Some people establish estate plans to protect their resources as they age. For others, the main incentive is a desire to protect their closest loved ones. People who may have previously avoided estate planning may start thinking about the distant future and...
Estate planning
Utilizing life insurance in your estate planning process
Estate planning allows people to establish a very specific kind of legacy. They work with a lawyer to draft documents that allow them to allocate their resources to specific beneficiaries after their passing. What other people inherit from the estate may influence how...
Pet trusts: Ensuring your pets are cared for after you’re gone
Even people who give estate planning necessary time and thought too often neglect to include their pets in their plans. Oftentimes, they assume they’ll outlive them or that someone in their family will take them. Even if a relative or friend promises to take care of...
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 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...
