Do you think that at some day in the future you will need to pass your assets on to your heirs or other beneficiaries? Of course, the answer is yes. We are all going to pass away eventually and we need to transfer our wealth -- no matter how much or how little we have...
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Wills
Why should you review your estate plan?
Do not make the mistake of assuming that your estate plan will stand forever just because you finally got it down on paper. This is not a one-time event. It's important to periodically review your plan and make alterations to ensure that it still fits with what you...
3 things to remember when writing a will
The best plans of mice and men don't always work out when it comes to estate plans. This is primarily because the person who creates an estate plan is not always the most skilled at doing it. He or she might not even have any of the requisite training for creating a...
Basic facts about wills in Arizona
Your will is the final message you'll leave to family members, and it dictates how your estate and other affairs should be handled after you die. Since every state has different rules and regulations that apply to the creation and signing of wills, let's take a closer...
Choosing between a revocable and irrevocable trust
If you have decided upon creating a trust as a part of your estate plan, it's now time for you to think about the details. There are many trusts to choose from, all of which offer certain benefits and restrictions.The first question you should ask yourself when...
Common questions about wills and incapacity
If you have a close family member who has recently passed away, it is likely that they left a will so that their assets could be appropriately distributed. If you were surprised by the instructions of the will, or if the will was updated toward the end of the person's...
Handwritten wills in the state of Arizona
Many people, for one reason or another, decide to write down their will by hand, and when they do so, often they do not have it officially witnessed. This is not ideal from a legal standpoint because it can mean that the will can easily be challenged.However, it is...
Understanding the entire probate process
Many people understand the basic concept of the probate process, though they often do not know much about the specific timeline and the many steps involved. If you are starting to plan your estate in the state of Arizona, you may want to learn more about what exactly...
Understanding elective shares
When two people are married, they have certain rights to inherit assets after one person passes away. This is because they are dependent on each other financially during the marriage, and therefore, the law has been designed and developed in order to protect the...
The grounds for contesting an Arizona will
When you have a loved one who passes away, it can be a very difficult time both emotionally and from a logistical perspective. Therefore, it is important that you seek support from friends and other relatives while you are going through the process. Many unforeseen...