Probate courts help protect those who lose loved ones. The probate courts oversee estate administration to ensure that personal representatives follow the instructions of deceased individuals. They also help ensure the proper application of intestate succession rules...
Sun City Estate Planning Blog
Why is it so important to regularly update an estate plan?
Many people make common estate planning mistakes. The most common and dangerous involves indefinite procrastination. Quite a few people put off estate planning and may eventually die or experience a medical emergency without the protection of estate planning...
3 ways to address a primary residence in an estate plan
Every adult putting together an Arizona estate plan has different priorities. For some people, preparing for incapacity as they age is a top priority. For others, ensuring that a guardian is available to take care of their children might be the most important...
How to prepare for a smooth probate process
The probate process helps protect the rights of creditors, heirs and beneficiaries. By having the courts oversee aspects of estate administration, Arizona limits the possibility of misconduct and oversights causing financial damage to interested parties. Some people...
How can I minimize estate taxes?
The more successful someone has been throughout their life, the bigger their final legacy may potentially become. Resources that they have saved and accumulated through professional success or investments could help support their loved ones or even charitable causes...
A common mistake people make when disinheriting a child
Some testators establishing Arizona estate plans have very straightforward goals. They want to provide for their spouses and leave each of their children or grandchildren an equivalent share of their remaining assets. Other people have very unique desires because of...
Estate planning concerns if you live in two states
Arizona has become one of the more popular destinations for retired adults. There are many snowbirds in Arizona who spend the colder seasons in Arizona and the remainder of the year in the state where they lived and worked previously. There are also people who work...
What is a power of attorney?
Creating your estate plan involves more than just saying who gets which assets after you’re gone. A primary component of a plan is setting up guidelines for healthcare and finances if you’re incapacitated. This is done by setting up power of attorney designations. The...
Understanding Ancillary Administration in Sun City
Ancillary administration in Arizona comes into play when someone passes away while their ownership of property in more than one state remains intact. This secondary probate procedure is necessary to properly distribute or transfer the deceased's assets in Arizona if...
Can I have more than one trustee in Arizona?
A trustee is a person responsible for managing and distributing the assets held in trust according to the terms laid down by the grantor. That means that the trustee plays a critical role in safeguarding the interests of the trust’s beneficiaries, as well as making...