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Category: Estate Planning

How To Fund Your Trust In Arizona

How To Fund Your Trust In Arizona

A trust is a legal document that allows a third party, known as a trustee, to manage your remaining assets after you die and distribute those assets to your beneficiaries. A trust can go into effect while the trustor is...

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Can I Make My Will Myself?

Can I Make My Will Myself?

What is a will? A will is a legal document that expresses a person’s wishes as to how their property should be distributed after their death and names a personal representative that should manage the distribution of that property. A...

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Why Do I Need An Estate Plan?

Why Do I Need An Estate Plan?

If you have any assets, regardless of age, income or net worth, you should work with a knowledgeable estate planning attorney and make plans for your estate. Why? Because failing to plan for your estate can leave a large mess...

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Probate Guidelines For Transfer of Assets

Probate Guidelines For Transfer of Assets

If a person dies without a will or trust (intestate), probate proceedings will determine the transfer of assets to their heirs. The most common guidelines that the probate court will follow when distributing the assets are: The spouse receives all...

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Witness Requirements For Wills

Witness Requirements For Wills

In Arizona, one way to validate a will is to have two witnesses observe the signing of the document. A witness must view the actual signing of the document and attest to the signature on the document. In Arizona, there...

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Blended Families

Blended Families

When individuals are in their first marriage, most assets are accumulated together, split 50/50, and are typically left to a surviving spouse. However, with roughly half of marriages now ending in divorce and approximately 75% of people remarrying, those same...

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Estate Planning: Signs of Undue Influence

Estate Planning: Signs of Undue Influence

The estate planning process allows a person to solidify important wishes in writing. This can include monetary disbursements, property decisions, and financial plans for dependent family members. The risk of your loved one being manipulated increases as they age; this...

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Estate Planning: What Is Probate?

Estate Planning: What Is Probate?

Probate is a court procedure that determines how a deceased person’s estate will be administered (distributed). The Probate process identifies and inventories the deceased person’s assets/debts, pays any applicable taxes/debts, and then distributes the remainder to beneficiaries named in the...

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Estate Planning: Common Questions About Wills

Estate Planning: Common Questions About Wills

What is a will? A will is a legal document that expresses a person’s wishes as to how their property should be distributed after their death and names a personal representative that should manage the distribution of that property. Is...

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Estate Planning: Vanessa Bryant and the Dangers of a Poorly Drafted Trust

Estate Planning: Vanessa Bryant and the Dangers of a Poorly Drafted Trust

After the birth of his first daughter, Kobe Bryant established a trust, which he later amended to include two additional daughters. However, prior to his sudden death, he did not amend his trust to add his newborn daughter. The trust...

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