If you do not have an estate plan, the idea of executing one can be overwhelming. After all, you have many options to consider. Three estate planning documents you may want to start with include life insurance, a will and a trust. Life insurance Many people take out a...
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Estate Planning
Considering a special needs trust
Many people create an estate plan with a loved one’s needs in mind. Sometimes, their loved one has a disability or other needs that require their financial support. A special needs trust can provide financial support to the person who needs assistance, while still...
Are digital assets important enough to put into an estate plan?
With “buy the dip” trending on Twitter and Bitcoin hitting all-time highs, cryptocurrencies are hot topics. And, more-and-more people are adding cryptocurrencies to their portfolios, and as such, their estate plans. Though, many people forget that cryptocurrencies are...
I am the executor of an estate, what do I do first?
An executor is a spouse, adult child or legally approved representative that helps guide the distribution of an estate after the owner dies. When this power is triggered, the executor may feel overwhelmed with the amount of work that needs to be done. Step #1: Get the...
How does a divorce affect my estate plan?
When you go through a divorce, your estate plan may be the last thing on your mind. That’s completely understandable but, when you’re ready, it’s time to take another look at your estate plan and make revisions where necessary – because Arizona law makes some...
Why is it important to have an advance directive?
When thinking about the future and having legal documents drawn up, many people do not think about how important that may be later on. The idea of what might happen if they are unable to make medical decisions for themselves is not always on the forefront of their...
When to review and update an estate plan
Reviewing an updating an estate plan is an important part of the estate planning process because an estate plan should not remain stagnant as the estate planner’s life changes. To be able to review and update an estate plan, the estate planner needs to know when they...
Starting with the basics in estate planning
Many people in Arizona find themselves staring at a multitude of options when they finally get around to addressing their estate planning needs. As a result, the whole process can seem overwhelming from the start. However, when Arizona residents stick to the basics as...
Legislative proposals impact on estate and tax planning
Getting an estate plan in order is important for anyone in Arizona or elsewhere. No matter one’s age, getting your affairs in order is essential. The documents contained in an estate plan can help address where one’s property and assets go, provide protection for...
Estate planning for second marriages
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...