While many people think about trusts and wills as the only components of estate planning, there’s much more to it. Part of having a comprehensive estate plan is getting a plan set up to handle your affairs if you become incapacitated. One critical component of your...
For some people who are going through a divorce, the legal matters surrounding the divorce are the only thing they focus on. While those are important, there are a couple of other points that you have to think about if you’re in this position. Two things that are...
If you have made an estate plan, then you are ahead of many people. A recent survey showed that 58% percent of adults do not have one. The next thing you should do is tell your family about it. If the idea is unappealing, think about why? If you are afraid it will...
Are you one of the many Arizona residents who live in a retirement community that is limited to residents who are seniors? Typically, the age restriction in these communities is 55 years of age and over. Your home is likely one of the largest single assets you have,...
It is easier to plan our day than to make decisions around how the end of our lives will be spent. On one level, it is common to consider estate planning from the viewpoint of passing away. However, a living will that name a personal representative as power of...
There are a few times when it’s a good idea to add items to your estate plan or to update your estate plan to be sure it is as protective as it can be. One of the times when you should update your estate plan is if you’ve purchased a piece of property. As a person who...
The name of an irrevocable trust suggests that it can never be changed -- and that is the general idea of having an irrevocable trust in the first place. These are trusts that you’re only supposed to make when you’re very sure of exactly how you want to use the assets...
For most people, their pets are members of the family. They care for their furry friends (some even refer to them as their children!) and provide them with everything they need to have a long, happy life. But, many people don’t consider what’s going to happen to those...
You’ve done pretty well for yourself, and your adult children are all fairly secure in their lives. They even have children of their own now -- and you adore your grandchildren. In fact, you’re starting to think that you’d prefer to leave much of your assets to your...
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...