Posts by Nicole Pavlik
Talking to Your Parents About Estate Planning
Talking to your parents about estate planning is a valuable task that both you and your parents will benefit from. You may not really want to do it, but if you don’t, it’s going to cause problems for everyone later. It’s not a fun subject to discuss with your parents because it brings up the…
Read MoreWhat is an Operating Agreement?
An operating agreement refers to a legal document outlining the rules and structural makeup of a limited liability company, or an LLC. The operating agreement recognizes the members of the LLC and lists how any business regarding the LLC will be conducted, such as voting procedures, how the funds will be allocated, and disciplinary mechanisms.…
Read MoreEstate Planning for Singles
Just as much as married couples, estate planning for singles is critical. It is a common myth that estate plans are only necessary for married individuals with children. Read below for five of the most important issues that singles should remember when creating their Phoenix estate plan. 1. Plan for Incapacity A comprehensive estate plan…
Read MoreEstate Planning and Charitable Giving in Phoenix
Making charitable giving a part of your estate plan is a great way to carry on your legacy and give back to causes that are important to you. As an additional benefit, charitable giving can minimize income and estate taxes. If you are considering including charitable giving in your Phoenix estate plan, you should reach…
Read MoreChoosing a Beneficiary
A beneficiary of your Phoenix estate plan is the person or organization that gets your property when you die. You name beneficiaries in your will, trust, life insurance, retirement accounts, and other legal documents. Choosing your beneficiaries is a difficult decision that can have long-lasting effects on your loved ones. Nicole Pavlik, an experienced Phoenix…
Read MoreBenefits of a Partnership Agreement
Although a written partnership agreement is not required under Arizona law, it is critical to the success of your business, even if you are starting your partnership with someone you know and trust, like a family member or close friend. A partnership agreement is a legal document that dictates how the business is run and…
Read MoreTypes of Power of Attorney in Arizona
A power of attorney is a legal document that gives another adult the authority to act in your place. There are various types of power of attorneys in Arizona that serve different purposes. A Phoenix estate planning attorney can help you choose the right power of attorney to meet your needs. What are the Types…
Read MoreHow My New Spouse Gets My Assets in Arizona
In Arizona, it is common for individuals to find love again and remarry after divorce or the death of their spouse. Although not the most romantic topic, one of your first priorities as a newly married couple should be to update your estate plans. Estate planning is necessary, especially when it involves second marriages and…
Read MoreWhat Should I Expect From the Executor of My Estate?
An executor (also referred to as a personal representative) is the person that is responsible for managing the affairs of a deceased person’s probate estate. In a will, you choose the person that you want to act as your executor. This role comes with significant responsibility, so it is critical to choose someone trustworthy and…
Read MoreKey Differences Between a Will and a Trust
Key Differences Between a Will and a Trust A will or trust serves as the foundation of all Phoenix estate plans. They both help you transfer your assets to your beneficiaries, but there are significant differences between the two estate planning tools. The role each vehicle plays in your estate plan will depend on your…
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