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...
Estate planning
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...
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...
How many adults do not have a valid estate plan?
Most adults would agree with the claim that estate planning is a smart and necessary step for someone to take. They know that an estate plan is how someone chooses a guardian for their children and beneficiaries who will receive their assets when they die. They may...
What are the benefits of charitable giving via an estate plan?
One of the many reasons that people put together an estate plan is that they have wishes that extend beyond just passing assets to their closest family members. Leaving some of their personal resources to a charitable cause is a common motivator for testators. They...
5 times when you need to update your estate plan
An estate plan needs to be updated over time. Ideally, people will make a plan long before their family needs to use it. They then have to make adjustments and updates as the years go by to ensure that it remains current. One way to better ensure that documents remain...
Why New Homeowners Should Create An Estate Plan
Becoming a homeowner is a huge accomplishment – but it also comes with a lot of responsibilities. One of those responsibilities that may not be immediately apparent is the need to create an estate plan (or update the one you already have). Not only is a home a very...
The impact that strategic gifts can have on a large estate
When someone has significant personal property in their name, their estate planning needs will be different than those with fewer personal assets. They need to worry about taxes, outside claims against their estate and how loved ones might misuse a large inheritance....
