• posted: Dec. 30, 2020
• Joseph M. Udall
• Estate Planning
• estate planning,  guardianships,  conservatorships,  ward

When a loved one becomes incapacitated or otherwise unable to take care of themselves, Arizona law provides for appointment of a guardian or conservator to assume responsibility for their protection. Read More

• posted: Nov. 30, 2020
• Joseph M. Udall
• Estate Planning
• buy-sell agreement,  death benefits,  liquidating shares,  mandatory buy-out,  shareholders

An essential part of starting a business is preparing for the day when one of the owners sells his or her shares due to retirement, disability or other circumstances. A Read More

• posted: Oct. 30, 2020
• Joseph M. Udall
• Estate Planning
• right of survivorship,  tenancy

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, Read More

• posted: Sep. 30, 2020
• Joseph M. Udall
• Estate Planning
• annuity,  charitable gift annuity,  charitable organization,  partial income tax deduction

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 Read More

• posted: Aug. 30, 2020
• Joseph M. Udall
• Estate Planning
• beneficiaries,  grantor,  special needs trust

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 Read More

• posted: Jul. 30, 2020
• Joseph M. Udall
• Estate Planning
• final-arrangements document,  living will,  organ donation

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 Read More

• posted: Jun. 30, 2020
• Joseph M. Udall
• Estate Planning
• assets,  creator,  estate planning,  funding,  probate,  revocable living trust,  settlor,  trustee

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 Read More

• posted: May 30, 2020
• Joseph M. Udall
• Estate Planning
• income-only trusts,  long-term care,  Medicaid eligibility,  Miller Trust,  spend-downs

  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 Read More

• posted: Apr. 30, 2020
• Joseph M. Udall
• Estate Planning
• children,  economic security,  trust fund

  There's a pejorative term for rich kids that you have probably heard on television: the trust fund baby, loosely described as a young person who enjoys a reliable steady income Read More

• posted: Mar. 30, 2020
• Joseph M. Udall
• Estate Planning
• gun trusts,  special needs trusts,  spendthrift trusts

  The beauty of a trust is that it allows the grantor to control assets while putting them outside the reach of taxes and creditors, both during life and after death.  There Read More