For most people, life insurance plays an integral role in their estate plan. The type and amount of life insurance that your purchase, however, will depend on a number of factors. The first step in deciding which type of life insurance you need and how it fits into your estate plan is to learn more … [Read more...] about Making Life Insurance Work for You
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Trust Creation Tips for the Beginner
While a Last Will and Testament remains the most utilized of all estate planning tools, a trust agreement is not far behind in terms of popularity. One reason trusts are such a common addition to the average estate plan is that a trust agreement can help you realize a broad range of estate planning … [Read more...] about Trust Creation Tips for the Beginner
5 Estate Plan Must-Haves
You probably have a fairly clear understanding of the overall goals of an estate plan. You may also have a vague idea of what needs to be included in a plan; however, until you actually sit down to work on your plan, the actual components of an estate plan remain a mystery. Not surprisingly, this … [Read more...] about 5 Estate Plan Must-Haves
Arizona Inheritance Law — Children Born to Unmarried Parents
No matter how old you are, the death of a parent is not something that is easy to accept. Along with the emotional impact of the loss, you must also deal with the practical and legal ramifications of your parent’s death. If you recently experienced the death of a parent, and you were born out of … [Read more...] about Arizona Inheritance Law — Children Born to Unmarried Parents
Will the Details of My Will Be Kept Private?
The terms of your Last Will and Testament are usually very private because it is in your Will that you typically distribute many of your estate assets. As such, you may not want the details of your Will to become public knowledge – even after you are gone. Toward that end, the estate planning … [Read more...] about Will the Details of My Will Be Kept Private?
3 Things You Can Do to Avoid Probate
When the subject of estate planning comes up, you have likely heard someone mention the importance of avoiding probate. That, in turn, probably has you wondering why probate avoidance is important and how your estate can avoid probate. To help answer those questions, the Tucson estate planning … [Read more...] about 3 Things You Can Do to Avoid Probate
Knowing If You Are In Need of Advanced Protection
Beyond the Standard Revocable Living Trust A complete estate plan starts with a standard revocable living trust. A revocable trust is one that can be altered or canceled by the creator of the trust, known as a Trustor. Standard revocable living trusts help manage and protect the assets of … [Read more...] about Knowing If You Are In Need of Advanced Protection
Common FAQs Surrounding AB Trusts
Due to recent changes in federal and state law over the past few years, many families are wondering if there is still a need for complicated tax-avoidance trusts. Traditionally, an AB trust was created by married couples for the purpose of minimizing estate taxes, but increased exemptions, large … [Read more...] about Common FAQs Surrounding AB Trusts
Common DIY Estate Planning Mistakes
The purpose of an estate plan is often misunderstood. We are not just planning for a future with ourselves in mind, we are planning for the future of our families in a world where we are no longer present. Many parents contribute to a college fund for their children, work hard to provide them with … [Read more...] about Common DIY Estate Planning Mistakes
Essential Steps for Creating an Estate Plan
At what age should I start thinking about my estate plan? This is one of the most common questions people ask us at Morris Hall PLLC. Although there is not a specific age per se, the answer is rather simple. Any adult who has assets they would like to protect should have some form of estate plan in … [Read more...] about Essential Steps for Creating an Estate Plan
