Blog
How to Include Charitable Giving in Your Arizona Estate Plan
November 21st, 2019
Many individuals support charities and philanthropic groups throughout their lives by donating regularly to organizations and causes that touch their lives or do work important to the donor. Charitable giving also is an important part of estate planning for a lot of people. Lifetime charitable and philanthropic gifting is usually a simple matter of…
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Categories: Estate Planning
How Do Estate Planning and Financial Planning Work Together To Protect Your Assets and Your Family?
October 17th, 2019
Estate planning and financial planning are different processes that help you protect your assets and plan for the future. Each process has a different purpose. Estate planning attorneys and financial planners have distinct roles and expertise — but your estate plan and financial plan work together to help you achieve important long-term goals. Wh…
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What Business Insurance Do You Need To Protect Your Arizona Company?
September 19th, 2019
When you own a business, you need business insurance to protect your company and your assets against potential legal liability. Insurance also covers some types of unpredictable business losses. But how do you determine what types of business insurance you need? Insurance agents eagerly market many types of commercial insurance. At Peterson Law Off…
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Categories: Business Planning
Should You Choose S Corporation Tax Status for Your LLC?
August 15th, 2019
Taxation is one of the primary considerations when deciding whether to establish your business as a Limited Liability Company. Many LLCs have the option of electing to pay taxes as an S Corporation — and sometimes there are benefits in choosing that tax filing status. But how do you know if you should choose S Corporation tax status for your LLC?…
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Categories: Business Planning
How Estate Planning Protects You During Your Lifetime
July 18th, 2019
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…
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Categories: Estate Planning
Who Is the Personal Representative of Your Loved One’s Arizona Estate?
June 20th, 2019
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…
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Categories: Arizona Probate
5 Ways Estate Planning Avoids Family Conflicts
May 16th, 2019
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…
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Categories: Estate Planning
What Is the Difference Between a Will and a Trust?
April 18th, 2019
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…
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Categories: Estate Planning
How Does the Arizona Probate Process Work?
March 21st, 2019
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…
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Categories: Arizona Probate
10 Life Events That Tell You When To Update Your Estate Plan
February 21st, 2019
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?…
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Categories: Estate Planning
