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How Estate Planning Protects You During Your Lifetime

When someone mentions “estate planning,” most people think the term refers to deciding what happens to their property after they die. In fact, some of the most important parts of your estate plan protect you — and your family — during your lifetime. When Should You Make an Estate Plan? Accidents and medical emergencies give no advance warni… Read More
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Categories: Estate Planning
Estate law, last will and testament in a court.

Who Is the Personal Representative of Your Loved One’s Arizona Estate?

The personal representative for an Arizona estate is the individual who handles probate administration of the estate of a decedent. If your loved one was an Arizona resident when he or she passed away, state law determines who qualifies to serve as the personal representative of your loved one’s Arizona estate.   Who Chooses the Personal Represe… Read More
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Categories: Arizona Probate
Estate Planning with pen, glasses, and caculator

5 Ways Estate Planning Avoids Family Conflicts

The primary goals of estate planning include protecting your family and ensuring that they benefit from your financial legacy.  But there is another important purpose behind planning your estate, one that many people do not even consider consciously. Thoughtful and thorough estate planning avoids family conflicts that could ruin relationships irre… Read More
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Categories: Estate Planning
Close up of a Family Estate planning document with writing hand

What Is the Difference Between a Will and a Trust?

Wills and trusts are both important estate planning tools.  But they accomplish very different goals.  If you understand the difference between a will and a trust, you have an excellent foundation for planning your estate. What Is a Will? A will is a legal document in which you designate the individuals or organizations that receive your assets a… Read More
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Categories: Estate Planning
Probate Court Documents and Gavel

How Does the Arizona Probate Administration Process Work?

When a person passes away, Arizona law may require that the estate of the deceased person go through a process called probate or probate administration.  Those terms refer to the legal process necessary to distribute the deceased individual’s property to the beneficiaries and heirs.  Arizona probate administration involves completion of specifi… Read More
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Categories: Arizona Probate
Diagram of Estate Planning

10 Life Events That Tell You When To Update Your Estate Plan

When you create an estate plan, you accomplish a significant goal.  You also gain the peace of mind that comes with protecting your financial assets and legacy.  However, you can follow up that accomplishment with a major mistake if you do not update your plan when circumstances warrant.  But exactly how do you know when to update your estate pl… Read More
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Categories: Estate Planning
LLC operating agreement

New Arizona Limited Liability Company Act Impacts New and Existing LLCs

Arizona laws applicable to limited liability companies (LLCs) in the state change substantially beginning in 2019.  The Arizona Limited Liability Company Act (ALLCA), enacted in 2018, affects all current and new LLCs.  If you own or are a member of an LLC or contemplate creating one, it is critical that you know about these significant changes. I… Read More
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Categories: Business Planning
Types of business

Should You Form an LLC for Your Arizona Business?

Many business owners initially set up their new business as a sole proprietorship.  A Limited Liability Company, commonly called an LLC, offers advantages that a sole proprietorship does not.  LLCs are a popular choice of structure for many Arizona businesses, but they are not always the best or right choice for every business and owner. Finding… Read More
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Categories: Business Planning
Gears Printed with Business Continuity - Business Succession Planning

What Is Business Succession Planning — and Why Is It Important?

If you own a business, you spend most (or all) of your time running the business. Do you ever consider what would happen to your business without you? You probably don’t — but you really need to consider that possibility. Business succession planning is the best way to plan for unexpected events that can dramatically affect your business. You… Read More
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Power of Attorney

Why Do You Need a Durable Power of Attorney?

Some of the most important documents in a sound estate plan do not relate to what happens to your property after death. Those documents — called durable powers of attorney — protect you and your assets during your lifetime. If you become unable to make your own decisions for any reason, your durable powers of attorney designate someone you ch… Read More
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Categories: Estate Planning

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