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…
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 number [...]
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 [...]
Irrevocable Trust FAQs
Irrevocable Trust FAQs An irrevocable trust is often a confusing estate planning document to many people. In this article, we will go over commonly ask irrevocable trust questions to help you better understand them and how they work. What is an Irrevocable Trust? An irrevocable trust is a type of estate planning document. It avoids probate. But you cannot change it once you sign it. You also lose control over any assets placed into [...]
Probate FAQs
Probate FAQs Probate is a complex legal process and leaves many people confused and with unanswered questions. In this article, we will go over probate FAQs to help guide you along in the process. What is Probate? Probate is the court-supervised process that is often necessary to distribute assets after someone passes. It becomes necessary if someone passes with or without a will. Most banks and financial institutions require court approval documents to give [...]
Choosing Your Trustee
Choosing Your Trustee A trustee is an entity or a person who you appoint to manage your trust after you can no longer manage the trust yourself. For a Revocable Living Trust, this person is your successor trustee. In this article, we will go over what you need to know for successfully choosing your trustee. Duties of a Trustee A trustee is a fiduciary. This means the trustee must act in the best interests [...]