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...
Estate Planning
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...
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...
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...