The estate planning process in Arizona could involve more than drawing up a will. A will reflects someone's effort to address the distribution of assets after passing. Sadly, a person with a terminal disease may become incapable of making decisions about his/her...
Estate Planning
Why Should An Estate Avoid Probate?
Any major life event is reason enough to create an estate plan. Whether you're welcoming your first child or reaching retirement age, your assets must be protected in case the worst happens. Understandably, you may not want to think about such things, but an estate...
Common estate planning mistakes and how to avoid them
People in Arizona plan for a good retirement and a good life. What many individuals fail to do, however, is plan for a good end to their lives. End-of-life planning is all about getting your affairs in order to designate who will receive your assets and handle your...
The importance of eliminating confusion with an estate plan
An untimely death can be a nightmare for the family of the deceased if there is no definitive last will and testament with designated financial assignment of assets. While many situations in Arizona will merely result in a spouse taking control of all assets after the...
Common mistakes people make while planning their estate
Planning your estate is one of the best things you can do for your loved ones in Arizona. However, if it's not planned properly, your loved ones might find themselves caught up in a long legal battle. Here are a few common estate planning mistakes you should avoid at...
Why is it important to name someone for power of attorney?
It's not an enjoyable topic to discuss, but choosing someone for power of attorney is one of the most important things you can do for yourself and your family. As you get older, you might start to require a caregiver. Ultimately, you'll need someone who can make...
Why should you have a living will?
Even a seemingly healthy person may suffer an unexpected illness, health condition or injury that leaves them mentally or physically incapacitated. If unable to speak or choose for yourself, the decision regarding how to treat and care for you may rest in the hands of...
Does your estate plan address your small business?
As a business owner, your company is an important aspect of your life. You have dedicated time, money and effort into making it a success, and your estate plan should outline your wishes for that business when you pass away. What estate planning documents can you use...
How can I rest assured my estate plan is in good hands?
Choosing an executor for your estate plan is no easy feat. This person will serve as your proxy after you are gone, which is a great responsibility. That means they will be able to make major decisions regarding your estate, including things like selling off property,...
How does power of appointment function in estate planning?
The power of appointment is an aspect of estate planning that allows you to formally designate someone to oversee the delegation of your estate. While not required, your decision to entrust important decisions and tasks to someone you trust may provide you with peace...