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...
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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...
Avoid these six mistakes when creating your estate plan
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...
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....
Trusts designed for estate longevity
A sound estate plan can leave you feeling confident that your assets are going to be in good hands when the time comes. But as time goes on, you might find yourself concerned about the viability of your loved ones’ ability to maintain the long-term stability of your...