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Planning for a future that you will not be a part of can be scary and overwhelming but not putting the proper estate plan in place can have serious consequences when the unthinkable does happen. Estate planning should be viewed as a gift that you are giving your loved ones to reduce the amount of…

Looking to get started on your estate planning? Finding an attorney that you can trust may seem like a daunting task. There are a sea of attorneys out there and it can be difficult to decide which one you can trust to carry out your unique goals. Here are some things that you should look…

With shiny new high-rises constantly being built, it can be easy to forget that Phoenix, Arizona was not always the metropolitan city that it is today. If you read below, you will find out that Phoenix has a rich and vibrant history going back thousands of years. Early Native American History The Hohokam tribe are…

Most people understand that having some sort of an estate plan is, as Martha Stewart would say, a “good thing.” However, many of us don’t take the steps to get that estate plan in place because we don’t understand the nuances between wills and trusts – and dying without either. Here’s what will generally happen…

When a bottle of wine is decanted, it’s poured from one container into another. When a trust is decanted, trust assets are poured from an old trust into a new trust with more favorable terms. Why Should a Trust Be Decanted? Trusts are decanted to escape from a bad trust and provide beneficiaries with more…

Estate planning offers many ways to leave your wealth to your children, but it’s just as important to know what not to do. Here are some things that are all-too-common, but textbook examples of what not to do or try…. “Oral Wills” If you feel you have a good rapport with your family or don’t…

If you think you only need to create discretionary lifetime trusts for young beneficiaries, problem beneficiaries, or financially inexperienced beneficiaries, then think again.In this day and age of frivolous lawsuits and high divorce rates, discretionary lifetime trusts should be considered for all of your beneficiaries, minors and adults alike. What is a Discretionary Lifetime Trust?…

In estate planning circles, the word “probate” often comes with a starkly negative connotation. Indeed, for many people — especially those with larger estates — financial planners recommend trying to keep property out of probate whenever possible. That being said, the probate system was ultimately established to protect the property of the deceased and his/her…

Please allow us to be frank. It’s unrealistic to think that a piece of paper you draft, reflecting your life at a certain time, will work when your life has completely changed some years later. We’ll use the Kendrick family as an example. Meet the Kendricks Meet Bill and Karen Kendrick. They got their first…

We understand that it feels hard to get around to estate planning; it sounds about as fun as getting a root canal. However, we also understand that we all want to make sure that our loved ones are protected and receive our hard-earned assets – regardless of whether we have $10 million or $10,000. Don’t…

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