When adding a new child to your family, his or her immediate needs can seem overwhelming. This is true whether you give birth or adopt your child. Nevertheless, you should try to think about updating your estate plan if you already have one or creating one if you do...
Estate Planning
What does a personal representative do?
When someone names you as the executor in his or her will, you also become the personal representative of his or her estate when he or she dies. You, therefore, assume responsibility for overseeing the deceased’s assets and making sure they pass to his or her heirs...
Why do my heirs need to go through probate to get my property?
Arizona's laws require your property to go through probate before it legally transfers to your heirs. As noted by SmartAsset.com, if you die with a will in Arizona, the probate court reviews it for validity. Your chosen personal representative then distributes your...
When is the right time to review your estate plan?
Estate planning is a long and exhausting process, in which it may benefit you to have legal guidance due to the sheer complexities involved in estate affair management. Of course, your work is not over after you create your estate plan, either. Rather, you must review...
Reducing inheritance conflict among siblings
As an Arizona resident who has more than one child, you need to take extra care when crafting your estate plan to avoid unnecessary trouble. Sometimes, the steps you make during estate planning have the potential to cause conflicts between your children. According to...
How can you avoid leaving behind a bad estate plan?
Creating an estate plan provides more benefits for your loved ones than it does for yourself. It will help save them time, effort and money as they handle your affairs after your death, which is often needed and appreciated by your exhausted and grieving family...
Should you make an estate plan after buying a home?
Due to recent changes around the country, more and more young people have put in the investment to own a home. In fact, mortgage rates have reached all-time lows at the same time that prices hit record highs and inventories hit record lows. But many people go into...
What do you need for estate planning?
When you start in on your estate plan, it may feel like an overwhelming step to take at first. This is especially true if you have done nothing like it before and have no previous experience with matters of the estate. Before you dive in, you will want to do your...
What if you do not create a will?
Ask any adult in Arizona, and they may likely tell you that they have yet to begin the estate planning process. Indeed, statistics show that a majority of American adults do not have a will. This may make you feel somewhat better about not yet addressing your own...
What uses do advance directives have?
Looking ahead at what medical care you might need in an extreme situation can seem intimidating at first. In the event of an emergency, advance directives allow you to write legal instructions in case there is a time when you cannot make them for yourself. Includes an...