Category: Estate Planning And Wills
Estate Planning And Wills
Successor Trustee vs. Executor: What’s the Difference?
Anyone with a limited knowledge of estate planning might not be aware of what it means to be a a successor trustee vs. executor of a will. Don’t worry if you’re having trouble differentiating the two because the team at Lincoln & Wenk, PLLC, Arizona’s experienced trust attorney, is here to explain everything. This in-depth guide covers the
Can an Executor Change a Will?
Creating a will involves naming an executor, which is the person responsible for carrying out their loved one’s final wishes after their passing. Being named as an executor comes with a slew of legal duties along with the emotional toll of losing a friend or relative. Can an executor change a will after someone’s passing
Can You Create a Trust Without a Lawyer?
The estate planning process can be confusing, especially if you have many assets to account for. You may decide to establish a revocable living trust rather than a will but wonder, “Can you create a trust without a lawyer?” Discover the answer in this guide from Arizona’s competent trust attorney and legal team at Lincoln & Wenk, PLLC.
Who Needs a Living Trust in Arizona?
Are you considering opening a trust to protect your assets and help your family fairly divide what you’ll leave behind? You’re probably wondering, “Who needs a living trust?” As Arizona’s experienced trust attorney, the team at Lincoln & Wenk provides advice about and quality administration of living trusts. Here, they discuss everything you should know about a
Do I Need a Trust to Avoid Probate in Arizona?
One common question estate lawyers hear is, “Do I need a trust to avoid probate?” Reach out to an experienced trust attorney in Arizona if you’re curious about estate planning and want to make the probate process as seamless as possible for your loved ones. Discover ways to bypass the probate process in this comprehensive guide. How
How To Choose an Estate Planning Attorney in Arizona
When you’re ready to start estate planning, your first step is selecting the right lawyer to help you draft a legally valid will and other documents. There are many experienced attorneys in Goodyear, AZ, but how do you find the perfect fit for you? Find out how to choose an estate planning attorney who suits your
Three Financial Obligations That Can Diminish Someone’s Legacy
During the Arizona probate process, family members and individuals named as beneficiaries in the deceased’s estate planning paperwork can become the legal owners of property that previously belonged solely to the decedent. A testator who has created an estate plan could name anyone that they care about as a beneficiary set to receive some of
Understanding reciprocal or mirror wills
Oftentimes, married couples who want to keep their estate planning as simple as possible consider creating a joint will. However, true joint wills are rarely used nowadays and often aren’t recognized by probate courts. One of the many issues with joint wills is that because they are signed by both spouses, once one of them
What to include in every estate plan
Regardless of age or net worth, you should always consider creating an estate plan. Without one, your assets and personal wishes after you’re gone might not be fulfilled the way you’d like them to be. However, people often overlook many essential components when drafting their estate plans. So, what elements should you incorporate into your estate
Why you should update your estate plan after a divorce
Divorce is a life-altering event that brings about significant changes in various aspects of your life. While the emotional and financial implications of divorce are obvious, it’s easy to overlook the impact a divorce can have on your estate plan. Are you unsure about the importance of updating your estate plan during this transitional phase?