Many couples in the Tucson area are in their second (or third+) marriage. Although a new marriage can be a fresh start from the death or divorce of a spouse there are important things for a couple to consider when it comes to estate planning. Remarriage can bring up a...
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Year: 2021
Are you struggling to talk to your parents about estate planning?
As our parents age, most of us find ourselves more concerned about their physical, mental, and emotional wellbeing. But there’s another aspect of your parents’ lives that may leave you with an unsettled felling: their estate plan. In our society, discussing sensitive...
The importance of a financial power of attorney
People who are going through the estate planning process usually get advice on the importance of advanced directives such as a living will or a durable power of attorney to accompany their will or trust. But as part of planning for the future, it is wise to consider...
What are the eligibility requirements for ALTCS benefits?
The decision to put a loved one in a nursing home is not easy especially if you are concerned about how you will afford nursing home care. The state of Arizona recognizes these challenges and offers a state insurance program known as the Arizona Long Term Care Systems...
The benefits of a spendthrift trust in Arizona
A common estate planning question for wealthy Arizonans is how can the assets in the estate be protected from claims of creditors of the beneficiaries and how can the beneficiaries (or some of them) be prevented from squandering their inheritance. The answer to both...
Drafting a will and what not to include in it
Establishing an estate plan is often thought of as something one does later in life, when one has entered retirement. However, this is now considered to be getting late to the game, as there are many benefits to creating an estate plan during one’s younger years. The...
Breach of the fiduciary duty and how to spot it
Sorting out an estate after an individual’s passing isn’t always as easy as it seems. Sure, if the individual left a detailed estate plan then the instructions for disbursement of estate assets should be pretty clear. But these matters are handled by estate executors...
What is the representative’s role with a living will in Arizona?
In Arizona, people who are taking the necessary steps in having a comprehensive estate plan will need to consider all the potential scenarios that might impact their life. One that frequently arises is having a living will. This is also referred to as an advance...
Including a charity in an estate plan
People may choose to include charities in their estate plan for a variety of reasons. It may be to honor a family tradition or to support an organization that provided services to them during their lifetime. Bequests A simple way to contribute to the charity is to...
What to guardians and conservators do?
Estate planning is an important step that all Arizona residents should take to prepare for the future and protect their wealth from the uncertainty that comes with growing older. Adults of any age can benefit from working with estate planning attorneys to map out...