As people start the estate planning process, they often forget to consider their pets. While a friend or family member may have offered to care for your pet should anything happen to you, they may be underestimating the time and money required to take care of the pet....
trusts
How to prepare for the end of a trust
As many Arizona residents start to think about estate planning, they start considering trusts as a way to distribute their property upon their death. Trusts can offer your family security and stability during an otherwise difficult time in their lives. Trusts can help...
How can I get started with estate planning?
We often hear how important it is for us to start preparing for the future, particularly when it comes to our assets. Without a thorough estate plan in place, your children or other relatives may end up in a bitter dispute over the family home or other valuable...
Why you should “trust” trusts as part of your estate plan
Trusts are often the best way for Arizona residents to distribute assets without having to worry about the costly and time-consuming probate process. There are many benefits to using a trust in Arizona. For one thing, a trust can offer protection. When someone passes...
Should I create a special needs trust for my child?
One of the best ways to protect your children's future is to create a will and designate them as beneficiaries. That way, they will be taken care of after you and your spouse are deceased. This may seem simple enough, but the process becomes much more complicated if...
Older parents with young children should consider estate planning
As we get older, estate planning becomes an even more important necessity. Without a solid plan in place to distribute your assets, your loved ones may not have access to your property upon your death. Legendary musician Billy Joel, at the age of 68, recently...
Can I make changes to my trust?
Arizona residents who have started the estate planning process may be concerned that they will not be able to make changes to their trusts once they are finalized. Fortunately, most trusts are both revocable and amendable, so you may be able to make multiple changes...
What are the types of trusts available to me?
On our website, we often discuss the importance of planning for your family's financial future and how trusts can be extremely useful, even if you don't have a lot of assets. Once you have decided to begin the estate planning process, it is important that you talk to...
Arizona residents may have misconceptions about trusts
Forming a trust can be a great way to help manage assets and make sure they are legally distributed to the right parties when one passes away. However, residents may be weary of using a trust due to a few common misconceptions. A financial planning expert debunked...
Revocable trust can help you distribute your estate to loved ones
Many people put off deciding who to leave their estate to when they pass away. Unfortunately, many people die unexpectedly in Arizona without a plan and their assets go to unintended beneficiaries or the probate process delays the distribution of the property...