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Estate planning in Arizona often focuses on crafting a will or a trust. These are obviously important, but there are other vital areas that can be covered through an estate plan. Two of them are a living will and a durable health care power of attorney. Rather than...
Being the personal representative of a person’s estate is a significant responsibility under Arizona law. The personal representative is appointed by the court to perform the duties after a person dies. This is to distribute assets, oversee their affairs and...
Are you overwhelmed by the estate planning process? It is understandable if you are. There are a lot of options out there and making sense of them all can be difficult and time-consuming. But if you want to protect your assets and your loved ones, you need to know how...
In your will you can designate someone to serve as the executor of your estate. This is an important role, as the executor will be tasked with overseeing the probate process, ensuring all assets are collected, debts and taxes paid, heirs are located and finally...
Trusts are highly customizable estate planning documents, and can be adapted to many needs, but they generally fall into one of two categories: revocable or irrevocable. In one sense, the difference between these two types is as simple as their names: revocable trusts...
From a practical standpoint, estate planning functions on contingencies. All plausible alternatives require consideration based on priorities and current circumstances. The most prudent person, however, cannot fathom every scenario. A beneficiary who predeceases the...
It’s normal to worry about how your estate is going to be used once you’re gone. After all, we’ve all heard stories about squandered wealth and mismanaged inheritances. But don’t let the stress of estate planning deter you from taking the action necessary to ensure...
When creating an estate plan, an individual is likely to name an individual they trust to administer their trust or estate after they pass. Oftentimes, this individual is aware of this and is prepared to take on this role. Despite having prior knowledge of this role,...
When you execute a will, you want to ensure that your last wishes are carried out in the way you see fit. What you don’t want is infighting amongst your relatives or challenges to your will which may drag out the probate process. You may consider adding a no-contest...
For many people, probate court resolves contentious issues of an individual who passed away, such as omitted beneficiaries in a will or the terms of a trust. Conservatorships, however, provide a means by which individuals, known as conservators, assume legal...
