We all hope to live a healthy life and be fully conscious of the decisions we make. There is a very real possibility at some point in your life you will not be able to make critical decisions due to an accident or illness and will need someone else to make those decisions for you. Read more
The most important decision you'll make in your estate plan is appointing guardians for your minor children. Who you pick will impact not only your children but also the lives of your guardians. While you and your children may feel an affinity for a particular adult(s), that relationship could be strained in a 24-hour-a-day, 7-day-a-week environment. Where should you begin in picking a guardian? Read more
Arizona is one of nine states that is classified as a community property state. Any assets attained during a marriage are considered jointly owned and any debts incurred are shared by the husband and wife. When a spouse passes, the surviving spouse owns the assets in full unless the deceased spouse leaves specific instructions in a Will or Revocable Living Trust. Read more
Common reasons for creating a revocable living trust include avoiding probate, reducing estate taxes (both of which can mean losing thousands of dollars), appointing guardians for minors, establishing greater control over distributions to young beneficiaries, lessening the likelihood of a successful contesting of your will, and easing the process for appointed persons to manage your assets during an incapacitation. Read more
Often, pets are not included in estate plans. To ensure ongoing and proper care, consider addressing your pets' needs along with other loved ones. Pets cannot be named beneficiaries of money or property from your estate. So, what are your options? While a will often lacks the structure to provide for adequate care, a properly written trust is an ideal planning tool. Read more
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