Category: Estate Planning

The general public often thinks that estate planning is only for the elderly or those with life-threatening illnesses. The truth is that it’s never too early to start an estate plan. Whether you are married or not, preparing for the future is always a good idea. Making an estate plan now is the first step […]

You start your estate plan with a focus on financial assets. You want to preserve your wealth, perhaps maximizing the amount that gets passed down to your descendants. You may want to use trusts and other estate planning tools to guide how wealth is handled moving forward. But you also have children of your own, […]

With many parts of an estate plan, the person making the plan has no control over how the inheritance is used. They can decide who gets the money or other assets, but it is up to that beneficiary to decide how to use them. If they leave someone $100,000 in their will, that person may […]

If you live in one of Arizona’s many communities for seniors, you likely have a home that’s worth a considerable amount of money. If the community is only for those 55 and over, or has some other age restriction to help ensure its relative tranquility for residents, you’ll need to consider that when you determine […]

Estate planning is an essential process for new parents. It offers a sense of security and assurance that their child’s future is protected, despite what unexpected events life may bring. Estate planning may seem daunting, especially during the busy and often overwhelming period of welcoming a new child, but it shouldn’t be pushed off. If […]

Many adults in Arizona never get around to estate planning. Even those who do often seek out the fastest solutions possible. Instead of creating a comprehensive estate plan, many testators just draft a will. If there was only one other document that someone might need to consider including in their estate plan, it is probably […]

A will is an estate planning tool that allows you to determine who will inherit your estate when you die. With a valid will in place, you can have peace of mind knowing that your hard-earned assets will go to the right people and causes when you die. For your will to be valid, however, […]

Approximately 49 percent of men and 64 percent of women reaching age 65 today will need long-term care in their lifetime. But affording it can be a challenge. For some, long-term care insurance can be an effective way to prepare for future healthcare needs without breaking the bank. While long-term care planning can seem overwhelming, […]

Many older adults rely on Medicaid to help cover medical expenses, long-term care needs, and nursing home assistance as they age. However, eligibility for Medicaid is need-based. Applicants must show that their income and assets fall below certain levels to qualify. People whose assets are valued above Medicaid’s eligibility limits find themselves in an awkward […]

Everyone should consider potential long-term care needs when planning their estates. Long-term care includes medical and support services for routine tasks such as dressing, bathing, and eating, which can be provided at home or in a professional setting such as a nursing home or assisted living facility. But without proper planning, the costs of long-term […]