We know it’s hard. Thinking about someone else raising your children stops us all in our tracks. It feels crushing and too horrific to consider. But, you must. If you don’t, a stranger will determine who raises your children if something happens to you, which means your child’s guardian Continue reading
No one wants unnecessary court involvement in their life. But without careful and proactive estate planning, chances are that some aspect of your estate will end up being decided there.
Here are two of the most common ways court proceedings can make their way into the management and Continue reading
If you’re reading this, you need an estate plan. “Why?” you might ask. The short answer is “Everyone, age 18 and older needs an estate plan.” It doesn’t matter your age; if you’ve built up considerable wealth or if you are just entering adulthood, you need a written plan to keep you Continue reading
While the term fiduciary is a legal term with a long history, it very generally means someone who is legally obligated to act in another person’s best interests. Trustees, executors, personal representatives, and agents are all examples of fiduciaries. When you pick trustees, executors, Continue reading
Most financially savvy individuals begin to plan their estate when they’re in peak mental shape. The idea that this might change at some point in the distant future is an unpleasant one, and they would rather go about their estate planning as if they’ll be as sharp as a tack late Continue reading
Yes, even the undead need an estate plan. After you stop laughing you need to hear me out. As we’ve learned from the likes of The Vampire Chronicles, the Twilight saga, and HBO’s True Blood, vampires aren’t immortal. They do die, and it’s usually unexpected and messy.
While vampires Continue reading
An Overview of Some Long Term Care Options
One of the greatest concerns for the elderly we serve and their families is that of long term care. Two-thirds of seniors will need care at some point in their life and many have not planned for this likelihood. It is an emotional and unpleasant Continue reading
Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits. This is absolutely not true.
While Trusts commonly provide asset protection for beneficiaries – few Trusts protect assets owned by the person Continue reading
Well…in my opinion yes…and it could be a real dog fight! I’ll explain further at the end.
We are discussing a Pet Trust which is statutorily established in Arizona and Utah, where I practice law. For many pet owners, pets are members of the family. These individuals often say that Continue reading