Depending on your investments and your intentions, you may need to take a couple of extra steps to ensure that your assets will be passed on exactly as you intend. Without some precautionary measures, a portion or even a majority of your assets may be passed on in a manner that does not meet your wishes. This may pertain to your 401(k) plan and IRA.
Read the Full ArticleArranging for the management of your estate in the event of your death may seem like an intimidating and confusing task, but with the right help and guidance, estate planning can be relatively simple and painless. There are several basic elements of an estate plan.
Read the Full ArticleIf you die without a will in Arizona, your property will be divided according to Arizona’s intestacy laws. The laws are complicated, but basically, your property will be divided amongst your heirs, and the amount each heir receives depends on their familial relationship to you. So, if you want to pass a certain amount of your estate on to a particular heir, the laws may not distribute in the exact way that you intended.
Read the Full ArticleIf you need assistance to start your will or trust, evaluate your assets, or decide who should distribute your assets, I strongly suggest that you consult with an Arizona Estate Planning attorney that can guide you through the process. Working with someone with years of experience can make the process much easier, and will give you the assurance that you’ve handled your affairs properly. Call (480) 464-1111 to schedule a consultation with Arizona estate planning attorney, David Weed today.
Read the Full ArticleWhen creating a power of attorney, the most important step is to understand why you want someone to have control over your legal or financial matters. There are many reasons why people create powers of attorney– the most common being when individuals want someone else to make decisions for them when they lose mental clarity with old age. Maybe you’re in the military and want someone looking over your affairs while you’re deployed. Another good reason to create a power of attorney is to have someone available to act for you if you suffer a devastating medical injury that leaves you unable to handle your affairs.
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