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August 2019 Archives

Points to remember when planning to create a will - Part I

There was a time when people thought that estate planning is only meant for the wealthy. That is no longer the case as people of all economic backgrounds are starting to understand the benefits of a well-crafted estate plan. The first step toward that goal is drafting a will. A will contains the final directions of a person regarding what is to be done with his or her property after death. In the absence of a will, the estate is entered into probate and assets are distributed per the probate court's order.

Information sharing during post-divorce discovery

Once a couple has filed for divorce, the law requires each spouse to disclose details pertaining to his or her current financial condition. This is known as the "discovery" process and it involves the exchange of information between the separating spouses regarding individual income, assets and debts. In fact, this is a requirement that is mandated under the Arizona Rules of Family Law Procedure and courts in the state use the information gathered from the discovery process to make sure that property division is equal.

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