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

Estate Planning and Coronavirus

Introduction The novel coronavirus (COVID-19) is having an unprecedented effect on our society, and elderly adults are at a particular risk of falling ill.

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

What is a Trustee?

Introduction What does it mean if you’re a trustee? Every trust must have a trustee to carry out the wishes of the person who

How Does a Trust Work?

Introduction Setting up a trust is an essential part of estate planning. This useful document can help ensure your assets go to your chosen

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

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