We sometimes take our good health for granted. However, sometimes as a person in Southern Arizona ages, they come down with an illness that will cause a decline in their mental and physical abilities, such as Alzheimer’s disease. If this happens, it is important to...
Month: April 2020
Estate plans are not just for the old and wealthy
Young adults in the Tucson area may have a hard time envisioning what their life will look like as they age. They may be just starting off in their careers, newly married or unmarried at all and childless. One responsibility that may not even be on their radar is...
What happens if you die without a will or trust?
Sometimes a person puts off executing an estate plan until it is too late. If a person in Southern Arizona dies without a will or trust, their assets will be distributed to their heirs per the laws of “intestate succession.” This applies to both community property and...
Who is eligible to receive SSI benefits?
One type of government benefit meant to help those who cannot work includes Supplemental Security Income (SSI). A person may be eligible for SSI benefits if they are aged, blind or disabled and have limited resources and income, among other requirements. It is...
What are the three types of probate in Arizona?
Sometimes when a person in the Tucson area passes away, it is necessary for their estate to be probated. This may be the case if they do not have an estate plan or if they only have a will, not a trust. Through probate, a person’s estate assets will be located, any...
What to do with your estate plan after it is executed
You may have executed an estate plan that includes all the necessary documents to ensure your wishes are met both at the end of your life and upon your passing. However, once these documents are drafted there is an important aspect to consider -- what to do with these...
What is the role of a representative payee?
Many people in Southern Arizona plan on utilizing Social Security benefits as a means of funding their retirement. However, it is often the case that a person becomes unable to manage their own finances as they age. In anticipation of that possibility a person may...
How to choose your estate’s personal representative
A crucial part of estate planning is choosing who will be the personal representative of your estate when the time comes. Your personal representative will be in charge of passing your estate through probate, settling any outstanding debts and distributing your...