Arizona Living Trust: Comprehensive Guide
Whether it’s a simple estate plan or a complex trust document, the Arizona living trust is a flexible and easy-to-use tool to help you protect your assets from the unexpected.
Whether it’s a simple estate plan or a complex trust document, the Arizona living trust is a flexible and easy-to-use tool to help you protect your assets from the unexpected.
Many people assume elder law attorneys are the only option when it comes time to create legal documents or begin planning their estate. There is a less costly choice, however, in the form of a legal document preparer.
Why Should I Write a Will in Arizona? A Last Will and Testament is a legal document that instructs the state how you would like your property distributed after your death. When people pass away without a will, property must be legally distributed in accordance with Arizona law related to intestate succession. This creates unnecessary…
While challenging a will in Arizona might sound complicated, it’s definitely doable under specific conditions. If someone, such as a family member or an heir, feels unfairly treated by a will or has doubts about its legitimacy, they can choose to contest it. However, it’s important to know that this is often a long process…
As Baby Boomers age, it is expected that the population of older Americans will increase dramatically in the next twenty years. With age comes less independence and for many people, a need for either in-home care or an assisted living facility. Perhaps you are the child of an older adult who is beginning to lose their ability to remain independent.
A quitclaim deed is a legal way to transfer interest in real estate property. It is often used to quickly transfer property ownership from one individual to another. The original owner of the property “quits” their ownership of the property in question, leaving the recipient in control of the property. With most major property transfers,…
What you need to know about Arizona inheritance laws, including the laws that govern the rights of surviving spouses, children, and parents.
What Is a Personal Representative? A personal representative, also known as an executor, is a person who is responsible for managing the estate of a deceased person. The personal representative is responsible for carrying out the instructions set forth in the deceased person’s will, and for ensuring that the estate is properly administered according to…
Miller Trusts, or income only trusts are sometimes a good option for Arizona seniors that need help qualifying for the ALTCS program. Miller trusts fall under the category of supplemental needs trust, and are designed to protect the assets of a disabled person while they are making use of state benefits for their care.
Medicaid Long Term Care Rules To receive Medicaid for long term care, a recipient must have less than a certain amount of income and assets. An asset includes cash, certain life insurance policies, bonds, stocks, money market accounts, second homes, second cars, and anything else that could be potentially converted to cash. Certain assets can…