• posted: Nov. 30, 2022
• Joseph M. Udall
• Estate Planning
• executor,  administrator

No one relishes bringing up estate planning in family conversations, and perhaps least so when one’s parents are the target audience. You are talking about their money, their assets and Read More

• posted: Oct. 30, 2022
• Joseph M. Udall
• Estate Planning
• beneficiaries,  transfer upon death,  non-probate assets

Probate is a legal process through which ownership of a decedent’s property passes to his or her heirs or named beneficiaries. This involves validating a will, if the person has Read More

• posted: Sep. 30, 2022
• Joseph M. Udall
• Estate Planning
• probate,  trust administration

When a person passes away, their property — known as the estate — can pass to heirs and other beneficiaries in various ways. The estate usually must go through a Read More

• posted: Aug. 30, 2022
• Joseph M. Udall
• Estate Planning
• senior citizens,  conservator

When a person is no longer able to manage his or her assets because of a disability or other infirmity, a family member or friend may have to step into Read More

• 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