Trusts are a common estate planning tool, but choosing the right type of trust can be tricky. Some types are designed for specific situations, like a special needs trust or a pet trust. Others, like revocable and irrevocable trusts, offer great benefits – along with some restrictions and limitations. Knowing the difference between a revocable…
DetailsMany things in our lives change when we move from state to state. It’s a good idea to remember that some laws, rules, and regulations are decided by state and local government. Things that may change when you move include the way you register your car (and the fee!), the type and amount of taxes…
DetailsAbout 68 percent of families in the United States own at least one pet. So many people consider their pets to be part of the family that the term “pet parents” is commonly used. It’s only natural then that people might worry who will care for their beloved dogs and cats when they no longer…
DetailsAt Keystone Law, We Usually Don’t Have To Wonder Why Our Clients Create Trusts – We Know Trusts have become a popular estate planning tool for many people for good reason. But deciding to use a trust is not like choosing the trendiest watch or most fashionable pair of shoes. Creating a trust account can…
DetailsBlizzards, Ice Storms, & Below Zero Temps – All Good Reasons To Move From The Frozen North To Warmer States. Arizona is one of the most popular destination states for people who want to make a move, especially retiring senior citizens. Other than the weather, though, there are many other reasons that retirees might migrate to…
DetailsEstate Planning Is Important, No Matter Your Station In Life Only about 44% of Americans have signed a Will, the most fundamental and well-known estate planning document. Without a Will, your assets may not go where you want them. Settling your estate may take longer, also, since there’s nothing in writing showing what you want.…
DetailsYears Of Work Behind You, It May Be Time To Consider Retirement. Trying to figure out whether you have enough money to retire may leave you bewildered. How much is enough? “Enough” Is Vague. Enough For You Might Be Sufficient Funds To: Enjoy a fulfilling lifestyle; Cover unexpected expenses and emergencies; Allow you to fulfill…
DetailsBeing able to give your loved one the care they need is rewarding. But it can be expensive too. Many family caregivers rack up bills providing assistance with daily activities, prescriptions, skilled nurses, and so on. In 2017, the Arizona legislature considered a bill that would offer caregivers a tax credit. Arizona Family Caregiver Tax…
DetailsEstate Planning Myths – What Are The Facts? Myths are things we believe, but that are really not true. While some myths are amusing (bulls don’t really hate the color red) others may affect our behavior (hiding under a bridge when a tornado is nearby). Even estate planning is not immune from myths, so let’s…
DetailsMaybe your medications interacted badly, causing behavior changes that concern your friends and family. Or you could be developing Alzheimer’s disease or another form of dementia. If you’re taken to the hospital with a mental health problem, it’s important that you have signed a mental health care power of attorney General Estate Planning & General…
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