Writing A Valid Arizona Will – What Do I Need To Know? As important documents go, your will is right up there at the top of the list. This document will be the foundation of your life care plan. It makes a difference in whether your estate is settled smoothly, with property going to the…
DetailsNew Tax Law – What’s Changing? Part of being a TrustCare© client at Keystone means you have the comfort of knowing our attorneys are monitoring certain federal and state law changes and how they may impact your estate plan. In 2018, the Tax Cuts and Jobs Act (The Act) became effective containing many changes to the…
DetailsHow property is titled makes a difference in how it is handled during the owner’s lifetime and what happens to it after the owner’s death. For example, Don, Holly, and Sarah own a rental property together. They could own it several ways, including as a joint tenancy or tenancy in common. What does that ownership…
DetailsDiscretionary 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…
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