Posts Tagged ‘estate planning’

Putting an investment or rental property into a limited liability company (LLC) can be a great way to protect your personal assets from any liabilities of the property(ies). An LLC is a legal business entity. If someone sues an LLC, in most cases, only the assets of the LLC will be subject to liability in…

Many people don’t realize that when they prepare an estate plan, it’s not really for them but for their family and loved ones. Here are some of the benefits of having an estate plan prepared: 1. Plan for incapacity. While estate planning, you can make arrangements in case of mental or physical incapacity. Living wills…

Today I spoke with someone whose domestic partner of 24 years died prematurely at 62. They had no estate plan, and that made me think about how many couples out there are in the same situation. There are joint assets and separate assets to consider. Unfortunately, Arizona law does not provide for a domestic partner,…

I hear it all too often: “My spouse and I haven’t done our estate plan because we can’t agree on a guardian for our kids if something happens to both of us.” What? So instead of doing something, they choose to do nothing. This opens the door to a free-for-all for family and/or friends to…

Yes, you’re going on vacation without the kids. It’s your chance for some much needed time alone to relax and enjoy each other’s company. But before you go, do you have everything in order? I’m not talking about a list of emergency contact information, doctors’ names, or even your last will and testament. I’m talking…