estate planning Archives

A legally incompetent person can't sign a power of attorney

A power of attorney may be used when a person is legally incompetent, but it can't be signed after that happens. It must be drafted and signed while the person is still competent. Otherwise, that person can't sign legal documents that will hold up in court.

What can you put in a pet trust?

You love your pets, and you've been thinking about what will happen to them if you pass away. You hope your family and friends would do the right thing, but you can never be sure. Maybe you've heard of families selling off pets or even having them put to sleep in this scenario, and you're looking for a concrete way to make sure your wishes are respected.

Have you registered your advance medical directive in Arizona?

Here in Arizona, residents enjoy the opportunity to file an advance medical directive with the Advance Directive Registry operated by the Arizona Secretary of State's Office. The registry is a free service, but it is important to properly prepare and file your directive if you wish to fully take advantage of this very useful tool.

Your final days are important to think about when estate planning

Many people don't think about what they want their final days on Earth to be like, but this is actually something that you need to consider when making an estate plan. These final days can have many facets. When you mull the options you want, don't forget about the level of medical intervention you want to accept.

Could a special needs trust help a child with an addiction?

Addiction is a growing national problem -- and if you're the parent of an addict, you may be afraid of what happens when you die. Not only could everything you've worked to provide your child with once you're gone be rapidly depleted in order to feed his or her habit, the ability to pay for more drugs could cost your child his or her life.

Estate planning: Review your beneficiary designations now

There's a typical estate planning mistake that catches many American families by surprise. It involves the beneficiary designations that are often attached to financial accounts. Your individual retirement accounts (IRAs), your 401(k)s and your insurance policies probably have beneficiary designations, a form that you fill out to state who will receive the assets contained in these accounts after you die.

  • MCBA | Maricopa County Bar Association
  • State Bar of Arizona
  • ABA | American bar Association | Defending Liberty Pursuing Justice
  • Oregon State bar
  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
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