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Category:
Estate Planning
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Estate Planning
What is a Grantor Trust?
On
January 9, 2023
Grantors' trusts are governed by the IRC which outlines certain tax issues related to them. Under these laws, the person who creates a grantors' trust is recognized as the true "beneficial" holder of the assets and properties held within the trusts. The Basics of How Grantor Trusts Work An irrevocable grantor trust is any type […]
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What Every Senior Should Know About Estate Planning
On
October 25, 2022
Estate preparation or estate planning for the future is essential and has a deep impact. If you don't have an estate planning document in effect when you die, the decisions regarding your property fall to state laws, which usually means that the government keeps most of your property for itself, and your family gets little […]
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What Does an Estate Lawyer Do
On
October 14, 2022
An estate planning lawyer provides legal counsel and representation for all processes necessary to establishing, protecting, and managing an estate. Depending upon the size of the estate, types of property, assets portfolio, and interests of the estate owner, an estate planning lawyer is useful in a number of services. Reach out to one of the […]
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When Should You Have a Will Made
On
May 18, 2022
Are you thinking about having a will made? Well, It is never too early to consider drafting your will, but there are a few important times to note. The earliest a US citizen is able to legally write a valid will is when they hit the age of 18. One may not have any assets […]
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The Pros and Cons of Naming a Trust as Beneficiary of an IRA
On
April 1, 2022
You should always have a contingency plan, especially concerning your retirement assets. Should anything happen to you, it’s important to ensure that your assets will be properly distributed to your loved ones. Naming a trust as the beneficiary of your IRA is one option for protecting your assets, but it also comes with some significant […]
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How to Transfer Assets and Property Outside of Probate in Arizona
On
October 11, 2021
One of the main benefits of estate planning is arranging property (real and personal) to pass to heirs and beneficiaries without the involvement of probate. Probate is a legal process for settling many estates. This process can be expensive and time-consuming, so it’s often worth considering how you can minimize the time your loved ones […]
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Revocable vs. Irrevocable Trusts in Arizona
On
August 9, 2021
Living trusts perform important functions for many estate planners. Trusts can take the place of Wills (Last Will and Testament), but they can also allow grantors (creators of trusts) to tailor asset distributions to beneficiaries. There are many types of trusts available for Arizona estate planners; depending on your goals, you might create multiple trusts. […]
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The Problem with Do-It-Yourself Legal Services (and Our Solution)
On
February 17, 2021
There are a few legal matters that a sizable number of Americans will have to deal with at some point — Divorce, estate planning (wills and trusts), real estate issues, and business law, to name a few. To respond to the demand of these common legal issues, countless online services have provided products and services […]
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What Happens if You Pass Away Without a Will?
On
January 20, 2021
A common misconception many Arizonans have is that those who pass away without a Last Will and Testament (or any other estate planning documents of their own) have no estate plan at all. That’s not entirely true; the state actually has a one-size-fits-all estate plan for those without a Will. If you pass away without one, your […]
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Power of Attorney: Which One Do You Need?
On
November 23, 2020
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 […]
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