People 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…
Why Do You Need A Legal Power Of Attorney? Here are the Top Five Ways a comprehensive legal 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,…
After practicing probate for more than 10 years, changes in the rules about costs associated with probate have 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…
Gift Tax Exclusion – What Does It Mean? There 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,…
What 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.…
If 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…
Why Do You Need A Protector In A Trust Have you heard the term “trust protector”? Perhaps you have never heard this or maybe you are researching this because someone suggested it to you. Either way, here is an explanation of what a trust protector is, and what its advantages and disadvantages are. If you…
According to a Pew study of American families, children living in two-parent homes are more likely than not to grow up in a house where both parents work. Recent figures show more than half of these parents are both working full time. Combine this with kids’ activities and parents’ activities and there is little time…
One Of The Greatest Things You Can Do For The People You Love Is To Get Your Trust & Estate Plan Correctly Done. Besides making the grieving process more about grieving and not about courts and probate, getting your plan done correctly can help you to have some influence on your family members’ decisions, even…
You Discover Your Spouse Has A Serious Chronic Illness & After Recovering From The Shock, You Begin Thinking Of Your Future & Your Documents The only thing you have is an old will you paid $150 for when your kids were in preschool. After you ask around a little, you get in front of an…