So you are opening up your own business or maybe you just purchased a rental property and want to know the best type of entity to set up for you and your partners. In general, there are really two options, you can either set up an LLC or a corporation. Five Things to Consider Although Read More
Read MoreEach month, I receive several calls from clients whose parents or loved ones are incapacitated and need assistance. These clients want to help, but are not sure what to do. Sometimes the family member has previously signed powers of attorney or other estate planning documents to address this situation, but sometimes they have not. What Read More
Read MoreAlthough it has now been a few years in our house, I remember when are kids were toddlers. You remember the “It’s mine” stage – If it’s yours, it’s mine; if I think it’s mine, it’s mine; and if I want it, it’s mine. It’s amazing how rapidly mature adults can revert back to this Read More
Read MoreDoes my will help my family avoid probate? Although many people believe that creating a will helps them to avoid a probate, this is absolutely false. A will does not avoid a probate at all. Then what does a Will do? A will does allow you to select a personal representative (Arizona’s legal term for Read More
Read MoreAre Your Business Formation Documents Up To Date? Whether you are setting up your own business for the first time or have been in business for many years, it is important to understand the different documents that are necessary for your business entity to stay in good standing and how to keep those documents up Read More
Read MorePeople often think that beneficiary designations are no big deal, but they are! For most people, their 401(k)’s, IRA’s, and life insurance policies make up a significant portion of their estate. Yet, many times the same people who spend hours reviewing their trusts and other estate planning documents hardly think at all about beneficiary designations Read More
Read MoreWhen most people think about their estate planning, they think of transferring their homes, their bank accounts, and their investments – but they forget about their businesses. However, for most business owners, their business is the largest asset that they have! Often, business owners forget to plan properly for this important asset when creating their Read More
Read MoreThese days, way too many people put off drafting their will or trust until “tomorrow”. In a way, it is understandable, because no one likes to think about death (especially their own). However, the reality is that it is coming for all of us, and putting off drafting your will, trust, and other estate planning Read More
Read MoreAlthough there are several ways to avoid a probate, the best way to do so is generally by setting up a revocable living trust for you and your family. There are three other ways to avoid a probate, but, as you will see, each of these other options has significant drawbacks. Give It Away During Read More
Read MoreSo You’re Named as the Personal Representative . . . Here’s the scenario . . . Your elderly aunt recently passed away and named you as the personal representative (i.e., Arizona’s word for executor) of the estate in her Will. You know that she has a modest home in the Phoenix area worth approximately $200,000, Read More
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