Building a solid foundation for 2025 is key to shielding your family’s financial future and ensuring lasting peace of mind. A Chandler estate planning attorney ensures your wishes are clearly defined and legally binding. With shifting tax policies and new financial considerations, acting early is vital to avoid potential complications. Here, you will learn practical…
What are the steps of creating a will? What’s the process? We almost never recommend you prepare just a will. I’m always recommending you prepare a living trust on top of it because it’s no more complicated. In Arizona, it helps you avoid the probate system. But if you just have a will and you’re…
What are the pitfalls of creating a living trust? We create hundreds of living trusts, and we create very few last wills and testaments by themselves. It’s almost always a part of a living trust. When you do a living trust, most very rarely do just a will. What are the downfalls? Nothing has all…
What are the basic types of wills? There are really only maybe two or three different types. There’s the standard typed-out will that says, “Last Will and Testament of so-and-so. I revoke all prior wills that I’ve made.” Typed out, and then you sign it to witnesses, and you should add a self-proving affidavit. That’s…
What are the common questions you should ask when you’re preparing a will? Also, what are some of the common questions that I get asked when people are preparing their will? You want to know the answer to both of all of these. If you’re preparing your will, you want to ask questions like, how…
Is a trust better than a will in Arizona? It depends on what you want to set up your estate to do. Arizona has a very aggressive probate system. What I mean by that is the system itself – The courthouse, the court-acquainted attorneys, the Guardians Ad Litem, and all of the professionals that…
If you’re thinking about creating a trust, you might be wondering – how long can it last? How many years can a trust last in Arizona? This is something that goes way back in time, to the beginning of trusts when they were first invented in English common law. There were some sneaky guys…
How does a living trust actually work in Arizona? Well, there’s kind of three big stages if you think about how it’s going to work. First stage is putting it all together. You’ve got to have it done. You’ve got to create the documents, get everything funded in there, and you’ve got to have that…
Does the money you get from a trust count as income to you? You know, mom and dad passed away, and you’re gonna be taxed on that. Think about this. You work at a job, and you get your paycheck, right? That’s taxable income under federal law and under state law, and you’re going…
What are the disadvantages of Medicaid in Arizona? Yes, there are some. You need to know what these are before you pull the trigger and do something that you’ll later regret. There are three big disadvantages that can be broken down. First, you have to qualify, and that might be tricky. It might take…