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Senior man looking at last will and testament

Is a Trust the Only Way to Avoid Probate? Not in Arizona.

For many people, an important goal of creating an estate plan is to avoid probate of their estate. A living trust is often an excellent way to accomplish that goal. But in Arizona, there are also other ways to avoid the probate process. This article explains the available options for avoiding probate of property in an Arizona estate, as well as the… Read More
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Businessman protects family members

How Is Your Business Included in Your Estate Plan?

A properly developed estate plan provides protection for your family in the event of unanticipated events that can endanger their security and future. If you own a business, addressing the future of your business in your estate plan is just as essential as safeguarding your family. This strategy ensures that your family won’t face any difficultie… Read More
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Father read's to unborn baby

Why Young Adults With Limited Assets Need an Estate Plan

Many young adults think that estate planning is something that only older folks with lots of financial assets need to do. The fact is that every adult, regardless of age, should have an estate plan. A complete estate plan does much more than distribute property after death. It protects you in the event of unexpected contingencies during your life a… Read More
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Categories: Estate Planning
lawyer helps elder lady with documents

How To Safeguard Your Estate Plan Documents — and Why It’s Essential

When you finish creating an estate plan, you feel pride and satisfaction at completing a significant accomplishment. You also have the peace of mind that comes with knowing that your family is protected in the future. But there’s an important task remaining: You need to safeguard your estate plan documents and decide where to store them, to prote… Read More
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Durable power of attorney document

Why Powers of Attorney Are an Essential Part of Your Estate Plan

Durable powers of attorney are some of most important legal documents everyone should have. Without them, you and your family could face significant problems relating to your financial matters, medical decisions, and personal care. Please read on to find out why powers of attorney are an essential part of your estate plan and what these documents a… Read More
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Categories: Estate Planning
business planning ideas

The Best Way To Start a Small Business in Arizona

Starting a new business is exciting. But tending to the details, including all the necessary legal prerequisites, can feel overwhelming. Fortunately, there are many places to turn for guidance — but even choosing where to begin can be a perplexing task. If you’re looking for an overview of what it takes to start a small business in Arizona and… Read More
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Categories: Business Planning
Father working on the computer with his young daughter on his lap

Are Your Digital Assets Covered By Your Estate Plan?

If you use an electronic device like a phone, tablet, or computer, you probably own digital assets. Have you considered what happens to all that information if you become incapacitated, even temporarily, or after you pass away? The best way to protect your digital assets is to include them in your estate plan, after you have a detailed discussion w… Read More
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Categories: Estate Planning
Probate law book

Arizona Affidavit Process for Small Estates May Avoid Probate

Arizona statutes provide for a simplified affidavit process for small estates with real property or personal property valued below specific amounts. An heir or devisee of property may be able to use the affidavit procedure to claim estate assets without going through the probate process. However, the affidavit process has specific requirements and… Read More
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Inherited IRA written on a piggy bank.

Do Inherited IRAs Lose Asset Protection in Arizona?

If your assets include an IRA, how is it treated in your estate plan? Taking the approach of simply providing for one or more beneficiaries on the account is a significant mistake — it leaves the assets in the account exposed to substantial risks following inheritance. The only way to address those risks is to discuss your IRA account with an exp… Read More
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Categories: Estate Planning
Man is writing succession planning in the book.

How Can You Determine Who Inherits the Family Business?

If you own a family business, one of your primary long-term concerns should be how to pass the business along to your family when you’re no longer part of it. A frequent hurdle to planning the future is deciding who should inherit the family business and how your family will run the business without you. When you put a business succession plan in… Read More
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