What is Probate? Probate is the process of validating and executing a will. If a will does not exist, an estate will go through probate and be distributed as dictated by state law. The actual probate process as well as distribution guidelines vary by state but here are the basic steps of probate. If a […]
A will is a highly important legal document to any person during his or her lifetime. Arizona law says that if a person dies without a will, or intestate, his property will be distributed in accordance with the law on intestacy. In Arizona, the property will be distributed to the closest relative, from the spouse […]
A living trust keeps probate out of the way. Choosing a Successor Trustee beforehand by creating a trust is a lot easier and less expensive than having to go through the whole probate process. Trust administration is a lot easier and less costly, which smooth things out for the ones you leave behind in the […]
Living trusts are a useful alternative to wills. It is important to work with an experienced estate planning professional who can help assess your needs and answer all of your estate planning questions such as, “What is the difference between wills and trusts?” and “Which option is right for me?”. Most people look at the […]