Discretionary Trust & Spendthrift Trust We’ve all heard of trusts. After all, they are one of the most common estate planning tools. Some people establish trusts for asset protection. Others need to provide for a loved one with a special needs trust. Two trusts that are similar, but not the same are the spendthrift trust…
DetailsHow To Prepare A Valid Arizona Will At some point in your life, you’ve probably made something that was sort of okay. It wasn’t exactly right, though. Putting up wallpaper that makes the room look small can be easily fixed. That’s not true with something as important as your Will. It should be well-written and…
DetailsBuzz and Pete manufactured and sold sporting goods for years. As college buddies, they started their business on a shoestring. The business grew steadily. Unfortunately, Pete died in a skiing accident, leaving Buzz to hold their business together. Buzz – and the executor of Pete’s estate, his brother Rob – that is. Buzz was uneasy…
DetailsCan You Inherit Season Tickets? When is something considered an asset? When someone dies, they leave behind possessions that become their estate. Assets usually include things like real property, cash, automobiles, and personal possessions. But where do season tickets fit in? Are they assets or something entirely different? And can they be passed on to…
DetailsWhy You Need An Advanced Healthcare Directive Deborah lost the ability to communicate after a major stroke. She couldn’t tell the doctors what kind of medical treatment she preferred. Stanley wanted to have a peaceful death on his terms, in his time. Both Deborah and Stanley would have rested easier if they could have communicated…
DetailsTransferring Property To Heirs Can Be A Hassle! Wouldn’t you like to pass your property in a way that helps your heirs avoid an expensive and possibly lengthy probate? A transfer-on-death deed does just that. How We Transfer Property Deeds usually convey property immediately in Arizona. So, if you sign a deed transferring your home…
DetailsJackie’s mother, Pat, was a strong woman. When she passed away at age 79, she was still living in the family home – with a little outside help, of course. Jackie was surprised to learn that her mother had taken out a reverse mortgage several years before. As executor and heir of the estate, she…
DetailsSometimes the simple way is not best way. Estate planning should fit your life, and life can be complicated. Advanced estate planning may be right for you. Basic & Advanced Estate Planning In Arizona Just generally speaking, a simple estate plan usually includes a Will, a durable power of attorney, a healthcare power of attorney…
DetailsWhen We Make Estate Planning Mistakes We Risk Our Family’s Futures Mistakes? We all make them. It’s just that some have longer lasting effects than others. Take estate planning, for example. Let’s look at six common estate planning mistakes and how to avoid them. 1. Not Updating Your Estate Plans Chances are, your life has…
DetailsThere’s an old-but-still-relevant saying: You can’t take it with you. Even though your physical possessions will not b going with you into your spiritual afterlife, you control where your property goes after you’re gone. It just takes a little estate planning. Make Specific Requests In Your Arizona Will For Your Family Heirlooms Your will is…
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