Arizona property owners who do not already have an estate plan may want to start thinking about how to pass their property on after they pass away. If a person holds a joint tenancy with a right of survivorship and only one owner dies, the other owner will take full...
Estate Planning 101
Drafting several powers of attorney for simplicity
People in Arizona can write powers of attorney to give others the power to act for them if they become incapacitated and are unable to make important decisions for themselves. In some cases, it might make sense to draft several powers of attorney to grant the...
Do you have a succession plan for your business?
Be more organized, improve your networking and give back to the community are some common resolutions small business owners make year after year. You may be among those who hope to increase your sales and your own business savvy at the same time over the next 12...
Are you worried your children will fight over who is executor?
Though you have undoubtedly loved every minute you have been able to spend with your children, you have likely also felt frustrated with them at times. You probably had hopes that your children would get along and be the best of friends, but it may have turned out...
How pet trusts work
If you consider your companion animal a part of your family, you may want to ensure his or her care continues after you die. It may be sad to think about your pet outliving you, but you can dedicate finances to pet care and lay out specific directions by creating a...
The wisdom of a digital asset protection trust
Classic business models face increasing challenges with the meteoric increase of both digital data and its storage. Systems for the creation and preservation of such data also change at a rapid pace. When one digital protection system is in place, a new system is...
2 methods of reducing estate tax
When you work on your estate plan, chances are, one of your main goals is to figure out how to maximize the amount of wealth you leave behind for your loved ones. While you may want to consider any number of different avenues that may help you accomplish this,...
What are the primary advantages of trusts?
As an Arizona resident trying to figure out the best way to preserve your wealth for your loved ones down the line, you may be exploring your options and trying to determine how to maximize what you leave behind. While a traditional will is one way to leave something...
Remember to include pets in your estate plans
Estate plans can be so complicated that you may unintentionally exclude something important. Just covering the basics, such as a will and power of attorney, can be overwhelming enough. Having legal assistance can relieve much of the burden and help you realize areas...
How to stop family squabbles over your estate plans
If you have already created your will and feel your estate plans are solid, you might be sadly mistaken. While your family should be grieving and coming to terms with your passing, they might end up fighting amongst themselves over the contents of your will. It...
