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Arizona residents set up their estate plans with the hope of being able to take care of their families for years to come. However, many estate plans are impacted by things beyond the person’s control – such as inflation. Over time, the cost of living will go up due to inflation. As the cost of […]

Retirement is a big transition for many individuals and couples, but when you’re part of a blended family, parents plus children from previous marriages, estate planning in Arizona becomes even more complex. Retirement should be a time to relax and enjoy life. Still, suppose the proper steps aren’t taken to ensure everyone in your family is […]

There are a few unique benefits that an asset protection trust offers, but it also comes with some drawbacks. One purpose of this type of trust is to shield your assets from Arizona creditors while offering you protection from lawsuits. Revocable Versus Irrevocable Trusts This trust type is irrevocable. When you transfer assets into this […]

A power of attorney is a legal document that allows an individual to designate another person to act on their behalf in matters related to legal, financial and healthcare decisions. While many Arizona residents may not give much thought to a power of attorney, it can be essential in ensuring that your wishes are followed […]

A last will and testament is a fundamental part of an estate plan. Your will expresses your directions for how your property will be managed and distributed upon your death. Although a properly executed will is usually enforced, your will may be contested by heirs or other parties asserting that it is legally deficient or […]

A power of attorney can be an important part of your estate plan. This document gives someone you trust, known as your agent, the legal authority to act on your behalf in defined situations where you’re unable to do so. But what if that person becomes unavailable or unsuitable for the role? And what if […]

Discussing estate plans with your parents necessarily involves two subjects that are traditionally taboo among family members: death and personal finances. Also, such discussions entail a reversal of traditional roles. Parents have spent years providing care, guidance and advice to their children, but now it is the children who often must lead the parents. Although […]

Choosing a personal representative for your estate is a big decision and one that should not be taken lightly. Also known as an executor, your representative will be in charge of settling your estate, ensuring that the terms of your will are carried out and distributing property to the beneficiaries you have designated. These tasks […]

A pour-over will is the same as any other last will and testament. But there is one major difference — this type of will “pours” your property into a trust that you’ve set up in advance. Upon your death, the assets are distributed to your intended beneficiaries through the trust, not through probate. The usual […]

Probate is the court process by which property is distributed upon your death, either by will or under state intestacy law. Since probate proceedings can be lengthy and costly for surviving family members, you may wish to take steps to avoid it. In Arizona, there are a few ways you can cause property and assets […]