Estate plans come in many shapes and sizes. Some people may want complex trusts that can preserve wealth for future generations, protect property, provide for charities and achieve other goals. Other people may want something relatively simple and straightforward....
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Year: 2022
Why are guardians so important?
We all know that estate planning can be complicated, uncomfortable and scary. Talking about our deaths is never easy, but if you have kids without an estate plan, you need one, now. Think about it this way: if you and your spouse pass, what happens to your kids? Who...
Selecting a health care power of attorney
Arizona law provides for health care directives or living wills that allow a trusted agent to make critical and difficult health care decisions, such as end of life care, for you if you are unable to. Agents designated in a health care power of attorney can also make...
The duty of a fiduciary: managing the assets of another
Most Arizona residents assume that they will be able to manage their assets until they die. Unfortunately, life is filled with unpleasant surprises, such as a serious illness, a traffic accident, or a crippling injury. Any of these events can deprive a person of the...
Why should new parents execute an estate plan?
Welcoming a new baby into your life can be both exhilarating and terrifying. You already love your bundle of joy, but you may be concerned about providing for them and making sure they are protected as they grow. While your immediate concerns may be about your baby’s...
The ABCs of special needs trusts in Arizona
Many Arizona families have a member who suffers from a severe disability or chronic illness; these individuals are generally referred to as special needs persons. Families with members who are classified as special needs individuals have a special challenge in...
Fiduciary services available to protect your loved ones
Many people, including older adults and adults with disabilities, may require assistance when it comes to managing their personal affairs. A fiduciary can provide such assistance by acting on behalf of another person, with the person’s best interests in mind. There...
Understanding the basics of an Arizona will contest
An unexpected death can disrupt family harmony in many ways. If the decedent has not left a will, surviving family members may fight about dividing the decedent’s assets. Even if the decedent planned carefully for division of his or her assets upon death, individual...
Should you revisit your estate plan?
You may have executed a comprehensive estate plan including a will, possibly a trust, a living will and powers of attorney for finances and health care. What you do not want to do following that is to leave that estate plan in a desk drawer gathering dust until you...
Understanding a personal representative’s responsibilities
When an individual makes an estate plan, often he or she will choose a trusted person to act as the personal representative of the estate, like a friend or family member. The personal representative of the estate has many important responsibilities and it can seem...