As part of your estate planning, you may be considering an incentive trust. This is a trust that allows you to create incentives for your heirs in order to get the money. A common example is saying that an heir can’t get their inheritance until they finish school or...
If you’re getting separated from your spouse, you may be looking into changing your estate plan. Changing your estate plan, or at the very least reviewing it, is important to making sure that it reflects what you want to have happen if you cannot take care of yourself...
A life milestone like the impending birth often motivates a couple to sit down and engage in estate planning. Unexpected outcomes can happen at any time for anyone, though. It's equally essential for childless married couples to document their final wishes as well....
Deciding on someone to hold power of attorney is an important step of estate planning. However, you do need to make sure that person fits the role. Not everyone is a good fit for the position. Some people may not live close enough to you. Others may not have time to...
If you expect the probate process with an estate to go quickly, you need to readjust your expectations -- now. Most estates pass rather slowly through probate, despite the best intentions of everyone involved. Naturally, if there’s a dispute among the heirs, the whole...
Many debt collectors in Arizona would have you believe that you must pay your loved one's debts after they pass away. In fact, family members aren't obligated to pay mortgages, student loans, credit card debts or any other form of debt. However, there are some...
If you plan on leaving assets to your children, you need to protect your estate to ensure that it serves its intended purpose after you pass away. A professional may advise you to distribute your wealth to your children when they attain the right age. However, there...
There can be a lot of work involved in handling someone's estate. There are often months of hard work required that can range from settling accounts to cleaning out a house. You may have to go to probate court several times and wait months before you can sell or...
When you finalize your divorce in Arizona, your former spouse is effectively written out of your will. Even if you die before revising your estate plans, the state will ignore any mentions of your former spouse in your will. However, you should still update your...
If you believe that you're entitled to a portion of a deceased person's estate, it may be possible to contest the terms of that individual's will. However, there is no guarantee that an Arizona judge will agree to hear your objections or that a legal challenge will...