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…
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.
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…
Beneficiary Deeds-Advantages and Disadvantages
Beneficiary Deeds-Advantages and Disadvantages Beneficiary deeds are a type of estate planning document. Like any estate planning document, there are both advantages and disadvantages to using one. What works best differs from person to person, depending on their situation. In this article, we will go over the advantages and disadvantages of using a beneficiary deed. How Beneficiary Deeds Work A beneficiary deed, also called a transfer on death deed (TOD), is an estate planning [...]
AB Trusts
AB Trusts AB trusts were originally created with the main purpose of helping to reduce estate taxes. In this article, we will go over how AB trusts work, additional benefits they offer, as well as drawbacks you should be aware of. Original Purpose AB trusts got their start under old estate tax laws. In the past, each spouse had their own estate tax exemption. Typically, the first spouse to pass would not use their exemption. [...]
7 Common Probate Misconceptions
Common Probate Misconceptions Probate is the court-supervised process of distributing someone’s assets after they pass. The process can be confusing, and most people know very little about it. Due to this fact, there are a lot of misconceptions about the probate process. In this article, we will clear up 7 of the most common probate misconceptions. #1-A Will Helps You Avoid Probate By far the most common estate planning and probate misconception is that [...]
You May Need to Update Your Estate Plan
You May Need to Update Your Estate Plan One of the top estate planning mistakes you can make is failing to update your estate plan. Not making the proper updates can wreak havoc on the best thought out plans. In this article, we will go over six reasons you would need to update your estate plan. 1. Changes in Legislature A change in legislature, whether it is for taxes or estate planning, is the [...]
Creating a Corporation
Creating a Corporation A corporation is a type of way to organize your business entity. Depending on your business situation it could be beneficial to create one. In this article, we will go over the benefits and disadvantages of corporations and how to create one in the State of Arizona. Corporation Benefits There can be many benefits to setting up a corporation. Some benefits may include: Limiting Your Liability: Since a corporation is a separate [...]
Why Estate Planning Is Important
Why Estate Planning Is Important Estate planning is important as a component of your financial life. But many people put it off because the topic upsets them or they think they are not rich enough or old enough to worry about it. But it is something vital for everyone to take care of. In this article, we will go over some of the many reasons why estate planning is important. Directs Your Wealth Where You [...]