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estate planning Archives

Protecting estates against lawsuits

Arizona estates may be vulnerable to litigation and insolvency, not only after a person's dies, but also during their lifetime. While traditional estate planning can set forth how wealth can be passed on to heirs, it cannot protect assets that are lost in a devastating lawsuit. Comprehensive and effective planning, however, can provide wealth protection and preserve property for a person's heirs.

Estates should not ignore important digital assets

Clearly, estate planning must enter the digital age now that at least 77 percent of all Americans go online daily and handle their personal and financial matters online. An estate plan should now include digital assets and other personal property stored electronically, according to a financial expert.

Helping you draft and update an estate plan

Because it is the time of year that we are all gathered together with our loved ones, this might be a good opportunity to talk about your future plans. While no one likes to talk about death, taking the time to discuss your wishes at the time of your death could be very beneficial. Keeping your heirs and beneficiaries on the same page could help ease the process, ensuring that your wishes and desires are followed and met.

Same-sex couples have estate planning needs

The legal recognition of same-sex marriages in this country in 2015 presented special complexities for estate planning for same-sex couples. They face a hodge-podge of state laws and confusion on their legal marital status. Some same-sex couples are married but don't know it. It is important that they know their legal status.

Estate planning still required if the death tax dies

The current tax reform proposals under consideration in Congress call for the demise of the federal estate tax, which was also nicknamed as the death tax. Part of the reasoning for ending this tax is that it will eliminate complicated estate planning. Nonetheless, a well-thought-out Arizona estate plan will still be necessary, even with the death of the estate tax.

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