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:...
Estate Planning
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...
Other sides to estate planning
The last will and testament rank as one of the essential items in an estate plan. The document establishes directives that an executor and the Arizona probate court should carry out after the testator's passing. While the will is critical to many estate plans, the...
What to consider when creating an estate plan
Any property left in your Arizona estate may be subject to probate. A quality estate plan may allow you to hold assets outside your estate or otherwise allow your property to avoid probate. Estate planning may also help ensure that your kids are taken care of after...
The basics of ILITs in Arizona
When it comes to estate planning, there are a few different options available to you. One of those options is an irrevocable life insurance trust, or ILIT. This special type of trust has many benefits, including estate and tax savings. What is an irrevocable life...
Are trusts different from wills in estate planning?
Estate planning is an important process that everyone should go through to ensure that their loved ones get taken care of in the event of their death. When estate planning in Arizona, you have the option of creating a will or trust. While both documents can help you...
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...