If you have a large estate and want to find a way to benefit it while doing something good, then charitable giving may be the perfect option. Charitable giving as part of your estate planning is a great way to satisfy the desire to give to a cause you care about and take advantage of tax perks. B...
Estate taxes are paid by a decedent's estate, which means heirs to the estate lose out on the benefits. There are ways to reduce or avoid estate taxes, but they do not always apply. Speaking to an experienced estate planning attorney in Arizona is the best way to create a plan that benefits you today...
Titling and deeds in Arizona are a central part of estate planning. Most people own a home and want to make sure it passes to their family and loved ones as efficiently as possible. It is critical to make sure you understand what they are, how they differ, and the roles they play with regard to ownership rights. Being informed is your best way to ...
Your pets are family members who deserve care and protection after you're gone. At Legacy Law Arizona, our trusts attorneys in Arizona understand the deep bond between you and your animal companions. We create legally binding pet trusts that ensure your pets receive the love, attention, and resou...
Losing a loved one is difficult enough without having to fight complex legal battles in Arizona over the estate. That's what can happen, though, when probate is contested or the administration of the estate somehow goes awry. Wills might be disputed. Families might disagree on the handling of a t...
What happens sometimes is a person procrastinates and does not prepare a last will and testament in Arizona until the last minute when they are aging and health-wise, more vulnerable. This person may or may not have the testamentary capacity to fulfill the requirements of a valid Will. On the one...
No one wants to think about their own death or dying, but it's a reality. An accident can happen any day. You could be diagnosed with a terminal illness. If you do not have a plan established on end-of-life care or medical treatment preferences for when you are incapacitated and cannot speak for ...
Your estate plan in Arizona can include several documents, many of which may require beneficiaries, like any trusts you may have set up or intend to set up and non-probate assets like 401(k), IRA accounts, life insurance policies, and pensions. Assets from these accounts will go to the beneficiar...
Most young adults don't consider estate planning a priority. Young adults in their twenties and thirties often think they don't own enough to constitute an estate. However, an estate is the total of all you own – money, investments, real estate, vehicles, business interests, digital assets (inclu...
The US Food and Drug Administration (FDA) recently approved a new drug under the trademark Aduhelm™ to treat Alzheimer's disease. The drug, Aducanumab, is a therapeutic drug that clinically demonstrates a potential to delay further decline from Alzheimer's disease and is also the first FDA approv...
The purpose of The Achieving a Better Life Experience (ABLE) Act is to provide individuals and families the ability to finance disability needs tax-free. The savings vehicle provided by the ABLE Act is similar to the 529 education savings plan. The ABLE Act allows families to save up to $100,000 ...
According to Florida Today, 46 million Americans own the well-known crypto asset, Bitcoin and the number of people owning cryptocurrency is growing steadily. Bitcoin was created in January 2009 by Satoshi Nakamoto as a peer-to-peer electronic cash system. This digital or virtual currency is held ...
Imagine that mother and dad have run the family farm for a long time. Now, though, they’re getting on in years and they’re considering moving into a smaller place. It’s now time to think about how the farm legacy should be worked out.
Whether engaging in online banking, using a mobile plane boarding pass, or creating work calendars shared in the cloud, the internet of things provides needed connectivity. Yet critical medical information, health care directives, and other essential legal documents tend to remain in older storage formats such as paper files or on-site at a hospital or doctor’s office.
By 2050 more than 15 percent, or 12.7 million Americans age 65 or more, will be diagnosed with dementia.
About 17 percent of the US population is a family caregiver, and most are losing sleep, worrying, losing income, struggling to balance caregiving tasks with their workload and other family responsibilities.
When a loved one dies with a will, their will lays out who will oversee settling the estate (the executer) and who shall receive their property.
Because of advancements in today’s medicine and health care, people with various kinds of special needs or disabilities can live more productive lives than ever before.
As a caregiver it is vital to be prepared for anything. Caregivers must balance the need for their care partner's health and balance it with that person's safety. As the US heads into seasonally extreme weather months, it is prudent to create or revisit existing plans for evacuating a patient or ...
Since the federal estate tax exemption allowance appears to be in jeopardy of being lowered, it may be time to reconsider how you plan to pass generational wealth to your heirs.
Whether you have a horse, dog, cat, parrot, or even more exotic pets such as a snake or lizard, it is possible to provide for them after you are gone or no longer are capable of tending to their needs by creating a pet trust.
You will need to ensure that your preferences on life-sustaining medical treatment is laid out properly through the use of a living will.
In the United States, elder care can be astronomically expensive. Long term care can run around $7,000.00 or more per month, depending on location.
Although owning property with family may let you pass on the asset without going through probate, there are several risks, including taxes, creditor exposure, and loss of control. So when dealing with property, it is important to consider these risks and how to manage them, or to consider other methods of estate management entirely.
The sad truth is Americans, aged 50 or more, are experiencing gray divorce more than ever. The term gray divorce generally refers to the baby boomer generation and affects all classes and education levels.