On its face, estate planning seems simple. You put together some documents that specify how you want your assets distributed once you pass away, right? True, but if you want to get the most out of the estate planning process, you should know how to utilize your...
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How Special Needs Trusts work
Compared to bequeathing money to loved ones in a will, a trust offers a much greater degree of control. A trust allows you to protect trust assets while also providing income for loved ones, as well as providing instructions for how that income will be distributed....
Key facts prospective personal representatives should know
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...
Here are some trusts that you may need in your estate plan
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...
Revocable vs. irrevocable trusts
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...
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...