Maintaining a professional appearance and household can be very expensive. You may require revolving credits just to cover your cost of living expenses. Whether you have credit cards or take out personal loans, those unsecured debts will require repayment. Your debt...
Sun City Estate Planning Blog
When Is A Transfer-On-Death Form Appropriate As Part Of An Estate Plan?
There are numerous ways to arrange for property to go to specific people when you die. Moving assets into a trust is one solution. Bequeathing them to someone in a will is another common arrangement. However, the transfer of property in your will requires that it...
Should a right of survivorship play a role in my estate plan?
A right of survivorship is an important method for passing the title of your property on to joint tenants if one dies. Many people opt to use a right of survivorship rather than a simple will to pass on property because it is more difficult to contest. Survivorship...
Should you discuss inheritances with your heirs?
Many adult children and other beneficiaries of estates don’t know what they should expect when a parent or loved one passes away. The problem with them not knowing what to expect is that they may be caught off-guard by one person receiving a large inheritance or...
How To Protect Your Parents’ Estate From Probate In Arizona
As you help your parents with their estate planning, they may express to you a wish to avoid probate. The first thing to do is to consider the size of their estate. For smaller estates that have less than $100,000 in real estate or less than $75,000 overall, probate...
4 Mistakes To Avoid When Talking To Your Parents About Creating An Estate Plan
Bringing up your parents' estate plan may have seemed unnecessary to you for years. However, watching a co-worker muddle through intestate probate proceedings because their mother didn't leave a will might motivate you. Now you know you need to talk to your parents...
Why do people add no-contest clauses to their wills?
When you create an estate plan, you decide what legacy you leave behind when you die. Typically, people worry about providing for their loved ones and fairly distributing their assets. A will or estate plan outlines your last wishes and describes what should happen to...
Are Estate Executors Paid (And Who Pays Them)?
Maybe your parents or another family member asked you years ago if you would serve as their executor. Maybe a loved one who recently died didn't name anyone at all, but your family thinks you're the right person for the job. You know that there will be many hours of...
Who needs to worry about estate taxes in Arizona?
You need information about many different matters to craft your estate plan. You need up-to-date information about your assets and debts. You also need to understand the relationships you have with the people you love and that they have with one another. Estate...
Can I Be Named An Executor Of An Arizona Estate If I Live Out Of State?
When someone you love dies in Arizona, their estate is subject to Arizona state probate laws, regardless of where their family members and beneficiaries live. That means their estate will likely have to pass through the Arizona probate courts. Maybe this deceased...