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Many Arizonans think of wills as simple documents they can utilize to dictate how their assets will be distributed upon their death. While this is true in a broad context, these estate planning vehicles can be quite detailed, and they are automatically legally valid....
If Sun City residents have heard of the estate-planning debacle surrounding the estate of famed singer Aretha Franklin, then you know just how dangerous it can be to forego estate planning altogether. Yet, even mediocre estate planning can prove problematic. It can...
One of the greatest benefits of estate planning is the fact that it is a custom-tailored process that can be modified to suit your needs. Although many find great relief in the number of options available to them, others find the matter completely overwhelming. They...
Figuring out how to leave assets to loved ones can be more challenging than expected. You might start out wanting to evenly divide your estate, then find yourself considering the type of relationship you have with each identified beneficiary and heir. This can be a...
When you get around to drafting an estate plan, your life may look one way. Years later, however, things may change, and your life may have gone in an entirely different route. Updating your estate plan is something particular life events dictate. For example, getting...
Most estate plans leave assets to spouses and the testator's children. When multiple children are involved, a significant number of estate planners choose to distribute their assets equally amongst them. This isn't a requirement, of course, and many individuals feel...
Blended families are common across Arizona. Within these families, children from previous relationships are brought into the familial fold, sometimes with open arms and sometimes with conflict. Regardless of the relationship that forms between these individuals,...
Most people who engage in estate planning simply want to make sure that their loved ones are financially cared for after their passing. There are many ways to do this, of course, which is why individuals who find themselves in the midst of this process should...
Serving as the executor of an estate or the administrator of a trust carries significant responsibilities. When those responsibilities are improperly handled, legal action can be taken against an executor or administrator. Therefore, before agreeing to serve in this...
While it is important for everyone to create an estate plan as they grow older, doing so is particularly important for you if you have a disabled or special needs child who will require considerable care in your absence. Providing lifelong care for your disabled child...
