Planning 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 […]
Second 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 […]
How 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 […]
What 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. […]
Who 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 […]
Do 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 […]
What 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 […]
Do 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 […]
Estate 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 […]