Art collectors often face the challenge of protecting and preserving their valuable collections after they are deceased. An art trust can offer a reliable solution, allowing collectors to specify how their artwork will be managed, displayed and distributed after they...
Beth Kruchek Legal Blog
3 matters that people should not address in a will
A will is often the foundation of a broader estate plan. Quite a few testators begin with a will and then draft other documents. Some people try to achieve all of their major legacy goals with one document. Regardless of how many estate planning documents individuals...
Disinheriting a beneficiary increases a risk of will contests
Individuals who own valuable property have the right to decide what to do with those assets throughout their lives. They can also determine what happens with those resources after they die. In theory, a will or other estate planning documents can give the testator...
How can people prepare for incapacity as they age?
Creating a basic estate plan to establish a legacy and protect family members can be a smart choice. Many people also need to consider establishing documents that take effect while they are still alive. Paperwork addressing the very real possibility of incapacity due...
3 reasons a pet’s needs may warrant the benefits of a trust
Pets can become an important part of a family. They can provide companionship and an incentive to exercise. They can teach children about personal responsibility and the needs of others. In some cases, the pets that people love also require consideration in their...
2 specialty trusts to consider in Arizona
People who are creating an estate plan often have personalized goals they want to achieve via their plan. One way to move forward involves trusts, which serve as legal tools to manage assets and then distribute them according to the creator’s instructions. Certain...
Do stepchildren have the right to inherit from an estate?
One of the fastest ways to grow a family is to marry someone who already has children. Stepparents gain not just a spouse but also dependents when they marry someone who already has children. It is common for stepparents to have a close bond with their stepchildren...
The risk of naming a minor child as a beneficiary in a will
Those with children or grandchildren often want to ensure their comfort regardless of what the future holds. Naming a young adult or child as a beneficiary in an Arizona estate plan is one way to achieve that goal. Parents, grandparents and other concerned adults can...
What should you know about trusts as part of an estate plan?
Creating an estate plan is a critical task for adults. Once a plan is made, it provides a testator’s loved ones – and the state – with specific instructions related to the end of that person’s life and what should happen to their assets after they pass away. There are...
Why creating a digital will with a downloaded form is risky
The internet has made life infinitely more convenient in many ways. Unfortunately, online resources also add a layer of complication to many aspects of life. People can fall victim to misinformation and even scams that put them at legal or financial risk. For example,...