No doubt about it; technology has revolutionized our lives and our society. It has even changed what is considered to be part of a person’s “estate” when they die. #DigitalEstatePlanning. “Back in the day” all you had to worry about was your present life, the afterlife and passing on your tangible assets (real property, [...]
It’s funny how we all want pretty much the same things: happiness, security, financial stability for ourselves and our loved ones, and control over our property and our lives. Estate planning can help you get all these things. How? Here are just a few of the ways estate planning does this. Planning to Get What [...]
Here is something you don’t run across every day. Should you refuse an inheritance? Maybe. Surprisingly enough, there may be times when you do want to disclaim (refuse) an inheritance. Here are 2 of them. If You Are In Debt. One situation in which you might want to refuse an inheritance is if [...]
In its most basic form, estate planning is organizing your assets and making sure that your property goes to the people you want it to go to after you die. But here at Esser, Bradley & Khalsa, PLLC, we take estate planning well beyond the basics. One of the things we always want our clients [...]
As the old saying goes, nothing is certain except death and taxes. Since we so often talk about death here on our trusts and estates blog, we thought that today we would spice things up a bit and talk about taxes—estate taxes as a matter of fact. The Joy of Giving Gifts While Reducing Estate [...]
One of the most important decisions you must make when making your estate plan is who will handle things for you when you die. The Importance of a Personal Representative or Trustee. In Arizona, a “Personal Representative” administers your estate and remains in charge until your estate is legally closed. Depending on the complexity of [...]
It can take a long time to get your life back in order after the stress and trauma of a divorce. One of the things you will need to think about when the dust settles a little bit, is what changes you need to make to your estate plan. Here are 3 steps you [...]
Many people wonder why they should consider having a “Living Trust” (sometimes called an “inter vivos trust” or “revocable trust”) if they have a will. Isn’t just having a Last Will and Testament (“will”) good enough? Well, not necessarily. It depends. That is not to say that you don’t need a will—you do. Even if [...]
Just when you think you have it all under control…life happens. When life’s big changes come along, it is time to think about re-visiting and updating your Legacy Estate Plan. Here are just a few key times in your life when it is important to review and update your estate planning documents (will, trust, powers [...]
February 14 was Valentine’s Day! Just think of it: romance, roses, candlelight dinners… and, of course, chocolate! What in the world could be better than that? Only one thing that we can think of… a Revocable Living trust. What is a Revocable Living Trust? More commonly called a “Living Trust” (or, sometimes, “inter vivos [...]
