Estate Planning
What Do We Mean by End-of-Life Decisions?
End-of-life decisions are a deeply personal and often complex topic that touches on legal, ethical, and emotional considerations. At Nicole Pavlik Law Firm, we understand the gravity of these decisions and the impact they have on individuals and their families. This post aims to shed light on what end-of-life decisions entail and how planning for…
Read MoreEstate Planning for Business Owners: Protecting Your Legacy
Owning a business is a rewarding endeavor. The countless hours you’ve poured into building your company represent more than just money; it embodies your passion, dedication, and dreams. As a business owner, it is crucial to ensure that your business and personal assets are protected, not only in your lifetime but also when you’re gone.…
Read MoreArizona Advance Directives – What Should I Have?
Navigating the intricate landscape of estate planning can be daunting, especially when it comes to planning for unexpected medical decisions. In Arizona, Advance Directives are a crucial part of this process, ensuring that your wishes are respected during critical moments when you might not be able to communicate them yourself. Let’s delve into the essential…
Read MoreProtecting Inheritance From Taxes
One of the goals when you create an estate plan at Nicole Pavlik Law Firm is protecting your inheritance from taxes. In general, you should be aware of four types of taxes when creating your Phoenix estate plan: 1) estate tax, 2) inheritance tax, 3) gift tax, and 4) income tax. Do You Have to…
Read MoreArizona Estate Planners Use Electronic Wills
In 2018, Arizona became one of the first states to allow for the creation of electronic wills. To learn more about electronic wills, contact estate planning attorney Nicole Pavlik. What is an Electronic Will? An electronic will (e-will) is a will that is created and maintained in an electronic record. Instead of printing and executing…
Read MoreEasy Estate Planning in 5 Steps
Most people understand that they need to make an estate plan, but they put it off because it seems complicated and time-consuming. Easy estate planning would be a welcome opportunity for so many. Well if this sounds like you, you should call Phoenix’s leading estate planning attorney Nicole Pavlik. Attorney Pavlik has taken estate planning…
Read MoreUpdating Your Estate Plan Upon Retirement
Phoenix is one of the most popular retirement destinations in the United States. Part of your retirement plan should include updating your estate plan upon retirement. It is always a good idea to review your estate plan whenever a major event occurs such as marriage, a new child or grandchild, or a milestone like retirement.…
Read MoreWhat is the Definition of a Trust Fund?
You may have heard of a trust fund. Knowing the definition of a trust fund may not be part of your vocabulary though. A trust fund is the legal entity that assets are transferred into when a trust a created. The trustee controls the trust funds on behalf of the beneficiaries. That is a lot…
Read MoreEstate Planning After Divorce
Rebuilding your life after a divorce is an important process. One task that is critical not to overlook is updating your estate plan. As an estate planning lawyer, Nicole Pavlik has helped many new divorced men and women properly update or create estate plans that reflect their new status. Below is a list of six…
Read MoreHow To Plan For a Second Family
Planning for a second family may be an important part of your life. Having a child is a joyous time, especially if you are welcoming a child with your second marriage. Like every significant life change, having a baby should prompt you to review and update your estate plan. If you are starting a second…
Read More