Estate Planning Articles Library

Can I Leave My House to Someone in My Will?

The odds are that your house is the most valuable asset you own, so naturally you want to ensure it ends up in the right hands after you’re gone. If you’re married, you probably want your house to pass to ...

Can a Trustee Withdraw Money From a Trust?

Trusts aren’t just employed by the wealthy. On the contrary, individuals from a wide range of backgrounds and income levels set up trusts as a way of passing property to loved ones. Not only does creating a trust allow you ...

What Is the Downside of an Irrevocable Trust?

Trusts are commonly used to determine how a person’s assets should be managed and distributed before and after death. Revocable trusts are created during the trustor’s lifetime and can be altered, modified or revoked at any time. As the name ...

How Long Does a Trustee Have to Distribute to Beneficiaries?

Handling assets in a trust is a major commitment that involves the management of assets until beneficiaries reach legal age. Trustees have a fiduciary duty to act in the best interests of the beneficiaries which requires access to certain financial ...

Do Executors Have to Give an Accounting to Beneficiaries?

An executor is responsible for managing the affairs of a deceased person’s estate. Also referred to as a personal representative, an executor is often appointed by a probate court and holds many responsibilities. From submission of the decedent’s last will ...

Can a Trustee Remove a Beneficiary from a Trust?

Complex family dynamics can quickly complicate estate planning. If there is conflict between a trustee and beneficiary, the trustee may attempt to remove the beneficiary from the trust. There are several key people involved in the creation and management of ...

Estate Planning and Coronavirus

The novel coronavirus (COVID-19) is having an unprecedented effect on our society, and elderly adults are at a particular risk of falling ill. While staying at home is the best way to protect yourself and your loved ones from this ...

Life Insurance Policies Can Become Part of an Estate After Death

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 usually the same — to cover the cost of your burial and funeral, and provide income for ...

QTIP Trusts are a Popular Estate Planning Tool for Remarried Adults

QTIP trusts allow a married adult to provide lifetime income for their surviving spouse without jeopardizing the inheritance intended for children from a previous relationship. QTIP trusts also provide flexibility for the decedent’s executor (referred to as the personal representative in ...

Determining Who Can Be an Executor of an Estate in Arizona

When someone passes away, they’ll need an individual to act on their behalf in settling their estate. Arizona law refers to this individual as the personal representative, though many other states use the traditional title of executor. Semantics aside, the ...

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