Becoming a parent is a joyous experience, bringing with it a multitude of responsibilities and considerations. While your focus may naturally be on nurturing and caring for your newborn, it is essential to also address your family's future and well-being. Estate...
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Review trusts before 2026 estate tax changes
If you are a high-worth individual or couple living in Arizona, you may have to rethink the trusts in your estate plan. Starting in 2026, the lifetime federal estate tax exemption drops by more than half, necessitating flexibility in your chosen trusts. Trusts to...
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...
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...
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...
Top estate planning mistakes in Arizona
Estate planning comes with a lot of benefits if you do it right. It can ensure that your assets get distributed according to your wishes. However, if you make the following common mistakes while estate planning, you could end up doing more harm than good. Not updating...
Gun trusts: What you need to know
If you own a firearm in Arizona, you want to prevent your heirs from facing issues, such as felony charges, when they receive it. The first step is to understand what a gun trust is and how it works in estate planning. For this and more information, keep reading. What...
Simple strategies for drafting an effective digital estate plan
After having drafted their wills, named their estate executors, and created trusts for children and grandchildren, many Arizona residents mistakenly assume that they're done planning their estates. However, in reality, there's always the final task of organizing...
An irrevocable trust may be challenged
Generally speaking, you lose control over any assets that are placed in an irrevocable trust. This is because you are not allowed to serve as the trustee, and the terms of such a document are tough to change. However, it may be possible to challenge the validity of an...
How common are pet trusts?
Socially, the emotional bond between pets and their owners can feel like family. It should come as no surprise that more owners in Arizona feel the need to set up trusts to care for their fur babies. This is especially true for individuals who own multiple pets. How...