Revocable vs. Irrevocable Living Trusts: Choosing the Right One for Your Needs

Understanding the distinction between revocable and irrevocable living trusts is crucial for effective estate planning. At Nicole Pavlik Law Firm in Phoenix, Arizona, we emphasize the importance of local laws and the specialized guidance an experienced Phoenix estate planning attorney can provide. Here, we’ll explore these two types of trusts in the context of Arizona…

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Your Estate Plan Can Protect Your Assets

Estate planning is an essential step in securing your financial future and protecting your assets for the benefit of your loved ones. At Nicole Pavlik Law Firm, we specialize in creating comprehensive estate plans tailored to the unique needs of each client. This blog post aims to highlight the importance of estate planning and how…

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Estate 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.…

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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…

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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…

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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…

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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…

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Nicole Pavlik Law Firm Benefiting From the Digital World

During the Covid-19 pandemic, I, like many others, relied on the use of virtual technology to continue serving clients from my law firm in Phoenix, Arizona. When restrictions began to ease and more people ventured out, I realized the value in continuing to use the technology. It’s actually helped many clients. Maybe they have a…

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Estate 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…

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Health Care Power of Attorney in Phoenix, AZ

A health care power of attorney is a legal document that allows you to pick a person who you know and trust to make future health care decisions for you. It only goes into effect if you become so ill, disabled, or incapacitated that you cannot make these decisions for yourself. What Health Care Decisions…

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