When creating an estate plan in Arizona, people have many options. For those who have been fortunate in life and have significant assets, they might focus on generosity and giving back to causes that are dear to them. Even those who do not have a large estate could...
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Estate Planning
Picking the right executor is crucial to estate planning
In Arizona, it is a conscientious step to create an estate plan. This avoids ambiguity with the person’s property after they are gone. It keeps family members from having acrimonious disagreements. And it accords the person – known as the testator – control over their...
Watch for these signs of personal representative misconduct
Serving as a personal representative for an Arizona estate is quite the responsibility. A personal representative is someone appointed to manage the estate administration process. They are appointed by being named as a personal representative in a will or appointed by...
3 ways to effectively plan for your long-term care needs
As you age, your potential need for long-term care is significant. In fact, studies show that 48% of those age 65 and older will need some type of long-term care, with 24% of people in that age group having to pay for long-term care for two years or more. This is a...
How divorce can affect your estate planning
Divorce isn’t an easy process. It’ll impact nearly every aspect of your life, from your standard of living to the amount of time that you get to spend with your children. While these issues certainly need to be addressed, you can’t overlook some of the collateral...
5 often overlooked aspects of estate planning
A lot of people make the mistake of thinking that the estate planning process is straightforward, simple, and something that they can put off until much later in life. But the reality is that estate planning can be rather complex, especially if you have significant...
Five ways to reduce the risk of an estate challenge
You’ve worked hard to build your wealth. Now, you’re ready to formulate a plan for how to leave your assets to the people you care about most. While this can be an exciting opportunity, it can also raise concerns. This is especially true if you think that someone in...
What should be included in your will?
Estate plans are for so much more than just distributing assets, although that is a significant part of it. A will, which is often the most important document in your estate plan, can be used for several purposes. Here is a list of the few things you may want to do...
Recent Declines in Estate Planning
An increasing number of Americans are disregarding estate planning, a practice pivotal for ensuring the management of one's affairs in the event of incapacitation and death. Despite the importance of planning for the unexpected, recent reports indicate a decline in...
Beware the dangers of DIY estate planning
We live in the age of information. When you need to know something, it’s easy to turn to the Internet to find the answers you’re looking for. But when it comes to creating legal documents, including those pertaining to estate planning, relying on online resources and...