Parents work hard to provide for the needs of their children. Part of that provision includes estate planning, which may be especially important for single-parent families. Arizona residents who are concerned about how their children would fare if they died unexpectedly may wish to establish a trust.
Few people like to think about death, especially their own. But those that do may find some comfort in the knowledge that they have protected loved ones through estate planning. Unfortunately, many Arizona residents mistakenly believe that having a plan in place is not necessary.
Today's families take many different forms. Many families are comprised of stepparents, biological children and children from previous marriages. When it comes to estate planning for these situations, Arizona residents may need to approach the task with careful consideration.