Serving Queen Creek, Gilbert, Mesa, San Tan and the entire East Valley
In simple terms, a residuary estate is any part of your estate that hasn’t been distributed to your heirs through a last will and testament.
It may be better to give than to receive. However, it may be even better to give and see your generosity rewarded.
Will there be changes in your circumstances or your family that should lead to a review of your plan? Could some events cause you to need to revise or update the plan?
Adult children may anticipate, but are not legally entitled, to an inheritance.
I’m looking for guidance on where to start with planning in case something happens to me or my husband.
Succession planning involves accounting for the worst-case scenario. Without accounting for these risks, your plan could fail, require expensive litigation or jeopardize the family farm.
Some people choose, upon their passing, to give their inheritance to a specific charity or organization. The great news is you don’t need a famous surname to give like a philanthropist.
If you own any property at all, you probably know about estate planning. You can decide what happens to your assets after you die, of course.
With a charitable tax deduction, you can donate to a good cause and cut your tax bill at the same time.
Estate planning might sound like something that’s just for wealthy people with huge beach houses and billions in the bank. However, the truth is that estate planning is something we all need to think about.
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Gilbert, AZ 85296
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