• posted: Jul. 30, 2022
• Joseph M. Udall
• Estate Planning
• trust,  spendthrift trust

A trust is created when a person who owns property (the principal) signs a document that designates a person or entity (a trustee) to manage property (the assets of the Read More

• posted: Jun. 30, 2022
• Joseph M. Udall
• Estate Planning
• advance directive,  living will,  healthcare decisions

Everyone should have a viable estate plan in place. One component of a comprehensive plan deals with your financial interests through the execution of documents like wills, financial powers of Read More

• posted: May 30, 2022
• Joseph M. Udall
• Estate Planning
• living trust,  revocable trust,  avoid probate,  irrevocable living trust,  pour-over will

A living trust is an estate planning tool that can be used to leave money and other property to a person’s heirs or other beneficiaries without a will. The person Read More

• posted: Apr. 30, 2022
• Joseph M. Udall
• Estate Planning
• Arizona probate,  personal representative,  inventory and valuation,  payment of creditors,  estate income tax return

Probate is the court supervised process of winding up a deceased person’s financial affairs. This includes paying the decedent’s debts and distributing the remaining assets to his or her chosen Read More

• posted: Mar. 30, 2022
• Joseph M. Udall
• Estate Planning
• power of attorney,  mental incapacity,  estate planning services,  attorney in fact

A power of attorney is a legal document that authorizes one person to make financial, legal or medical decisions in behalf of another. The creator (called the “principal”) may choose Read More

• posted: Nov. 29, 2021
• Joseph M. Udall
• Divorce
• community property,  right of survivorship,  death of spouse

Arizona is a community property state, which means, in general, that property acquired by either spouse during a marriage is presumed to belong to both spouses equally. The community property Read More

• posted: Nov. 29, 2021
• Joseph M. Udall
• Estate Planning
• probate,  estate representative

Probate is a court-supervised process to finalize the affairs of a person who passed away. The decedent’s affairs, including assets and debts, become part of his or her estate. In Read More

• posted: Nov. 29, 2021
• Joseph M. Udall
• Estate Planning
• trustee,  beneficiary,  trust administration

A trust is a legal duty that results when a person transfers legal ownership of property to another person or institution (the trustee) for a designated purpose. The trustee is Read More

• posted: Sep. 17, 2021
• Joseph M. Udall
• Estate Planning
• estate planning,  durable power of attorney,  incapacity

At any time, a serious illness, car crash or other accident could leave you incapacitated for months or even years. This is why completing a durable power of attorney is Read More

• posted: Sep. 17, 2021
• Joseph M. Udall
• COVID-19,  Business Formation
• business formation,  risk management

Regardless of how promising your business startup seems, it’s critical to establish a solid legal foundation as part of your launch process. Not doing so can expose you and your Read More