Believe it or not, Millennials are now legal adults. This means that they, too, are dealing with the common financial decisions that face most Americans. However, given their unique position in the world, Millennials face some different challenges that may make it...
Sun City Estate Planning Blog
Some things to consider when administering an estate
Dealing with the loss of a loved one is challenging to say the least. Many individuals find the emotional turmoil overwhelming without even having to deal with other issues. Unfortunately, many people have to deal with their lost loved one's estate, which can...
Trustees and the fiduciary duty
Serving as the administrator of a trust, also known as a trustee, can be a great honor. In many instances, an individual has named another person in his or her will to serve as the administrator of a trust because he or she trusted the sound judgment of the named...
Our Sun City firm is adept at utilizing trusts
If you find yourself hesitating to take the plunge into estate planning, you're not alone. Many Arizonans procrastinate when dealing with their estate, and for a variety of reasons. Some are afraid to confront their own mortality, while others are simply overwhelmed...
Three key components to effective estate planning
Estate planning can be an intricate process. Depending on the circumstances, numerous legal documents may need to be drafted, and the language in key provisions can be critical to their interpretation. Therefore, a lot of care needs to go into the drafting of these...
Revoking a power of attorney
As you likely know, there are dozens of legal and financial decisions to make over the course of a lifetime. If you are healthy and mentally fit, making your own decisions probably makes sense. Of course, it is not hard to imagine a scenario in which you may be...
A pour-over will can be an efficient estate planning tool
Readers of this blog might be aware of the numerous estate planning tools they have at their disposal. Many Arizonans choose to utilize a living trust as part of their estate plan as it allows assets to bypass the probate process. One of these trusts can also give a...
Wills and the letter of instruction
Creating a will is a strong first step when it comes to estate planning. This document, even in its most basic terms, can be a powerful way to ensure that one's estate is appropriately addressed after his or her death. When a will isn't created, the distribution of...
A primer on the revocable trust
There are many estate planning legal documents that an Arizonan can utilize to ensure that his or her assets are handled in accordance with his or her wishes. For some, this means creating a simple will. For others, more extensive planning is needed. One of a variety...
What is the ancillary probate process?
The way in which estate plans are created and estate assets are distributed are dictated by state laws. Therefore, those who are familiar with their state's laws can usually craft an estate plan that suits their needs. In some instances, though, these matters can be...