There are seven steps in the probate process. First, the court will have to verify the will. Then it is up to the “executor” or “personal representative” to take an inventory of the assets, pay off any debts, and distribute the remaining assets to the...
What happens after the grantor of revocable living trust dies? Phelps LaClair, serving Mesa, Chandler, and Phoenix, has heard this question hundreds of times. In fact, revocable living trust distribution is one of the things written into every trust we design. But if you have...
Not every inheritance is a welcome one. There are many reasons someone might want to refuse a bequest—a large amount could become a tax burden or disqualify them from government benefits. Or perhaps they feel that another person would appreciate it more, so they want...
When it comes to medical care and end of life decisions, people can have some very strong opinions. Even funeral arrangements can be a point of contention. So if your loved ones disagree with your preferences, how do you know that they will respect your...
The passing of a loved one can be a challenging and emotional time. And although there are many legal and financial matters to address after a loved one dies, it can be difficult to navigate through your grief. Understanding what happens to an estate after...
Have you ever wondered exactly what it means to be named as the executor of an estate? An executor has many important duties to carry out, and understanding what the executor of an estate has to do can help you make better choices. We put...
Choosing the right executor for your will is one of the most important parts of an estate plan. But what happens if you or your executor move to another state? Do you need to draft a new will? Can you have an out-of-state executor? Here’s...
If someone has chosen you to administer their estate after they’re gone, it’s normal to feel a little overwhelmed. Being the personal representative of an estate comes with many responsibilities. Luckily, the experienced team at Phelps LaClair is here to help you feel more at...