Tag Archives: living trust
How Community Property Laws Impact Will and Trust Planning
Arizona is a community property state, and as a result, married couples face unique rules when it comes to the ownership and inheritance of property. State residents are often uncertain about what this property legal status actually means and how it affects their estate planning. Understanding these rules is important to ensuring your wishes are […]
Should You Have Both a Living Trust and a Will?
Two of the most common estate planning devices are the last will and testament and the living trust. Both documents are meant to ensure that the decedent’s wealth is distributed in accordance with his or her wishes. However, there are differences between the two, and they can in fact work together. The most notable characteristics […]
Four Ways to Keep Probate to a Minimum
Making a will is the traditional way of controlling what happens to your property when you die. A will must usually go through probate, a court proceeding that can be lengthy, complicated and expensive. However, not all of your assets need to be part of that process. Depending on how you manage your property, it […]
