Posts Tagged ‘arizona estate planning lawyer’
A Residuary Clause for Last Will and Testament
When it comes to estate planning, it is important to have a last will and testament that has all the necessary parts. Under Arizona law, a well prepared will usually needs something called a residuary clause. A residuary clause is a part of that last will and testament to pass all other items that a…
Read MoreEstate Planning and Succession Planning
Know the Difference and Plan As Needed In very general terms, estate planning refers to personal assets and succession planning lays out the terms for a business. And while both terms refer to plans intended by the creator once they’ve passed, it’s very important not to equate the two terms. A person does not need…
Read MoreProbate in Arizona- What to Know
What is Probate? Probate is the legal process of administering a person’s estate after their death. During the court-supervised probate process, the court validates the will, and the deceased’s property is transferred to the heirs. The primary purpose of probate is to prevent fraud after someone’s death. When is Probate Required in Arizona? Probate…
Read MoreEstate Planning Challenges for Increased Life Expectancy in Phoenix, Arizona
According to the Journal of the American Medical Academy, Arizona’s life expectancy was 79.3 years in 2016, the most recent year for which data is available. However, life expectancy is only the average number of years a person can expect to live, and many Phoenix residents will live many years past 80. With increasing life…
Read MoreFor a Phoenix AZ Will to be Valid, What Does Arizona Law Require?
For a will to be valid in Arizona, it must meet specific requirements. It is critical that your will is valid under Arizona law because interested parties can challenge it after your death. If the court finds that your will is not legally enforceable, the wishes that you articulated in the will won’t be fulfilled.…
Read MoreIs Estate Planning Just For the Wealthy in Phoenix, AZ
The biggest misconception about estate planning is that it is only for the wealthy. But estate planning is much more than a way for the wealthy to minimize their estate tax. Instead, estate planning is important for every person in Phoenix, no matter your circumstances. Estate planning is about taking the legal tools and customizing…
Read MoreInteresting 2019 Cases Before the Courts in Phoenix, AZ
Below are a few of the interesting cases before the courts in Phoenix, Arizona. Death Penalty Sentencing In 1993, James Erin McKinney was sentenced to death for murder. McKinney was abused as a child and continued to suffer from PTSD throughout his adult life, but the judge did not consider his childhood history during…
Read MoreFinding the Best Estate Planning Attorney in Phoenix, Arizona
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…
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