Our economy is constantly changing. While new markets emerge and old ones fade, even the way we view money is changing. Cryptocurrencies, for example, seem to be gaining some traction amongst the public. These digital currencies are not backed by banks, which means...
wills
Arizona firm ready to help with estate planning needs
A will can be a great estate planning tool that seeks to distribute assets after one's death in accordance with his or her wishes. However, the effectiveness of this document is contingent upon its validity. Last week we discussed some of the ways a will can be...
The ways in which a will can be contested
Mustering the courage to confront one's own mortality and engage in estate planning is no small thing. However, merely because some words are put on paper delineating how assets are to be divided upon an individual's death does not mean that its provisions will hold...
Parents more likely to divide estates unequally in wills
It is sometimes assumed that parents who are going through the estate planning process will divide their property equally amongst their children. However, this is not always the case, particularly when stepchildren are involved. A 2015 study circulated by the National...
What happens to your digital presence upon death?
As you get older, you may start preparing various estate planning documents. You may decide to create a trust to put aside money for your children's future or create a will to distribute valuable assets to family members. However, tangible assets are not the only...
Your beneficiaries need to prepare for their inheritance
As parents start the estate planning process, they will often leave some money to their children in their wills. However, simply bequeathing money to your children in your will is not enough. You will need to talk to your children about how to get the money, how to...
Over 50 percent of Americans lack an estate plan
Despite constant warnings from financial experts, many Arizona residents continue to underestimate the importance of an up-to-date estate plan. A recent survey found that over 50 percent of Americans do not even have a basic estate plan in place. Many of these people...
Can you simplify finances to make things easier for relatives?
As we begin to get older, particularly as we enter our 50s, it becomes even more important to organize our finances and prepare for the future. Drafting a will, creating a trust and drafting other parts of an estate plan require us to make sure our finances are in...
Important information you need to know about wills
As you begin the estate planning process in Arizona, it is important for you to be aware of how wills work, as they can have a major impact on your and your family's future. Most people are aware that wills are used to distribute your assets to certain people after...
Estate planning requires more than just a will
Many Sun City residents assume that the only estate planning they need to do is deciding who gets the family home, or other important assets, once they pass away. While writing a will is a crucial part of the estate planning process, it is far from being the only...
