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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...
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...
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...
As you go through the estate planning process in Arizona, you will find that in order for you to pass property to someone else through a will, the property may have to go through probate. The trust and probate administration process can be complicated, but there are...
Creating an ordinary will to determine what happens with your worldly goods is important. Figuring out who gets your real estate, savings and sentimental items is a crucial part of estate planning. However, you should do some estate planning for your digital...
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...
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...
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...
As you enjoy your retirement and begin looking towards your future, estate planning is an important concern. You need to consider how you want to manage your affairs as you age, and in particular, how you want your affairs handled after your death, or in the event you...
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...
