As a person ages, they may need to rely on government benefits such as Medicaid or Supplemental Security Income in order to pay for nursing home care and other personal care needs. However, in order to qualify for these programs, a person can only have a nominal...
Trusted Leaders In Estate Planning, Elder Law And Fiduciary Services
Year: 2020
Fiduciary obligations and standard of care
It may come as a surprise to Tucson residents that all financial advisors are not legally required to act in their client’s best interests. This means that many people put themselves at risk when they take biased and perhaps costly advice from an advisor who is under...
Elder law attorneys can be beneficial for many reasons
Many people mistakenly believe that elder law only refers to the estate planning process. In actuality, elder law can also cover many other issues that people face as they get older. An elder law attorney can help with all of these issues and give you and your family...
Court of Appeals finds joint account not part of probate
After a loved one dies, the last thing most family members are thinking of is money. However, at some point, estate administration is needed, and the wishes of the deceased must be done. This is done through the probate process, and a recent ruling shows how...
The do’s and don’ts of an executor
Taking on the role of executor or personal representative of an estate is a serious commitment. If a loved one asks you to be their executor, you might wonder what exactly that entails. The executor or personal representative is the individual who carries out the...
Durable powers of attorney and living wills in estate planning
Many Tucson residents have firm beliefs as to how they want their medical care to be handled, especially if they are facing a terminal illness or are unable to communicate their wishes. Advanced directives – a durable power of attorney and a living will – can be...
What is Medicaid planning?
With people living longer than in generations gone by, many Arizonans, including those who have chosen to retire to this state, will need to start planning for the cost of staying in a nursing home or other retirement facility. Most people will need some extra help...
The role of public fiduciaries in Arizona’s probate system
Many estate planning devices used by Tucson residents to manage and distribute their assets after they die or if they become incompetent to perform those roles make use of a person who acts as a “fiduciary.” A fiduciary in this context is a person who has demonstrated...
Understanding important points about how to craft a will
For residents of Tucson and the nearby areas of Arizona, estate planning might not have been foremost on their minds prior to the current health situation. With other issues coming to the forefront and the speed at which a person’s life can be turned upside down,...
What is a revocable trust?
As you start planning your estate, you will need to determine which arrangement best suits your needs. You may have heard about people’s experiences in probate court, which is not only lengthy but can diminish an estate’s value through fees. If you have concerns about...