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Estate Planning Tips for Blended Families
Make sure your legacy and all your heirs are protected Every day, hundreds of new "blended families" are formed in Arizona and throughout the United States. If you and/or your spouse have children from a previous relationship, your estate planning situation may be more complex, especially if you also have children from your current marriage....
Read MoreCan You Write a Will Without an Estate Planning Lawyer?
You can draft a Will without an estate planning attorney—but should you? One of the most important legal documents individuals should create is a Last Will and Testament. But what is a Will? Why do you need one? And are there other alternatives to this legal document in Arizona? Below, you can find the answers to...
Read MoreMistakes to Avoid When Choosing Your Personal Representative
One of the most important decisions you can make when planning your estate is your choice of personal representative (also known as an executor) in your Last Will and Testament. Your personal representative will play a key role in the probate process by preparing an inventory of your assets, filing your final tax return, paying...
Read MoreWhat is the Probate Process in Arizona?
Understanding how the legal proceedings play out when someone dies Probate is simply the legal process that occurs when someone passes away. The probate process determines how the estate (the deceased person's money and property) will be administered and distributed to their heirs and beneficiaries. Under Arizona law, a Last Will and Testament must be...
Read MoreEstate Planning During a Bear Market
The power of a plan is never more important than when times are tough Thanks to inflation, rising interest rates, the war in Ukraine, and other economic factors, the S&P 500 officially entered a bear market on Monday, June 13. The definition of "bear" is fairly arbitrary — it means a 20% decline from recent...
Read MoreMore Than Two-Thirds Of Americans Do Not Have An Estate Plan
People of all ages can benefit by talking to an estate planning attorney If you've been thinking about talking to an estate planning lawyer but keep putting it off, you're not alone. An estimated 67 percent of Americans do not have a will, living trust, or any other estate planning documents for important end-of-life decisions,...
Read MoreThe Pros and Cons of a Living Trust
Arizona families have many options at their disposal to plan for the future, and one of the most versatile options is a living trust. While trusts may be associated with the rich and famous in popular culture, the truth is that they can be useful for people from all walks of life, depending on your...
Read MoreDemand for Estate Planning Grows for Millennials Caring for Family
Estate planning decisions can be complicated for people of any age. This includes millennials, who have discovered the challenges of estate planning as more of them care for older family members. And unlike previous generations, millennials want to plan differently for the future, according to a recent study by Trust & Will as reported by...
Read MoreIt’s Never Too Late — or Too Early — To Set Up an Estate Plan
Arizona estate planning attorneys explain why everyone needs a plan for the future They say there are only two certainties in life - death and taxes - and most people don't like preparing for either. When people skip planning for these inevitabilities, however, a third certainty emerges - conflict. If you die without a will,...
Read MoreWhy Arizonans Need An Estate Plan In 2022
If the last couple of years has taught us anything, it is to expect the unexpected. To that point, Arizona, 2022 is the year to get your estate in order. Everyone has an estate. No matter how much money you make, whether you have children, own a home, etc. you have items, finances, and/or real...
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