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Using POD and TOD Designations to Keep Assets Out of Probate
Probate is the legal process by which a court decides how your estate will be settled among your creditors, heirs and beneficiaries when you die. Because probate can be long, complicated and costly, many people choose to create estate plans designed to exclude sizable portions of their property from the process. That means putting a […]
Estate Planning for Blended Families
Every family and therefore every estate plan can be considered unique. However, a special set of challenges is presented when children from previous relationships are involved. Wills, trusts and other documents must be highly specific as to how the estate assets are to be managed and distributed. According to data from the Pew Research Center, […]
Avoiding Common Estate Planning Mistakes
A comprehensive estate plan is essential to ensuring that your end-of-life wishes are carried out and that your loved ones are provided for in the way they deserve. The goal of an estate plan is to direct how your assets will be managed and distributed. Investing the time and money necessary to establish an estate […]
What Kinds of Disputes Can Arise Over a Will?
No matter how carefully a will is drafted, disagreements sometimes arise among heirs and others concerning the will’s authenticity or about the proper distribution of the deceased person’s assets. A will contest is a formal challenge lodged during probate court proceedings by an interested party, who under Arizona law may be a beneficiary named in […]
Useful Types of Trusts in Estate Planning
Trusts are not only for the wealthy. Creating one or more trusts as part of your estate plan can be an effective way to ensure that your assets are managed and distributed according to your wishes, both during and after your lifetime. If you have special circumstances in your family, such as a handicapped child, […]
The Basics of Do-Not-Resuscitate Orders in Arizona
Adults who are suffering from a terminal illness or chronic organ failure may wish to consider a do-not-resuscitate (DNR) order. Arizona law provides a simple procedure for creating a DNR that medical professionals can rely upon to withhold life-saving measures in an emergency. A DNR is a form to be completed by an individual, stating […]
What Advance Medical Directives Should I Have in Place If I’m Concerned About COVID-19?
Though it’s always been true, the COVID-19 pandemic has driven home the point that a debilitating medical condition can strike without warning. Whether you’re fighting the coronavirus or are incapacitated for some other reason, your wishes regarding medical treatment should be honored by family members and healthcare providers. An experienced attorney can help you put […]
