What Is Probate?
Probate is a court-managed process where your assets are managed, potentially liquidated, and distributed. The time it takes to settle this issue depends on the size and complexity of the estate along with other factors. The probate process can be costly, stressful, and time consuming. If you need assistance with a yours or your loved […]
How Will Estate Taxes Affect Me?
Arizona does not have an estate tax (also called “death taxes.”) The federal estate tax is adjusted for inflation each year. In 2014, assets more than $5.34 million dollars are taxed at 40%. Currently, only .03% of Americans have federally taxable estates. If you need assistance with a yours or your loved one’s estate plan, […]
Why Do I Need An Attorney?
Most people think they can rely on Internet forms. While you can download basic forms, they don’t address your particular needs. Also, many of these documents don’t even comply with Arizona state law. Improper wills lead to problems such as estate litigation. By using an attorney, you are guaranteed to meet all state laws and […]
What If I Have No Estate Plan When I Die?
Don’t worry! The state of Arizona has a plan for you and will direct how your assets and property will be distributed. While the state doesn’t receive your assets if you do not leave a will, a number of thing are going to happen. For example, your children will receive any assets they are entitled […]
What Is Estate Planning?
Estate Planning is a process where you leave instructions for your loved ones in the event you die or become seriously ill. Estate planning can help you address a lot of crucial issues including: Division of your assets after you die. Deciding who will raise your minor children in the event you are no longer […]
What are Revocable Living Trusts?
You can plan for mental disability and death together with a document known as a revocable living trust. You can control your property when you’re alive and mentally competent, choose the person to control your property and investment decisions in the event you can no longer do so, and create a list of instructions to […]
What is the Probate Process in Arizona?
Any asset that goes through the court process are inventoried after you die and submitted to the court; your debts are paid before your loved ones receive the balance of your assets. In the state of Arizona, there is a small estate exception that allows your family to collect your personal property by affidavit if […]
How Does a Last Will and Testament Effect Elder Law?
A will contains a set of written instructions that determine how your estate is to be divided after your death. Your loved ones cannot legally take control until after your property passing through the will is put through probate. If you need help with preparing a last will and testament, please contact us and speak […]
What is Estate Planning for Death?
Death planning includes instructions for paying your debts and who will receive the balance of your assets. This is an important aspect of a solid estate plan and one in which our legal team will be more than happy to help you prepare. If you need help with estate planning for death, don’t take chances, […]
With Elder Law Who Will Make My Financial Decisions?
A document called a financial power of attorney allows you to choose the person who will manage your assets if you are unable to do so. A “durable” power of attorney can immediately take care of your property, whereas a “springing” power of attorney can’t begin to take care of your assets until the day […]