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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 Representa… Read More

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 irrepa… Read More

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 and p… Read More

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 specific st… Read More

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 it. But exactly how do you know when to update your estate plan?… Read More

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. In ou… Read More

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 the… Read More

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 i… Read More