Assets such as an Arizona home may be transferred to your heirs at the time of your death. You may also choose to sell the home or transfer ownership of the property while still alive. Your decision will likely depend on factors such as family dynamics or the tax...
Beth Kruchek Legal Blog
How to estate plan after retirement in Arizona
Many Arizona residents spend all of their lives planning for retirement. While retirement is the end goal for many, it’s hardly where your financial planning stops. No one likes to think about their estate plan or what will happen after they die, but it’s a crucial...
Why is power of attorney so important for estate planning?
Estate planning can be a challenging process for any family. However, it should be done if you want to have your wishes honored. A power of attorney is one of the most critical elements of estate planning. Make sure you understand the entire process and all the legal...
Protect your loved ones with estate planning
No one likes to think about the end of their life or that of someone they love. Adequate planning, despite the emotional challenges, is worth the effort. It provides people with a guideline to follow, avoids legal battles, and reassures people their family will honor...
Estate planning when the Beneficiary has a mental illness
Estate planning becomes more complicated when the beneficiary has a mental illness. Then, your estate planning decisions need to take into consideration that illness. If you fail to do so, you may stop someone in Arizona or another location from getting government...
Avoid these estate planning mistakes if you have a blended family
If you are in a blended family in Arizona, it is vital to take extra steps to make sure your estate planning is done correctly. Blended families can be more complicated than traditional families regarding estate planning, so making certain mistakes is very easy. Not...
Three important reasons why you need a firearms trust
People collect all sorts of items. Whether it's for protection or as a hobby, some people prefer to collect guns. If you're a gun owner in Arizona, it's important to learn how to protect your firearms. With that in mind, here are a few reasons you need a gun trust:...
Avoiding common mistakes when updating your estate plan
Arizona residents with an existing estate plan need to review it regularly and potentially update it. Failing to do this regular review is a common error associated with estate planning, but there are also common mistakes connected to the actual review process....
Remember your beneficiary designations
Many people in Arizona are under the false impression that their last will and testament dictates everything about their estate plan. In fact, beneficiary designations can actually override what’s written in a will. What are beneficiary designations? A beneficiary...
Updating your estate plan is essential when you get remarried
If you live in Arizona, utilizing the estate planning process is essential to help ensure your wishes are met when you die. Going through a second marriage can change your circumstances quickly. If you've already created a will before this event occurs, you may need...