Power of Attorney: Which One Do You Need?

You’re probably familiar with the general contours of an estate planning document referred to as “power of attorney.” What many estate planners aren’t aware of, however, are the numerous ways you can structure these documents. This blog will explain some common powers of attorney to help you understand which ones you might need for your situation.  Regular, Springing, or Durable Regardless of the type of power of Read More

Physical vs. Legal Custody in Arizona

When most people hear the term “child custody,” they think of the place where a child (who has co-parents) lies his or her head at night; swapping out living arrangements on Sunday afternoons; and everything else that comes with physical custody of a child. When talking about child custody, though, it is important to distinguish between the two types of custody: legal and physical.  In Arizona, legal custody of a Read More

Breach of Contract in Business Partnerships

The overwhelming majority of commercial lawsuits contain at least one claim of breach of contract. It’s common knowledge that the long-term success of businesses is often predicated on the strength of their underlying contracts. This is especially so with business partnerships, which can easily crumble if a dispute between partners arises and there is no way to deal with the issue under the partnership agreement. So, Read More

4 Elements of an Optimal Business Succession Plan

So many entrepreneurs and business owners are so wrapped up in the day-to-day routines of their companies and concerned with keeping the lights on that they sometimes let the issue of business succession planning sneak up on them. It’s understandable, though; there are plenty of risks in the immediate future to take your attention on the biggest risk to your company’s long-term survival. If you have put off planning Read More

4 Common Issues that Arise within Business Partnerships

Just as the name might suggest, business partnerships have much in common with personal relationships. Everyone starts out with generally positive feelings in the beginning, but troubles often come along somewhere down the road. Without a strong infrastructure in place, these disputes can spell the end of these once-promising relationships. This blog will cover some issues that commonly arise among business Read More

Overview of Spousal Maintenance and Other Financial Repercussions of Divorce

Divorce is a major life event, just like marriage, the birth of your child, or the death of a loved one. It can stir up so many emotions and cause so much stress, but having the right attorney there by your side can make all the difference. One thing a competent attorney can do is to fight for a fair amount of spousal support payments for you; in Arizona, spousal support is officially termed “spousal Read More

4 Essential Estate-Planning Documents

No one estate plan is exactly like another one; each planner’s situation is different, as are their goals. There are a few popular documents, though, that are important for the majority of estate planners. We have given four examples below that should help you get an idea of what your estate plan might look like.  Advance Healthcare Directive. If you have ever had to visit the emergency room, you were probably Read More

How to Increase the Value of Your Personal Injury Settlement

The immediate aftermath of a serious personal injury can be extremely chaotic, while the longer-term future can build up stress and anxiety over medical bills, missed days at work, and other expenses – not to mention physical pain and suffering. In these situations, our team knows that every dollar matters when it comes to a personal injury settlement benefiting you or a loved one. That’s why we have compiled a list Read More

3 Reasons Why You Need an Estate Plan

The prevailing misconception about estate planning is that it is exclusively reserved for the rich and famous. You might think that you don’t have that many assets, so crafting an estate plan would be a waste of your time. The truth is that every adult can benefit from a personalized estate plan that contains important documents like a Last Will and Testament, healthcare power of attorney, general durable power of Read More

Earnout Financing Explained

There are countless reasons why buyers and sellers seldom agree on a business’s valuation when it is put up for sale. For this situation, the two parties should consider instituting an earnout provision. In the context of a business transaction, an earnout agreement is a provision in a contract that allows the business’s seller to gain compensation in the event that the business hits certain benchmarks after the Read More