Why Trusts are Recommended for Blended Families

Becky Cholewka: We do a lot of estate planning for blended families. One of the reasons why trusts are usually recommended for blended families is we have a problem when we just have all of our accounts that are owned jointly between the spouses, or if there’s just a will naming everything to the spouse… Read More »

What is a Personal Representative?

Becky Cholewka: In Arizona, the person that handles the probate process, if there is one, is called a personal representative. Some states call that something else like executor if you’re from California. It’s basically the same type of responsibility. It’s who has to handle the probate process for you if your estate has to go… Read More »

What is a Life Estate?

Becky Cholewka: One question I often get is, “Becky, what is a life estate?” A life estate is when you want to leave an asset to someone for them to be able to use and enjoy during their lifetime, and then when they pass on, you want that asset to got to someone else. The… Read More »

The Problem With Some Online Banking Institutions

Becky Cholewka: One of the things that we help clients with here is trust funding. That’s when you are putting assets into the name of a trust once a trust has been created. One of the things that we are finding recently is there are lot of online bank accounts that our clients are using… Read More »

The Importance of a Living Will for Young Adults

Becky Cholewka: One of the documents I especially encourage young adults to put into place is the living will. The living will is the document that says if I am in an irreversible coma or a persistent vegetative state, or I’m terminally ill, I’m end of life, someone else is making decisions for me, here… Read More »

How a Trust Can Protect a Minors Inheritance

Becky Cholewka: Part of the reason why I got into estate planning is because I’ve seen this situation from a lot of different angles in my own family. My dad died actually when I was 19-years-old. I was in college. My sister and I both received from a life insurance policy he had, about $40,000…. Read More »

Estate Planning for Pets

Becky Cholewka: You know a lot of our clients have pets, and I’ve always had pets myself. We want to make sure we plan for those pets in case something should happen. Now, we have a more complicated thing that we can do called the pet trust, which is where we leave money in trust… Read More »

Why Women Need Estate Planning

Becky Cholewka: Women out there, you really need to consider making sure that your estate planning documents are, first of all, done as well as up-to-date. Why? Well, statistics show that we outlive men. What happens if we outlive our husbands, let’s say? If we don’t have anything in place, usually we leave it up… Read More »

The Problem with Verbal Wishes in Arizona

Becky Cholewka: One of the things I love about shooting videos is my staff always gets to hear all of my answers and information that I always put out on video. Then they always ask me great questions about their own situation. I just got a great question from one of my employees that said, “You… Read More »

The Biggest Myth About Estate Planning

Becky Cholewka: One of the biggest myths about estate planning is, “Becky, I want to have a will because if I have a will, my family won’t have to go through the probate process.” That is actually 100 percent untrue. In fact, if the only thing that you have done in regards to estate planning is… Read More »

The Benefits of a Revocable Trust

Becky Cholewka: There is so much confusion and misinformation out there about trusts. Today, I want to give you just a little breakdown of why revocable trusts have certain benefits because there’s a lot of people out there that say, “Oh, you don’t need a trust anymore just based on our tax laws. Well, that’s absolutely… Read More »

Putting Your Funeral Wishes in Writing

Becky Cholewka: One of the things that estate planning can do is also help plan for your funeral. In a will, or trust, or power of attorney, we can put in your wishes as far as whether you’d like to buried or cremated. You could also have additional documents that are not legal documents. They’re just… Read More »

A Tip for Personal Representatives Going Through the Probate Process

Becky Cholewka:  I have a tip for those of you who are acting as personal representative in a probate process. Some states call that executor. Here in Arizona, we call that personal representative. When you are dealing with collecting assets, especially from financial institutions, you want to make sure that those financial institutions are submitting… Read More »