What is the Difference Between a Will and Estate Planning

What is the Difference Between a Will and Estate Planning

Both Wills and estate planning have the same goal: to ensure that loved ones receive the financial support they need to continue after the decedent has passed away. This support could come in the form of the family home, a car, jewelry, or even financial accounts.

Do I Need a Will in Arizona if I Have No Assets?

Do I Need a Will in Arizona if I Have No Assets?

It’s a common question whether a Will is necessary for the state of Arizona if you have no assets. This thinking is why many opt to forgo a Will without realizing that they do, indeed, have assets to protect.

Would You Benefit from Asset Protection Planning?

Would You Benefit from Asset Protection Planning?

Estate planning is a way to transfer your assets to your heirs on your death. There are many ways to make sure that your wishes are carried out after you die, usually in the form of a will or trust. In many estate plans, you may also include documents that let another take care of your assets in case you become incapacitated in some way.

Are Household Items Considered a Part of Probate?

Are Household Items Considered a Part of Probate?

When someone dies and leaves behind owned items without provision for distribution in a Will or by title of the property with a joint owner or beneficiary listed, they must undergo the probate process. The probate court will remove the decedent’s name as owner of these estate assets and transfer to those who have a rightful claim or to designated beneficiaries.