Estate administration involves accepting responsibility for someone else’s legacy. The personal representative of an estate must attend probate proceedings, properly manage estate resources and comply with the instructions left by the decedent. Often, estate plans include a small amount of compensation for the services rendered by a personal representative or executor. However, the trade-off is […]
Estate planning is an essential process for new parents. It offers a sense of security and assurance that their child’s future is protected, despite what unexpected events life may bring. Estate planning may seem daunting, especially during the busy and often overwhelming period of welcoming a new child, but it shouldn’t be pushed off. If […]
Many adults in Arizona never get around to estate planning. Even those who do often seek out the fastest solutions possible. Instead of creating a comprehensive estate plan, many testators just draft a will. If there were only one other document that someone might need to consider including in their estate plan, it would probably […]
The decision to create a will is one that you should never take lightly. Done right, a will can ensure that your hard-earned assets go to the right people when you die. Without a will, your assets would be distributed per Arizona intestacy laws. For your will to be enforced, however, it must go through […]
A will is an estate planning tool that allows you to determine who will inherit your estate when you die. With a valid will in place, you can have peace of mind knowing that your hard-earned assets will go to the right people and causes when you die. For your will to be valid, however, […]
Approximately 49 percent of men and 64 percent of women reaching age 65 today will need long-term care in their lifetime. But affording it can be a challenge. For some, long-term care insurance can be an effective way to prepare for future healthcare needs without breaking the bank. While long-term care planning can seem overwhelming, […]
Many older adults rely on Medicaid to help cover medical expenses, long-term care needs, and nursing home assistance as they age. However, eligibility for Medicaid is need-based. Applicants must show that their income and assets fall below certain levels to qualify. People whose assets are valued above Medicaid’s eligibility limits find themselves in an awkward […]
Everyone should consider potential long-term care needs when planning their estates. Long-term care includes medical and support services for routine tasks such as dressing, bathing, and eating, which can be provided at home or in a professional setting such as a nursing home or assisted living facility. But without proper planning, the costs of long-term […]
Divorces in Arizona are often complex and stressful. This is especially true when there are disputes about child custody and the division of assets. Charitable contributions can also become complex during a divorce, and this is because most charitable contributions get made on behalf of the couple while married; however, this is no longer the […]
Estate planning is not just about securing the future for your loved ones; it’s an opportunity to extend your compassion beyond your lifetime. Charitable giving through your estate plan adds a deeply fulfilling dimension to your legacy, allowing you to make a lasting impact on causes dear to your heart. Expressive Giving: Including a charitable […]
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