be given. I wish you luck in your search for a good attorney to help you with this.
- Q. When does a POA expire? At death?
- A: In addition to the other attorney's response, although by law the power of attorney doesn't necessarily expire, banks and financial institutions are notorious for not honoring powers of attorney that are more than a few years old. In other words, its a good idea to have them "refreshed" every once in a while.
- Q. Is a will or trust preferable to set up when you have assets in excess of $100,000?
- A: This all depends on many factors such as your family makeup/dynamics, the types of assets you have, your health, expected longevity, and who you want to inherit those assets. A will-based plan can be adequate for some people with even a few hundred thousand in assets depending on circumstances, while a person with even less may find a trust-based plan to be more suitable. I suggest that you speak to some Estate Planning attorneys in your area about these questions. Many offer complementary consultations. Good luck.
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