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How is Arizona Community Property Transferred at Death?

Arizona is a community property state. With certain exceptions, all property owned by either spouse during the marriage is deemed the joint property of both. But when one spouse dies, does anyone but the other spouse have a right of inheritance? And if so, how is it determined? The answers depend on whether the community […]

Making a Charitable Gift Annuity a Part of Your Arizona Estate Plan

A charitable gift annuity is a fund-raising device — popular with colleges and other nonprofits — that allows donors to receive as well as give. If used wisely, this vehicle can shelter large amounts of income from taxes while still serving as an income source for years to come. An annuity is usually a contract […]

Special Needs Trusts Provide Extra Help for Loved Ones with Disabilities

If you have a relative with special needs such as a disabling injury or mental and physical limitations, you may wish to help them with their expenses by giving them financial support. However, Medicaid and other government benefits for those with special needs are available only to people with income below certain levels. Any assets […]

Using Your Living Will for Organ Donation Preferences

Most people know that you can use a living will to specify what life-sustaining measures you wish to be taken or withheld if you become brain-dead or permanently incapacitated. But did you know you can also use a living will to convey your preferences regarding organ donations? A living will is an optimal way to […]

How a Revocable Living Trust Can Avoid Probate in Arizona

When planning your estate, you should keep in mind that the decisions you make now may place responsibilities on your loved ones when you die. Your estate will be subject to probate, a process that can take several months or longer depending on the size of the estate, and it involves court fees, attorneys’ fees […]

Income-Only Trusts Can Help Obtain Medicaid for Long-Term Care

Perhaps the greatest myth of retirement planning is that you only need to worry about having enough income to take care of basic living expenses. Many a person has retired with a comfortable retirement “salary,” sourced from a 401k, Social Security, an IRA, and perhaps a pension, only to find themselves in financial ruin when […]

How Will Coronavirus Affect Contractual Relationships and Obligations?  

The coronavirus pandemic has disrupted practically every aspect of American life. Whether closed by government order or by concerns about public safety, millions of businesses around the country have seen their operations come to a halt. Despite the overwhelming effect of COVID-19, it is not a certainty that an “Act of God” clause in a […]

Understanding How COVID-19 May Have Affected the Value of Your Estate

The economic and personal upheaval triggered by the COVID-19 outbreak is likely to warrant a review of your estate plan, no matter how thorough you think it is. As Americans cope with health fears and financial volatility, it’s worthwhile to determine whether a will, trust, advance medical directive or other legal instrument needs to be […]

Key Aspects of the CARES Act Provisions Authorizing Small Business Loans

Small business owners are necessarily prepared for various types of challenges, but what do you do when the government orders you to close for an indefinite amount of time? Unfortunately, the COVID-19 pandemic has put millions in this very difficult position. Even worse, it is still unclear in many places when authorities will allow businesses […]

What Advance Medical Directives Should I Have in Place If I’m Concerned About COVID-19?

Though it’s always been true, the COVID-19 pandemic has driven home the point that a debilitating medical condition can strike without warning. Whether you’re fighting the coronavirus or are incapacitated for some other reason, your wishes regarding medical treatment should be honored by family members and healthcare providers. An experienced attorney can help you put […]