Owning multiple properties can be a dream come true. Maybe you bought a vacation home in California and a ski cabin in Colorado, or you own rental properties in Florida. Property ownership can be an exciting venture, especially while you’re enjoying the benefits of your investments. But when it comes to transferring those properties to…
Estate planning is often a very emotional process. It can bring up a lot of tricky questions, like whether or not you should leave an inheritance for an estranged family member. Can you legally disinherit your own child in Arizona? The short answer is yes, but with certain caveats. How disinheritance works in our state…
Losing someone you love is never easy. Between the shock, the sadness, and all the details that suddenly need your attention, it’s hard to know where to start. And there’s a long list of difficult tasks to tackle, like making calls to family and friends or sorting through papers and personal items. If you’re feeling…
Not every family story is the same. Many people face complicated or strained relationships with children, siblings, or other relatives that lead to estranged relationships. If this describes your situation, it’s important to recognize how estrangement can impact what happens to your assets after you’re gone. Estate planning for estranged families comes with unique challenges,…
When it comes to estate planning, most people think about protecting their homes, bank accounts, or family heirlooms. However, if you own firearms or other restricted items, the planning process can be more complex. Arizona has relatively permissive gun laws compared to other states, but there are still important state and federal regulations that come…
Like any other type of family business, your farm or ranch is your legacy. It represents decades of hard work, and often the work of several generations. But all of that dedication and family history could be lost if you don’t have an estate plan. A carefully structured estate plan will keep everything running smoothly…
Only nine states in the U.S. follow community property laws, and Arizona happens to be one of them. If you’re married and living here, this means that nearly everything you and your spouse acquire during your marriage is considered jointly owned. Your joint property can include your home, your income, and even your retirement savings….
Estate planning is one of the most important steps you can take to make sure that your financial and health care wishes are honored during a time of disability and after your death, and to make sure your loved ones will be provided for in your absence.
A vacation home isn’t just a place to escape the daily grind, it’s a home away from home that’s full of cherished memories. When it comes to estate planning, vacation properties require special attention. They may be subject to estate taxes and additional probate fees, unless you plan ahead. If you live in Arizona and…
If you have keepsakes or family heirlooms that you’ve put away, it’s important to document them now rather than later. In fact, documenting your family heirlooms is an important part of the estate planning process. Because estate planning isn’t only about financial matters—it’s also about leaving a legacy and preserving your family history. Whether you’re…
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