Serving Queen Creek, Gilbert, Mesa, San Tan and the entire East Valley
One of the most common questions people ask about estate planning is whether they should be using a revocable trust instead of a last will and testament.
The probate process can be expensive for some estates. Settling an estate through probate can cost you both time and money.
If you die without a will, you die ‘intestate’ and your assets will be distributed according to your state’s law. That could result in a distribution you didn’t intend.
A trust can be a vital component in an estate plan.
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
Transferring a home to adult children is not quite as easy as giving them the keys and letting them move in. No matter how you do it, the taxman wants his cut, whether through estate and gift taxes or those for property and income, both federal and state.
Ultra-wealthy Americans can soon protect more assets from federal estate taxes, the IRS announced this week.
Here is a list, in no particular order, of what needs to be done after someone passes to help you during this difficult time.
Advance directives typically consist of a living will and a power of attorney for healthcare.
Just 34% of adult Americans have an estate plan and 37% of respondents said they didn’t have a plan at the ready.
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