Does a Trust Have to File a Tax Return in Arizona?
Introduction It’s natural for people to want to protect their loved ones after they’re gone. A way of safeguarding the future, trusts allow individuals to distribute assets to loved ones based on their...
View ArticleMaking a Will With Step-Children Involved
Introduction Blended families are the norm these days, and in most cases they’re as complicated as traditional families, if not more so. Unless you previously adopted your spouse’s children, they’re...
View ArticleWhen Does a Durable Power of Attorney Expire?
Introduction You’ve probably heard the term power of attorney. A legal designation, power of attorney refers to a document that grants an individual, known as the agent, the power to act in the...
View ArticleUnderstanding the Difference Between a Trustee and an Executor
Introduction If you die without a will, Arizona state law will determine who inherits your money and belongings, and it might not be according to your wishes. To control where your property goes when...
View ArticleHow Does A Living Trust Checking Account Work In Arizona?
Introduction One of the most commonly used and most important documents in estate planning is a last will and testament that itemizes all of the assets and property that are owned and determines how...
View ArticleWhat Expenses Can Be Paid From A Special Needs Trust?
Special Needs Trusts are valuable tools used to assist individuals with special needs to pay for everyday expenses that are not covered by any government benefits programs. But, the funds in the trusts...
View ArticleIs A Will Written In One State Valid In Another?
Introduction From obtaining a new driver’s license to updating your voter registration, moving to a new state means you need to update a lot of your personal information to avoid costly fines and...
View ArticleCan You Transfer Assets Out Of An Irrevocable Trust?
Introduction There are many types of trusts, but the two most common are revocable and irrevocable. A revocable trust, sometimes referred to as a living trust, allows for assets to be transferred into...
View ArticleCan a Beneficiary Be a Trustee in Arizona?
Introduction It’s no secret that estate planning can be complex. Whether you’re creating your own trust or serving as a trustee for someone else, you might have questions about the laws surrounding...
View ArticleDoes a Beneficiary Have to Share With Siblings in Arizona?
Introduction Many parents opt to divide their estates evenly among their adult children. However, the law doesn’t require that parents divvy up assets in this manner — or that beneficiaries share their...
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