One Of The Things That You Have To Decide When You’re Setting Up Your Power Of Attorney. Your last will and testament or your living trust is who you are going to name as your financial agent or your successor trustee. The decision needs to be thought out very carefully because that person will be…
The Story Line Is Not Uncommon A couple marries in their golden years to spend the remainder of their lives together in community. They buy a house together and agree that whoever lives longer can stay in the house for the rest of their life (that is called a “life estate”). Sometimes, the spouse with…
A recent study by the US Census Bureau found that by 2050 the global number of people in older populations will exceed the number of children. This Is Explained By Declining Fertility Rates And Increased Life Expectancy. China’s strict one-child per family rule is a large contributor to declining birth rates and family size, especially given…
How Will Stevie And Kai Fare Through The Divorce? Well, California, like Arizona, is a community property state. That means anything acquired during the marriage is equally owned by them both. For that stuff, the court will require them to split it 50/50 unless they agree to something else for their divorce settlement. With their…
With so many clients falling into some category of a “blended family”, I wanted to post something everyone should know about setting up a trust when some of the assets and children came to be prior to your current marriage. How Blended Trusts Work For Blended Families in AZ Here’s How It Works…Josie Has 2…
As of today, Team USA has won 47 medals in the 2012 Summer Games and Congress has recently raised the issue of whether or not they should be taxed on their medals or winnings (gold = $25k, silver = $15k, bronze = $10k). Taxed On Their Medals?! Who came up with that idea?…
Arizona Republic Probate Investigation If you read the Arizona Republic, you probably noticed a huge investigation they released last year about the Arizona probate system and a few particular families who suffered through conservatorships and guardianships. The probate court system is mainly used for 2 big areas: Managing the property and care of adults who…