A properly managed trust provides financial support to beneficiaries while protecting assets. However, trustees must ensure that expenses align with the trust’s purpose and legal requirements.
Choosing the right storage location for your will ensures that it remains secure, accessible, and legally valid when needed.
Managing and planning one’s estate sounds like a task reserved for the uber-rich. However, that’s a common, and potentially costly, misconception.
One of the major benefits of a living trust is that the trust assets bypass the probate process. In most states, this may mean savings in probate costs up to many thousands of dollars.
Estate planning isn’t about focusing on your demise; it’s about taking control and making decisions that ensure that your loved ones are cared for.
A power of attorney ensures that a trusted person can make decisions on your behalf, preventing the need for a court-appointed guardian.
Retirement planning isn’t just about saving for the future—it’s about ensuring that your assets are protected and distributed according to your wishes.
A special needs trust protects assets, while preserving eligibility for government benefits. However, spending must comply with legal guidelines to avoid jeopardizing support.
Inherited property can come with unexpected tax consequences if you’re not prepared. Understanding how a step-up in basis affects capital gains tax is essential for Arizona residents. Learn how this rule works, when taxes apply, and why timing matters when selling inherited assets.
For all couples, conventional or not, planning is important. For unconventional couples, it is essential and a basic ingredient of a loving relationship.
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