What is a Non-Profit Corporation? A non-profit corporation is a special type of corporation that is typically created for charitable purposes. This type of business puts out that they are creating themselves for a purpose other than generating a profit. In this article, we will go over how to create a non-profit corporation in [...]
Estate planning is a complex area. This confusion can lead to misconceptions being widely spread as the truth. In this article, we will go over 10 common estate planning misconceptions. This will give you some of the knowledge necessary to properly navigate estate planning. 1. A Will Avoids Probate The most widespread of the [...]
How to Revoke an Irrevocable Trust An irrevocable trust is a complex estate planning document. If you are the grantor, or the person creating and funding the trust, you lose control of any assets placed in the trust. Additionally, you lose the ability to change or revoke the trust. However, there may be some [...]
Irrevocable Trusts Irrevocable trusts are estate planning documents. They are powerful tools that can be very beneficial in certain situations. In this article, we will go over how irrevocable trusts work, some of their benefits, and some of their pitfalls. How Irrevocable Trusts Work An irrevocable trust is a type of trust. After you [...]
Small Estate Affidavits in Arizona In Arizona, there are several legal avenues you can use to transfer property after someone passes. These include informal and formal probates, as well as small estate affidavits. Small estate affidavits can prove to be a simple low-cost tool when dealing with relatively small estates. In this article, we [...]
Naming a Guardian for Your Children If you have any children under the age of 18, naming a guardian is a vital component of your estate planning process. In this article, we will go over what happens when you do not name a guardian for your children, how to name one, and questions [...]
Last Will and Testament - The Basics A last will and testament is a document that allows you to outline our wishes for how you would like your estate to be taken care of. A will is a probate document. It is a common misconception that a will avoids probate. Rather, it is a [...]
Revocable Living Trust A cornerstone of a complete estate plan is a revocable living trust. It allows you to avoid probate and have control over what happens to your money when you pass. In this article, we will discuss revocable living trust basics. This includes how they work, their advantages, and how to [...]
Estate Planning Basics: A Beginner's Guide Many people think that estate planning is too expensive for them or they do not have enough money to need one. Many more put it off because they do not like contemplating their own mortality. No matter your situation in life, estate planning is a vital component. [...]
What to Do After Creating a Living Trust Leaving your estate planner’s office with your executed documents is not the last step of a successful estate plan. There are still several steps that you will need to take after creating a living trust. In this article, we will go over five of [...]
