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estate planning Archives

Estate planning is not the time to engage in DIY

The internet is full of websites that purport to teach a viewer how do almost any task.  While many of them can be helpful, there are some topics that do not lend themselves well to a do-it-yourself (DIY) approach. Though it may be tempting to think about carrying out estate planning in this fashion, Arizona residents may find that such an approach will cost more in the end.

Why singles need to engage in estate planning

Living the life of a single person may be a fantasy for married parents. While those with children have obvious reasons for tackling estate planning, single people benefit from it as well, maybe even more in some circumstances. Arizona singles may wonder why they should consider this an important task.

Estate planning is a loving act for family and other heirs

It is estimated that that only 30 percent of adults have taken the time to settle their affairs. This indicates that most people have yet to tackle the important issue of estate planning. Though this task is often seen as irrelevant to all but the wealthiest, Arizona residents who do have plans demonstrate sincere concern for their loved ones.

Estate planning mistakes can undo good intentions

No one enjoys contemplating their own demise. Sadly, it's true that one cannot avoid death or taxes, but careful estate planning can alleviate much confusion for loved ones. Arizona residents who are preparing to undertake this task may benefit from learning what common mistakes can undo their best intentions.

Estate planning can serve a variety of purposes

It is human nature to put off important tasks at times. In reality, life is unpredictable, and it is often more prudent to have a plan in place for how to take care of one's needs in the event one becomes incapacitated or dies unexpectedly. Arizona residents who are unsure of how to begin estate planning may benefit from learning more about the basics behind this essential task.

New year may be perfect time to revisit estate planning

During the holiday season, people spend much time and effort on finding the perfect gifts for friends and family. It's also a good time to ensure that one's estate planning documents are current and reflect one's final wishes. Arizona residents who have documents in place may benefit from revisiting those plans to check that they still provide for their intended heirs.

Comprehensive estate planning can provide the best protection

Over the past few years, there have been a number of stories in the media regarding what has happened to the estates of celebrities who died unexpectedly. It is often assumed that the wealthy have detailed estate planning handled long before their heirs will need it. Unfortunately, simply having a will may not be enough to protect one's assets for the intended heirs. Arizona residents who are considering how to provide for their heirs should begin the process sooner rather than later.

How can wills be updated?

A person's goals and situation can change greatly over time. So, it is not uncommon for individuals to find themselves in a situation in which a will they formed no longer fits their wishes. Thankfully, wills can be updated to meet a person's changing goals and needs. Today, we'll go over the two main ways a person can change his or her will.

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