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Estate planning is often seen as a way to dictate how assets will be distributed to one's family upon death. This can sometimes be a pretty straightforward process, especially when assets are to be divided amongst a spouse and children. Since this is the prevailing...
It is vital for people to create estate plans when still in the right state of mind to do so. They need to ensure all their assets and belongings go to the proper parties, or else significant confusion could arise upon the person's death. This confusion can also occur...
There are many issues to consider when estate planning. This is especially true to those who have a significant number of assets. For these individuals, merely identifying and valuing all those assets can be a headache. Of course, not everyone has vast amounts of...
Effective estate planning is crucial to avoid probate litigation. Those who have ambiguous or vague plans can see their estates' financial health deteriorate significantly while litigation is drawn out. Such legal action can also lead to familial strife that can last...
The definition of family has certainly broaden over the last 50 years. Back then, most families were comprised of married men and women who had children and who stayed in their marriages until death. In the modern world, though, there is no "normal" family. In fact,...
Getting divorced is no easy matter. While it can leave some individuals feeling emotionally devastated, others may be excited to start a new chapter in their lives. Regardless of which side of the spectrum on which a new divorcee falls, the stark reality is that...
If you are young, you probably do not think much about either retirement or the final years of your life. As you reach middle age, though, your outlook is likely to change. If you have not thought about long-term care, you may be missing the boat. A growing number of...
It's no secret that the estate planning process can be scary. It requires you to contemplate your own passing, and it forces you to take a hard look at your assets and your estate's financial health. This is enough stress to cause most people to procrastinate when it...
Previously on this blog we have discussed certain estate planning tools that can be utilized to address issues that are less often thought of during the estate planning process. While most people are familiar with wills and trusts and will use one or a combination of...
Many Arizonans put off estate planning until it's too late. There are many reasons this occurs, but one of the most prevalent is the fact that most people simply want their spouse and their children to inherit their estate. However, depending on the circumstances at...
