Posts by Nicole Pavlik
Charitable Giving in My Estate Plan
For many individuals, charitable giving is a large part of their lives. Continuing this tradition after your death by including charitable giving in your estate plan is a wonderful way to help cherished organizations. Done properly, charitable giving can also result in substantial tax benefits. There are many different ways that you can include charitable…
Read MorePlanning for Incapacity is Part of Estate Planning
Many people do not realize that estate planning includes more than planning for the distribution of your property after your death. A significant part of estate planning deals with planning for incapacity. This means planning for your healthcare as well as financial decisions if you become incapacitated. An individual is considered incapacitated when they cannot…
Read MoreSecond Marriages and Estate Planning
It is critical to update your estate plan every time you experience a significant life event, such as getting married. Individuals getting remarried face unique estate planning challenges. If you do not plan carefully, you could neglect certain family members or cause family discord. An experienced Phoenix estate planning attorney can ensure that you have…
Read MoreHow Do I Select a Beneficiary?
Selecting your beneficiaries is one of the biggest decisions you make when creating an estate plan. Below is some information that will help you decide who to pick as your beneficiaries in Phoenix, Arizona. What is a Beneficiary? A beneficiary is a person or entity you legally designate to inherit assets from you. Beneficiaries are…
Read MoreWhat If I Die Without a Will?
What is Intestate Succession? When a person dies without a will in Arizona, it is called dying intestate. Arizona has intestate succession laws that dictate who administers your estate and how it is distributed if you die without a will. Because you did not create a will, the state decides how the property is distributed.…
Read MoreWho Should I Choose for Power of Attorney?
A power of attorney is an important tool to include in every Phoenix estate plan. It is a document where you appoint someone to act on your behalf regarding legal, financial, or medical matters. There are two main types of powers of attorney that you should include in your Phoenix estate plan: a health care…
Read MoreDo I Have to Be Wealthy to Have an Estate Plan?
It is a common misconception that estate plans are only for the wealthy. No matter what your net worth is, you should have an estate plan. What is an Estate Plan? An estate plan is a series of documents that allow you to leave important instructions about what should happen to your property, children, and…
Read MoreWhat is an Executor?
An executor is the person named in a will and appointed by the court to oversee the administration of an estate and carry out the terms of the will. In Phoenix, the executor is called the personal representative. What are the Responsibilities of an Executor in Phoenix? If you are named as the executor of…
Read MoreDo I Have a Right to Inherit in Arizona?
In Arizona, spouses and minor children have a certain limited right to inherit regardless of what is written in the will. Read below to learn more about inheritance rights in Phoenix, Arizona. Right to Inherit Laws for Spouses in Arizona Although most couples decide to leave the majority, if not all, of their estate to…
Read MoreEstate Planning After a Divorce
The divorce process is incredibly stressful and overwhelming. With so much on your plate, it is easy to overlook your estate plan. However, revising your estate plan after a divorce is a critical step and involves more than just updating your will. Below are six areas you must address when updating your estate plan after…
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