Legal Documents2017-05-09T20:30:21+00:00

ESTATE PLANNING

It is estimated that only 20% of American have a Revocable living trust, it is important that you have taken the appropriate measures to create the appropriate legal documents…

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BUSINESS CREATION

Starting a business is an overwhelming feat, and it starts with ensuring that you have properly created and submitted your business to the correct agencies.

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PROBATE

After experiencing the loss of a loved one the last thing that one wants to do is spend hours in court trying to navigate the complicated probate system…

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1107, 2018

What Happens When You Don’t Have a Trust

By |July 11th, 2018|Legal Documents|

What Happens When You Do Not Have a Trust Many people wonder what the exact benefits of having a trust are. One of the best ways of illustrating the benefits is to go over exactly what happens when you do not have a trust. In this article, we will go over two different scenarios: if you pass with a will and without a will. These scenarios are based on probate laws in the State [...]

3005, 2018

Irrevocable Life Insurance Trust

By |May 30th, 2018|Legal Documents|

Irrevocable Life Insurance Trust An irrevocable life insurance trust, or ILIT, is a special type of irrevocable trust. It can be used to help avoid paying estate tax due to large life insurance policy proceeds. In this article, we will go over the basics of how an irrevocable life insurance trust works. The Basics When you create an irrevocable life insurance trust, you set it up for the sole purpose of owning a life [...]

505, 2018

Creating a Non-Profit Corporation

By |May 5th, 2018|Legal Documents|

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 Arizona, the difference between tax-exempt and non-profit, and how to get tax-exempt status from the IRS. Creating a Non-Profit Corporation [...]

3003, 2018

10 Common Estate Planning Misconceptions

By |March 30th, 2018|Legal Documents|

Common Estate Planning Misconceptions 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 estate planning misconceptions is that if you have a Last Will and Testament your estate will [...]

1502, 2018

How to Revoke an Irrevocable Trust

By |February 15th, 2018|Legal Documents|

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 circumstances under which the trust can be revoked or changed. In this article, we will go over four ways to [...]

2901, 2018

Introduction to Irrevocable Trusts

By |January 29th, 2018|Legal Documents|

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 create it, it is irrevocable, or unchangeable. There are three main people that are involved with an irrevocable trust. The [...]