Estate planning is a very complex and ever-evolving process. You will likely continue to make changes to your estate plan right up to the end of your life. One of the most important aspects of estate planning is choosing people for the fiduciary roles within your plan. This is also an area where people frequently make mistakes. The Phoenix estate planning attorneys at Morris Hall PLLC discuss how to be sure you pick the right fiduciaries for your estate plan. What Is a Fiduciary? The law … [Read more...]
How to Protect Your Incapacitated Wealthy Grandparents
Grandparents are invaluable. They share their endless wisdom with you and often spoil their grandkids. While grandparents that spoil the grandkids are awesome, incapacitated grandparents with significant assets are a problem. Assets could be depleted, even stolen, leaving your grandparents destitute in their final years. While the idea of stepping in and taking over your grandparent’s finances and/or decision-making may make you uncomfortable, not doing so could put your grandparents at risk. A … [Read more...]
Arizona Probate Fees
Including probate avoidance tools and strategies in your estate plan is always wise. There are several reasons why avoiding probate should be an estate planning goal, including the cost of probating an estate. To encourage you to incorporate probate avoidance strategies in your estate plan, a Phoenix probate lawyer at Morris Hall PLLC explains Arizona probate fees. Probate Basics Most people leave behind an estate when they die that consists of all assets, both tangible and intangible, … [Read more...]
Why Do I Need an Estate Plan If I’m Not Married and Childless?
If you are single you may operate under the mistaken belief that estate planning is not necessary for you. Nothing could be farther from the truth. A Phoenix estate planning lawyer at Morris Hall PLLC explains why you need an estate plan even if you are unmarried and childless. Estate Planning Is About More Than Your Death One reason that so many people think an estate plan isn’t necessary for a single adult is the also mistaken belief that estate planning is all about death. While it is … [Read more...]
Using a Living Trust to Make Charitable Gifts
One reason for the popularity of trusts is the numerous and diverse estate planning goals that can be accomplished using a trust. If philanthropy is part of your everyday life, for example, you may wish to consider using a trust to continue that charitable gifting in your estate plan. A Phoenix trust lawyer at Morris Hall PLLC explains how you can use a living trust to make charitable gifts. Making Gifts with Your Last Will and Testament When most people think about gifting in their estate … [Read more...]
Trustee Control: How Much Is Too Much?
A trust is among the most popular additions to a comprehensive estate plan. If you choose to incorporate a trust into your estate plan, you will need to make a number of important decisions during the creation of your trust. Among those decisions will be the amount of control you wish to retain as the creator of the trust. Our Phoenix trust attorneys at Morris Hall PLLC explains how much Trustee control is too much. Trustee Control Basics If you are unfamiliar with trusts, it helps to … [Read more...]
Your Trustee Could Be the Reason Your Trust Fails
A trust agreement is one of the first documents added to an estate plan as it expands. A trust can help you accomplish a wide range of estate planning goals and objectives; however, your trust will only be successful if you appoint the right Trustee. A Tucson trust attorney at Morris Hall PLLC explains how choosing the wrong Trustee can cause your trust to fail. Trust Basics A trust is a legal relationship where property is held by one party for the benefit of another party. The person who … [Read more...]
Funeral Planning & Why It Should Be Included In Your Estate Plan
While it is certainly understandable that you may initially balk at the idea of planning your own funeral and burial, there are several good reasons to do so. In fact, incorporating a funeral planning component in your estate plan benefits your loved ones as well as offers you peace of mind. To help explain, the Phoenix estate planning attorneys at Morris Hall PLLC discuss why you should include funeral planning in your estate plan. Funeral Planning & The Cost of Dying Thinking of your … [Read more...]
How to Appoint the Right Fiduciaries
A frequently overlooked (yet crucial) aspect of estate planning is the importance of choosing the right people for the fiduciary roles within your plan. The choices you make when appointing people to fiduciary roles can contribute to the success or failure of your estate plan. To help prevent you from making the wrong choices, a Tucson estate planning attorney at Morris Hall PLLC discusses how to appoint the right fiduciaries. What Is a Fiduciary? A fiduciary is a person who holds a legal … [Read more...]
Estate Planning for the Beginner: What Happens After Your Death?
There are several myths and misconceptions surrounding the reason for having an estate plan in place. For the estate planning beginner, it is important to dispel these myths and misconceptions. Many of these myths and misconceptions surround about what happens after your death. To help make sure you do not fall victim to any of these mistaken ideas, our Phoenix estate planning attorneys at Morris Hall PLLC discuss what happens after your death. Estate Planning for the Beginner: After Your … [Read more...]
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