Posts Tagged ‘estate planning in arizona’
Supporting Female Entrepreneurship in Phoenix
Estate and Business Planning Strategies In the dynamic business landscape of Phoenix, Arizona, female entrepreneurs and business leaders are increasingly making their mark. Supporting female entrepreneurship in Phoenix has become a necessity to encourage diversity and success. Without a doubt, navigating business ownership complexities, estate, and business planning becomes essential for protecting assets and business…
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 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 MoreWhat is The Main Purpose of a Trust
A trust is an estate planning document that is a legal arrangement to ensure a person’s assets eventually go to specific beneficiaries. There are many different types of trusts that you can create with a Living Trust also known as Revocable Trust is the most common and popular. The main purpose of your trust will…
Read MoreShould I Provide For My Stepchildren As Well As My Biological Children?
Whether or not to include stepchildren in your Phoenix estate plan is a very personal decision. There is no legal obligation to include stepchildren in Arizona, so the choice is entirely your own and should be given a thoughtful consideration. Sometimes couples in second marriages agree that each parent should leave an inheritance to their…
Read MoreBasic Parts of a Last Will and Testament
What are the Essential Components of a Will? A will is an essential document in a comprehensive Phoenix estate plan. In general, it lays out your final wishes. Below is a list of the basic components of a last will and testament. Your will should include a statement that all prior wills are being revoked.…
Read MoreBenefits of a Small Business Buy-Sell Agreement
Benefits of a Small Business Buy-Sell Agreement A buy-sell agreement, also known as a buyout agreement, is a legal contract between business owners that governs what happens if a partner dies, retires, or otherwise leaves the business. A buy-sell agreement benefits the business owners, their families, and the business itself. It is one of the…
Read MoreProtecting your Inheritance from Medicaid in Phoenix
Medicaid is a needs-based government program that provides health coverage to 69.8 million Americans. In Arizona, it is administered by the Arizona Health Care Cost Containment System. To qualify for Medicaid, Phoenix residents must meet strict income and asset requirements. Without proper planning, receiving Medicaid could end up depleting your inheritance. How Does Medicaid Deplete…
Read MoreA Brief History of Phoenix, Arizona
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…
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