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Should You Have a Living Will in Your Arizona Estate Plan?
January 11th, 2022
The estate planning document commonly referred to as a living will can be the source of confusion. A living will is an entirely different and separate document from a last will and testament. The two documents accomplish very different goals. A significant difference is that including a living will in your Arizona estate plan is optional, while a l…
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Categories: Estate Planning
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Do You Need a Lawyer for an Arizona Power of Attorney?
December 17th, 2021
In Arizona, a power of attorney must comply with provisions of state law to be valid. The statute includes requirements for the content and execution of a power of attorney, as well as provisions relating to the conduct of an agent designated in a power of attorney. While you technically don’t need a lawyer for an Arizona power of attorney, signi…
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Categories: Estate Planning
What Does It Mean to Fund a Trust?
November 17th, 2021
If your estate plan includes a trust, establishing the trust requires more than executing the legal document that sets up the trust. Creating a trust involves a two-step process. The second step is to fund the trust by transferring property into it. Otherwise, the trust has no assets for the trustee to manage and distribute. The process of funding…
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Benefits of a Revocable Living Trust as Part of an Estate Plan
October 18th, 2021
A revocable living trust is a valuable estate planning tool that may help you achieve important personal and financial goals for yourself and your family. However, a living trust is not necessarily the best or right choice for all estate plans. Discussing your circumstances and goals with an experienced Arizona estate planning attorney is the only…
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3 Risks of Do-It-Yourself Estate Planning
September 27th, 2021
Establishing your estate plan is an important and serious undertaking. You should never attempt to create legal documents without assistance from a knowledgeable lawyer — and that’s especially true with estate planning documents. Do-it-yourself estate planning has significant risks that can completely defeat your efforts to protect your family…
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Categories: Estate Planning
Moving to Arizona? Here’s Why You Need to Review Your Estate Plan Soon
August 17th, 2021
If you recently moved to Arizona or plan to move here in the near future, an important item may be missing from your to-do list. Since you’re changing your state of legal residence, it’s essential to make certain that your estate plan complies with applicable Arizona laws, as well as recent changes in federal laws. While you may not need to cre…
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What Documents Are in an Arizona Estate Plan?
July 16th, 2021
While people sometimes think a Last Will and Testament is all you need for an estate plan, a complete Arizona estate plan includes other essential documents. These important written legal documents protect you and your family, in addition to providing for the distribution of your property after you pass away. The best way to ensure that you have al…
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3 Ways an Attorney Can Help Your Arizona Small Business
June 17th, 2021
Whether you’re establishing a new small business or running an existing one in Arizona, a business law attorney can help you keep your company running smoothly. Your lawyer also can make sure you protect your business and personal financial interests for the future. Attorney Shane Peterson explains three ways an attorney can help your Arizona…
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Inconsistent Estate Documents Create Legal Issues For Heirs
May 17th, 2021
Distribution of a deceased person’s estate involves a number of different legal documents, including their Last Will and Testament and any trust instruments, as well as asset account statements, property titles, and other legal documents. All these items factor into who receives the property in the estate. But what happens if a decedent leaves be…
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Categories: Estate Planning
Is a Trust the Only Way to Avoid Probate? Not in Arizona.
April 16th, 2021
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…
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