Category: Estate Planning

Traditionally, many people name their oldest adult child to be the executor of their estate – but this is done out of a sense of propriety, not necessarily rationally. Selecting your oldest to be your executor could, in fact, lead to numerous problems. Consider these: There may be a huge potential for family conflict Younger […]

Probate can be a time-consuming and costly process that may exacerbate family stress during an already difficult time. While there are several ways of avoiding the process in Arizona, many people do not engage in estate planning proactively in this way. The following are several benefits you can gain by working with an experienced legal […]

Are you a military veteran or still in active service? If yes, thank you for your service. Know that estate planning is a great way to better ensure the smooth transfer of assets, provide for loved ones and plan for the future. Understanding unique considerations for veterans and active military personnel can help you to […]

A POD account is another name for a Payable On Death account. Due to the paperwork that is used to set this up, it is also sometimes referred to as a Totten Trust. It can be an important part of your estate plan as you pass assets on to the next generation. You can often […]

Making an estate plan is important, and it is typically wise to do this well in advance. People pass away unexpectedly every day. If you procrastinate estate planning, there is a chance that you could leave your family with no plan at all. At the same time, people are sometimes concerned that making an estate […]

When making an estate plan, it’s important to consider your medical future. You can’t always predict exactly what is going to happen. But your estate plan can take some steps to ensure that your response is already prepared. One way to do this is to use a medical power of attorney. You can use this […]

You can use your estate plan to select a guardian for your child. If you pass away while that child is still a minor, the guardian then takes over and helps raise them. Since this person would be a substitute parent, it’s very important to choose the right individual. Doing so can be difficult. This […]

Asset protection plans are useful vehicles for safeguarding your wealth and ensuring that your assets are protected from potential creditors, lawsuits and other financial risks. As such, they should be prepared with extreme care and attention to detail to maximize their effectiveness and legal compliance. Getting guidance from experienced legal professionals can help avoid the […]

The general public often thinks that estate planning is only for the elderly or those with life-threatening illnesses. The truth is that it’s never too early to start an estate plan. Whether you are married or not, preparing for the future is always a good idea. Making an estate plan now is the first step […]

You start your estate plan with a focus on financial assets. You want to preserve your wealth, perhaps maximizing the amount that gets passed down to your descendants. You may want to use trusts and other estate planning tools to guide how wealth is handled moving forward. But you also have children of your own, […]