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Updating Your Beneficiary Designations After Divorce in Arizona

Many financial assets and legal document have beneficiary designations attached to them. Examples include: IRA 401(k) Employer-sponsored retirement plans Life insurance policy Annuity Transfer-on-death (TOD) arrangement Any variety/other assets or accounts Beneficiary designations area simple, direct and efficient way to ...
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Common Ways To Avoid Probate

Probate is time consuming, expensive, and usually unnecessary, it’s a good idea to plan in advance to avoid it.  There are several ways to pass property onto your inheritors while avoiding probate.  Here are some of the most common ways ...
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What Happens If You Don’t Have a Will

All too often, individuals die before making a will and estate plan. Even if you don’t have children, a large estate, or a spouse, it is important to have a will that designates what happens to your property after your ...
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How to Leave Your Property to Young Children

Along with the joys of becoming a new parent also brings a new sense of responsibility, especially making sure that in case of a tragic accident your offspring would be taken care of physically and financially. Because current laws don’t ...
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What does Dying Intestate Mean?

If 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 ...
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Estate Tax Planning

Estate taxes play a major role in developing and funding an effective estate plan. In Arizona, estate taxes can be imposed on property that is left to an heir when a person passes away. Gift taxes can also be imposed ...
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