The role of an executor of an estate is an important one. For that reason, estate planners should know what to consider when selecting an executor. Important considerations when selecting an executor The executor selection should be carefully made and there are...
Trusted Leaders In Estate Planning, Elder Law And Fiduciary Services
Tucson, Arizona, Legal Blog
Three tools to have in your estate planning kit
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...
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...
When might formal probate be needed in Arizona?
In Arizona, when a loved one dies, people will have many issues to navigate. Often, there is an estate plan that will serve as a guideline for what the person who died – the testator – wanted. That includes how their assets will be distributed, if there were...
Can I create an electronic will in Arizona?
Now more than ever, people in Arizona are using electronic options in their everyday life. This is partially due to convenience and, as the past two years have shown, it can be beneficial to safety. Not everything needs to be done in person and it is efficient to...
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...
Fiduciary duty in probate administration
Losing a loved one is never easy. The emotional toll can be significant, and merely trying to figure out how to handle his or her estate can be enormously stressful, especially if you’ve been named the estate’s executor or you have concerns about how another...
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...