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Estate planners may understand the value of having a will but should also understand the importance of knowing when to change a will. Estate planners may ask the question when they should change their will and it is helpful for them to be familiar with the different...
Many Tucson residents have heard of wills and understand that they serve a purpose in the estate planning process. A will is a testamentary device that provides the heirs and beneficiaries of a decedent’s end of life estate with instructions on what the decedent...
As our parents age, there may come a time when the children have to make decisions about their long-term care. If they become incapacitated physically or mentally, it can affect not only their judgement or memory, but also their ability to take care of themselves. The...
Recently on the blog we discussed special needs trusts and how they might benefit your estate plan. This week, we want to a take a closer look at these trusts so that you have a better understanding not only in regard to what they have to offer, but also where their...
Many elderly people move to Arizona to enjoy its climate, especially in the winter months of December, January, February and March. Coupled with the aging of its existing resident population, the migration of elderly persons has meant that the number of disabled...
Virtually every estate plan in Arizona makes some use of a fiduciary. Some plans rely more heavily on such persons, but at the very least, every will admitted to probate requires a trustworthy person to gather assets and ensure that the decedent’s testamentary...
Most Arizona residents know that estate planning is an important task, but they may put it off for a variety of reasons. For example, some people may think that they don’t have sufficient assets to worry about estate planning – yet. Or, they may believe that the...
Like many people, you may think that your will’s sole function is to establish who your assets will go to when you die. Yet, you and your spouse might have recently become parents for the first time. With a newborn in the picture, you must also consider who will take...
An estate plan provides important protections for estate planners and peace of mind for both them and their families. To set up an estate plan that meets the estate planner’s desires and goals for their estate plan, it is important for them to be familiar with the...
Our readers in Arizona may have seen a previous post here that discussed why some people put off the important task of estate planning. Another important topic is how “myths” and misconceptions about the estate planning process can also lead some Arizona residents to...
