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March 2019 Archives

Welcoming a child? Consider your estate planning options

Expanding your family is likely a dream that you have had for some time. Now that you are expecting a baby or are close to completing the adoption process, you may feel that excitement mounting more than ever. Of course, while thinking about bringing more life and love to your family is wonderful, you may also want to consider planning for the possibility of less-happy events.

Talking to your child about an absent parent

Not all divorced parents share custody of their children. For a variety of reasons, your co-parent may have little or no contact with your child. Perhaps there were issues with drugs, alcohol or violence that have made it unsafe and unhealthy for your child to be around them. Your co-parent may have moved far away and chosen not to be part of your child's life other than to provide court-ordered financial support.

Cryonics requires new ways of thinking about estate plans

It sounds like something from a science fiction movie. The heroes blast into the future where they will tackle new challenges, but because of the long voyage, their lives must be scientifically suspended, like pressing a pause button. However, it is not so far-fetched. More and more people are considering cryonics as a way of preserving their bodies at the end of their lives until such time as medical and scientific advancements have cured whatever ended their lives, even old age.

Planning for spring break as divorced (or divorcing) parents

Scheduling time off of work and planning activities (whether at home or away) around spring break can be challenging enough for married parents. For divorced parents who both want to spend time with their kids during their time off school, it can be particularly difficult. Schools may not schedule spring break for the same week every year. Different schools, even within the same area, may not have the same spring break weeks. Therefore, parents may have kids with different weeks off.

Don't be a Picasso: Avoid estate planning pitfalls

You'd likely agree with most Arizona residents who might say they'd love to own an estate worth $30 million or more. That's approximately how much the great master Pablo Picasso's estate was worth when he died in 1973. The only problem was that he never executed an estate plan. If you don't want your loved ones to have to navigate a lengthy probate process, you'll want to keep several ideas in mind to help them avoid it.

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