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Wills And Trusts

Reasons for establishing a pet trust

Pet owners love their pets and may want to ensure that their beloved companion receives care during their lifetime and after their death. A pet trust assures that your wishes are in force so that your beloved animal has funded visits to their vet or other necessary...

When a living trust may be needed

Besides wills, trusts can also be part of an estate plan to control assets. Without a will or trust, a person's assets will get divided according to Arizona state law after they pass away. One popular type of trust is the living trust, which has many benefits....

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...

Understanding how wills work

Arizona property owners who do not already have an estate plan may want to start thinking about how to pass their property on after they pass away. If a person holds a joint tenancy with a right of survivorship and only one owner dies, the other owner will take full...

Estate Planning 102: Probate

The second part of the Wikipedia definition explains that Estate Planning "attempts to eliminate uncertainties over the administration of a probate . . ."Probate? This sounds complicated. Will it hurt?? Well, only a little bit. (Just kidding . . . sort of). Seriously...

Estate Planning 101: Stuff

The late comedian George Carlin was known for his satirical observations of everyday things. One of his most famous performances was entitled "A Place for My Stuff," which was a brilliant commentary on how people view their belongings, regardless of its value. In...