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...
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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...
Do you need a living will?
Creating an estate plan in Arizona often involves more than just drafting a will. Although a will is a vital part of an estate plan, there are other documents that are also valuable pieces of an estate plan, such as a living will. A living will details what medical...
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...
Should you create an estate plan as a young adult?
Many younger adults make the mistake of thinking that estate planning is something that only matters when you’re older. As a result, they put off creating their estate plan for years, sometimes even decades, which puts them at risk of outcomes they don’t want. In...
Three ways to protect an inheritance from being squandered
It’s taken you decades to build up your wealth. One of the great things about having accumulated these resources is securing the ability to give them to your loved ones as you see fit. Yet, if you’re like a lot of people who engage in estate planning, you’re worried...
Why might a personal representative be removed in Arizona?
In Arizona, the personal representative plays an integral role in how a person’s estate is settled after they have died. This individual is also referred to as the executor. The personal representative’s responsibilities include overseeing the testator’s assets and...
Can someone with Alzheimer’s create an estate plan?
An effective estate plan can do a lot for you and your family. While it can ensure a smooth transition of wealth that aligns with your wishes, it can also protect your family from infighting, spare you from being subjected to unwarranted healthcare and financial...
What is a power of attorney and do I need one?
In today’s complex world, it is crucial to plan for unforeseen circumstances that may affect our ability to make decisions regarding our finances, healthcare and personal affairs. One effective way to prepare for such situations is by establishing a power of attorney...