Should you choose a will or trust? When it is time to arrange for your final wishes to be carried out and for laying out instructions for disposing of your real estate and personal property, you can choose a will or a trust. Both documents will get the job done but are executed very differently.…
DetailsA conservator is a person who has been appointed by the courts in Arizona to conserve the assets of another person. A person who has become unable–either permanently or temporarily–to make his or her own financial decisions may have a conservator named to help them pay bills, manage finances and assure they are not taken…
DetailsSure It’s Hot, But What A Bargain! If you are an avid golfer but the price tag of hitting the links limits your play when the weather is cool and beautiful, you can play to your heart’s content on far less when the mercury hits 100+ degrees. With Father’s Day coming up, we thought we’d…
DetailsBefore you head out of town for the summer, make sure you have your legal affairs in order and the correct legal documents with you on vacation. What Would Happen If You Didn’t Make It Home? The best way to make sure your loved ones would know what to do if you didn’t make it…
DetailsPeople Are Living Much Longer Today & Collecting Social Security Longer Than In Previous Generations And in many cases, women outlive men. Those who are in their 60s can elect to receive their retirement benefits earlier or later. Each month, 10,000 Baby boomers are turning 65. For those who have diseases that are known to…
DetailsHere are the Top Five Ways a comprehensive power of attorney is the best option. 1. You can choose who will make your decisions, not the court. When you have a signed power of attorney, and you become incapacitated and are unable to make decisions, the agent you name can step into your shoes and…
DetailsWhen practicing probate for more than 10 years, changes in the rules about probate cost become more about “when” they will happen and not “if”. Now in 2017, the courts are guided by some very general rules. To sum it up, there’s no limit to Probate cost or fees. Arizona goes by a “reasonable fee”…
DetailsThere are two freeways to make gifts without incurring gift taxes. The first one is the annual exclusion on the second one is your lifetime exclusion. It’s 2017 so you can gift $14,000 this year to as many people as you want using the annual exclusion. Plus, you can gift your full lifetime gift exemption…
DetailsWhat Is An Arizona Holographic Will? An Arizona holographic will is a handwritten document that is dated and signed by the person who is stating their wishes. Arizona probate law makes it very clear that this is a valid will. All you have to do is hand write your wishes, date, and sign the document.…
DetailsIf you have a living trust, one of your most important steps in making sure your plan works correctly when it is needed is to have all of your assets properly funded into your trust. And I Mean, Everything. Some of your financial assets need to be owned by your trust and others need to…
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