Category: Trusts

Do Executors Have to Give an Accounting to Beneficiaries?

Introduction An executor is responsible for managing the affairs of a deceased person’s estate. Also referred to as a personal representative, an executor is

Can a Trustee Remove a Beneficiary from a Trust?

Introduction Complex family dynamics can quickly complicate estate planning. If there is conflict between a trustee and beneficiary, the trustee may attempt to remove

Life Insurance Policies Can Become Part of an Estate After Death

Introduction Many Arizona residents are covered by a life insurance policy. Whether the policy’s death benefit is $10,000 or $1 million, the point is

QTIP Trusts are a Popular Estate Planning Tool for Remarried Adults

Introduction QTIP trusts allow a married adult to provide lifetime income for their surviving spouse without jeopardizing the inheritance intended for children from a previous

How Long Does it Take to Settle an Estate With a Trust in Arizona?

Introduction When an Arizona resident passes away, their estate will need to be settled through probate. Assuming the decedent left a will and none

Can You Amend Your Living Trust in Arizona Without an Attorney?

Introduction Can you amend your living trust without an attorney in Arizona? When and how should you do so?  Most financial experts say that

Get Help with Special Needs Trusts in Arizona

Introduction Special needs trusts are used to provide protection and security to disabled persons who may need supplemental income or more financial independence. At

Difference Between Revocable And Irrevocable Trusts

Introduction A trust is a legal entity created by a document called a trust agreement. The agreement will spell out the trust’s purpose, who

Pros and Cons of Revocable Living Trusts

Introduction Trusts are a massively underused estate planning tool. They are formed by drafting a trust agreement that clearly sets forth the trust’s operating

Arizona Trust Laws: Execution, Requirements & More

Introduction Trusts come up in just about every discussion on estate planning. There are those who tout trusts as a one-size-fits all approach to

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