The simplest way to leave an inheritance for an individual is to name them as a beneficiary in a will. Some people have a legally-protected right to inherit when a close family member dies without an estate plan. Spouses, children and even parents can inherit from the...
Wills And Trusts
What types of artwork can be included in an art trust?
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...
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...
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...
How trusts can benefit your estate plan
Creating trusts is one of the most valuable tools in the estate planning process for Arizona residents. These legal documents can offer you and your heirs several advantages during your lifetime and after your passing. Consider these advantages when determining what...
Top reasons to choose a professional executor
One cannot overstate the importance of choosing a professional estate executor in Arizona. This individual is critical in carrying out the deceased’s wishes efficiently and legally. Understanding the key benefits will help you make an informed choice to suit your...
Why you need a will if you are single
When most people think about writing a will, they often assume that it's only necessary for married couples with children or for those with significant assets. However, this isn't necessarily true. Even if you are single, there are still important reasons why an...
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....
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...