Most of the time, learning that you are the beneficiary of an inheritance is welcome news. Occasionally, however, a beneficiary does not want an inheritance. If you find yourself in that position, you may be wondering if you are required to accept the inheritance. The Tucson probate lawyers at … [Read more...] about Do I Have to Accept an Inheritance?
Estate Planning
Protecting Your Farm or Ranch in Your Estate Plan
Once upon a time, family farms and ranches formed the lifeblood of the United States. While there are certainly not as many as there once were, family-owned and operated farms and ranches still exist across America. If you own a farm or ranch, it may seem like a full-time job just keeping it running … [Read more...] about Protecting Your Farm or Ranch in Your Estate Plan
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
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
What to Know About 401K’s and IRA’s
At Morris Hall, we know that a secure future hinges on our current preparation. A small amount of time and effort now can lead to considerable benefits later down the road. Many systems have been put into place to help individuals achieve peace of mind as they age and when speaking towards financial … [Read more...] about What to Know About 401K’s and IRA’s
How to Prepare for Estate Planning Under the SECURE Act
On January 1, 2020, the Setting Every Community Up for Retirement Enhancement (SECURE) Act took effect. It has become the largest retirement reform to have an impact on the economy since the Pension Protection Act of 2006 was enacted. The SECURE Act was first drafted to address the difficulty many … [Read more...] about How to Prepare for Estate Planning Under the SECURE Act
