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...
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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...
Are you struggling to talk to your parents about estate planning?
As our parents age, most of us find ourselves more concerned about their physical, mental, and emotional wellbeing. But there’s another aspect of your parents’ lives that may leave you with an unsettled felling: their estate plan. In our society, discussing sensitive...
The importance of a financial power of attorney
People who are going through the estate planning process usually get advice on the importance of advanced directives such as a living will or a durable power of attorney to accompany their will or trust. But as part of planning for the future, it is wise to consider...
What are the eligibility requirements for ALTCS benefits?
The decision to put a loved one in a nursing home is not easy especially if you are concerned about how you will afford nursing home care. The state of Arizona recognizes these challenges and offers a state insurance program known as the Arizona Long Term Care Systems...
The benefits of a spendthrift trust in Arizona
A common estate planning question for wealthy Arizonans is how can the assets in the estate be protected from claims of creditors of the beneficiaries and how can the beneficiaries (or some of them) be prevented from squandering their inheritance. The answer to both...
Drafting a will and what not to include in it
Establishing an estate plan is often thought of as something one does later in life, when one has entered retirement. However, this is now considered to be getting late to the game, as there are many benefits to creating an estate plan during one’s younger years. The...
Breach of the fiduciary duty and how to spot it
Sorting out an estate after an individual’s passing isn’t always as easy as it seems. Sure, if the individual left a detailed estate plan then the instructions for disbursement of estate assets should be pretty clear. But these matters are handled by estate executors...