» Estate Planning
4 Arizona Estate Planning Considerations For Non-U.S. Citizens
June 18th, 2020
Many people with legal residence outside the United States own real estate and other assets in Arizona and spend part of the year here. Regardless of whether the Arizona connection is for residential or business reasons, all non-U.S. citizens need to be attentive to estate planning issues that arise from property ownership in the state. At Peterson…
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Is Probate Required For Every Arizona Estate?
May 21st, 2020
In our probate and estate planning practice at Peterson Law Offices, PLLC, clients often ask whether every Arizona estate must go through probate. The simple answer is “no,” every estate does not go through probate. But Arizona law requires many estates to go through a probate process. And — to make an important distinction — every estate d…
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Do-It-Yourself Wills & Estate Plans Are a Serious Mistake — Especially During Coronavirus (Covid-19) Uncertainties
April 6th, 2020
Your will and other estate plan documents protect you and your family during your life and after you pass away. Your estate plan provides peace-of-mind about the legal protection you have put in place. However, using forms or an online do-it-yourself (DIY) service can defeat those important goals and have significant negative consequences for you a…
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New SECURE Act 10-Year Distribution Rule for Inherited IRAs and 401(k)s May Affect Your Estate Plan
March 19th, 2020
If you own an IRA or 401(k) that will be inherited on your death, the rules that apply to inheritance of those assets just changed significantly. The change accelerates required distributions for many beneficiaries. The new rule is part of the federal SECURE (Setting Every Community Up for Retirement Enhancement) Act, enacted at the end of 2019. Th…
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Categories: Estate Planning
Arizona Beneficiary Deeds for Non-U.S. Citizen Real Estate Owners
February 21st, 2020
Buyers from all over the world purchase real estate in Arizona, largely because of our hospitable climate. Non-U.S. Citizens who purchase real estate in Arizona know they must be cognizant of all the legal implications of owning real estate here. One aspect that sometimes escapes attention relates to what happens to the property when the owner pass…
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Estate Planning For a Blended Family After a Remarriage
January 16th, 2020
Estate planning is important for everyone, but it is especially vital for individuals who have a blended family following a remarriage. The estate planning goal of ensuring that natural children (and grandchildren) receive their inheritance becomes more challenging in a blended family situation. Other special estate planning concerns warrant consid…
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Estate Planning Options For Singles Without Heirs
December 19th, 2019
If you’re unmarried and don’t have children or living relatives, you might think estate planning is not important or deserves your attention. However, it is an undertaking that is essential to protect you during your life and ensure that your property does not end up in the hands of the state. Singles sometimes feel there aren’t good…
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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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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
