Many people dread the thought of estate planning because they don’t know how to split up their assets equally. But not having an estate plan at all can lead to serious disputes between your loved ones. Although dividing an estate isn’t a one-size-fits-all task, there...
Modern technology has transformed the way we do almost everything, estate planning included. In 2018, Arizona became the third state to recognize electronic wills, or “e-wills,” as valid. An e-will functions the same as a hardcopy will, but it is a digital file instead of...
Temperatures on summer days in Arizona can reach anywhere from 90º F to 120º F. But that doesn’t mean you have to stay indoors all summer long. With proper planning, you can still enjoy a wide range of outdoor activities in Arizona this summer. Of...
Estate planning is a vital process for every family. But it is especially important for families with special needs children, because they face unique challenges. Careful planning can help you provide for your child’s future in the best way possible, and ensure they stay eligible...
A life insurance policy helps provide financial security and peace of mind for your loved ones after you’re gone. Understanding how life insurance works with your estate plan is essential for effectively protecting your assets and providing for your beneficiaries. Here’s what you need to...
A living trust keeps your assets out of probate and provides numerous other benefits as well. However, it’s important to understand the limitations of a living trust if you want to ensure that your assets are properly protected. If you’re concerned about the possibility of getting...
If you own rental properties in Arizona, you may be wondering whether an LLC is something you really need. While LLCs aren’t mandatory for rental properties, they’re certainly a good idea. A Limited Liability Company (LLC) protects assets like real estate by making them into separate...
The 4th of July is a time of celebration, patriotism, and coming together as a community. In Arizona this year there will be a wide variety of festivals and parades to enjoy that perfectly capture the spirit of Independence Day. Whether you like parades, fireworks, or...
An Individual Retirement Account (IRA) is a valuable asset, and many people choose to leave their IRA savings to their loved ones. But even though retirement accounts are not subject to probate, they do face other risks. There are no federal protections against creditors for inherited...
If you have grandchildren, you can use a generation-skipping trust to pass some of your assets directly to them. This way, you can leave an inheritance for your grandchildren without burdening their parents’ estates. And not only do generation-skipping trusts avoid probate, they also keep...