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When an Arizona resident drafts their last will and testament, choosing the person who will serve as the executor of their estate is one of the most important decisions they make. Executors are tasked with guiding the estate through the probate process, which is sometimes quite complex. During probate, the court validates the decedent’s will, […]

Generation-skipping trusts may appeal to older individuals or couples in Arizona with large estates. If you have substantial sums to transfer to future generations, a trust that gives to your grandchildren or other qualifying beneficiaries instead of your children can reduce or eliminate federal estate taxes. Federal Estate Tax Exemptions Currently, federal law allows an […]

Many people think that getting their affairs in order is simply about planning for their demise. However, today’s decisions will affect an individual and their family’s wealth and prosperity at every stage of life in Arizona. That’s why an integral part of estate planning should focus on strategically growing and preserving one’s assets. Factors that […]

Arizona residents set up their estate plans with the hope of being able to take care of their families for years to come. However, many estate plans are impacted by things beyond the person’s control – such as inflation. Over time, the cost of living will go up due to inflation. As the cost of […]

Retirement is a big transition for many individuals and couples, but when you’re part of a blended family, parents plus children from previous marriages, estate planning in Arizona becomes even more complex. Retirement should be a time to relax and enjoy life. Still, suppose the proper steps aren’t taken to ensure everyone in your family is […]

There are a few unique benefits that an asset protection trust offers, but it also comes with some drawbacks. One purpose of this type of trust is to shield your assets from Arizona creditors while offering you protection from lawsuits. Revocable Versus Irrevocable Trusts This trust type is irrevocable. When you transfer assets into this […]

A power of attorney is a legal document that allows an individual to designate another person to act on their behalf in matters related to legal, financial and healthcare decisions. While many Arizona residents may not give much thought to a power of attorney, it can be essential in ensuring that your wishes are followed […]

A last will and testament is a fundamental part of an estate plan. Your will expresses your directions for how your property will be managed and distributed upon your death. Although a properly executed will is usually enforced, your will may be contested by heirs or other parties asserting that it is legally deficient or […]

A power of attorney can be an important part of your estate plan. This document gives someone you trust, known as your agent, the legal authority to act on your behalf in defined situations where you’re unable to do so. But what if that person becomes unavailable or unsuitable for the role? And what if […]

Discussing estate plans with your parents necessarily involves two subjects that are traditionally taboo among family members: death and personal finances. Also, such discussions entail a reversal of traditional roles. Parents have spent years providing care, guidance and advice to their children, but now it is the children who often must lead the parents. Although […]