» Estate Planning

How To Include Charitable…

How To Include Charitable Giving in Your Arizona Estate Plan

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… Read More
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Categories: Estate Planning
How Do Estate Planning an…

How Do Estate Planning and Financial Planning Work Together To Protect Your Assets and Your Family?

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… Read More
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Young family taking their dog for a walk during spring day at the park.

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 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
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
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

How Does a Revocable Living Trust Work?

In our East Valley estate planning practice at Peterson Law Offices, clients often ask about how a revocable living trust works and also wonder if they need one. There isn’t a simple answer to those questions. Every estate plan is carefully designed to the individual client’s family and financial situation. A revocable living trust is a… Read More
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Categories: Estate Planning, Trusts
Last Will and Testament Document

What Happens If You Die Without a Will?

If you die without a valid will or trust — referred to as dying intestate — Arizona laws make all your decisions for you. That includes determining who gets your money and property. The laws also decide who can make your funeral and burial decisions and arrangements. In addition, absent a will that gives your directions about what happens aft… Read More
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Categories: Estate Planning