Am I the only one who hasn’t made an estate plan?

If you have not yet made an estate plan, you may worry when you hear your friends and family talk about theirs. You might feel like the odd one out. Unfortunately, you are not. Yet you are right to worry. All adults should have an estate plan, but most don’t You can make an estate

Know these 3 things about powers of attorney

Most people automatically think about the will and trusts when they’re discussing estate plans. There’s another important component that must be taken care of – power of attorney designations. The power of attorney designations help to ensure your affairs are taken care of if you become incapacitated. #1: Types of power of attorney There are two primary

Beware of scams when you set out to plan your estate

A recent news report out of Tucson contains dire warnings about an estate planning scam currently targeting Arizona citizens. Such scams offer the promise of huge savings on will and trust documents, but they drain away your assets instead. Scams that target the aging and elderly plague the nation, robbing citizens of thousands or more of their

Pros and cons of irrevocable and revocable trusts

A trust is a legal document that ensures your assets are put to good use after your passing. Unlike a will, a trust bypasses the probate period and can avoid estate taxes. Likewise, a trust ensures your beneficiaries their allotment of your estate and privatizes any financial dealings. You’ll have to consider what kind of

What should you include in your estate plan?

Too many Americans do not have an estate plan. In fact, two out of every three people in this country do not have an estate plan at all. One of the biggest factors keeping people from creating an estate plan is not knowing what they should include in it. To help you take the first step in

When and how to update your estate plan as you divorce

If you’re preparing to divorce, it may seem like you’ve got a to-do list a mile long. Don’t forget to include updating your estate plan on that list. While the thought of dealing with any more documents and legal matters may be understandably unpleasant, you don’t want to put off crucial modifications. Otherwise, things could

2 ways that powers of attorney help protect you

There are many people who feel uncomfortable with the very concept of powers of attorney. These estate planning documents allow testators to name another party to manage their affairs while they are still alive. Powers of attorney take effect in the event of someone’s incapacitation. The people you name to act on your behalf could utilize

Reasons you may need to update your estate plan

An estate plan is essential for ensuring that your property and assets are distributed according to your wishes in the event of your death. However, it’s not something you can do once and forget about it. There are multiple reasons why you might need to update your estate plan. Life is always changing It’s important

2 ways to disinherit someone

Disinheriting someone in your estate plan can cause disputes. The heir that got left out of the plan may claim that other siblings manipulated their parents through undue influence. Or they may claim that it must be an accident and that they were just forgotten during the estate planning process. If you want to disinherit

Can you add a no-contest clause to your Arizona will?

The goal of creating an estate plan is to maintain control over your care as you age and your property after you die. Whether you have a will or a trust, you likely spent a significant amount of time deciding the best way to divide your property among your loved ones. You want to leave

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