Many people feel they need a trust for their assets in today’s world, when, in reality, a simple will may be sufficient and much more cost-effective. This guide provides the most common reasons a person should consider a trust and pour-over will instead of a simple will. 1 You Have Substantial Assets There is currently…
Many people choose to establish a trust in order to avoid the cost and delay associated with probating an estate. However, probate is required in Arizona if a person dies owning $50,000 of personal property or $75,000 of real property. Assets that have been placed in a trust are not included in the valuation, but…
You’ve been injured in an accident. You’ve met with an attorney, who has decided to represent you. Now what? The process of recovery for a personal injury is necessarily drawn out in many cases. There is a great deal of fact-finding and information gathering required before a settlement can be discussed. Generally, an attorney will…
Answer: Yes. If your business has been served with a lawsuit you need to hire an attorney for your business to respond in court. When a person is sued, or served with a lawsuit, they have the option to appear on their own behalf in court to answer the charges. A business, however, is a…
Accidents and injuries are unfortunate events that most of us have to deal with at some point in our lives. Over the years, our attorneys have helped hundreds of clients obtain fair compensation for their losses. The injury attorneys guide clients on how to get the deserving compensation advocate for them. We have represented individuals…
Toward the end of bankruptcy are two separate events: one is receiving a discharge, and the second is the closing of the case. In almost every case the discharge is granted and an order is sent by the courts about 110 days after the filing of the bankruptcy. Once the discharge is entered the automatic…
Estimates are that more than half of the homes in Arizona are underwater, meaning the amount owed on the mortgage balance exceeds the current value of the property. A homeowner that wants to sell an underwater home is faced with the unpleasant task of bringing money to the table in order to pay off their…
Each of the 49 states in the U.S. possess their own specific statutes that address the matter of visitation rights for grandparents. In Arizona, reasonable visitation rights may be granted to grandparents if two circumstances are met. The first thing that must be proved to the court to establish visitation rights for grandparents is that…
Wills offer a number of benefits for protecting one’s interests after his or her passing. In addition to appointing a personal representative, assigning custody/guardianship for minor children, setting up testamentary trusts, and more, one of the most important benefits is deciding the distribution of assets upon one’s death. Whether you’re in a life-long relationship or…
Arizona law defines a premarital agreement (or what is commonly referred to as a “pre-nup”) as an agreement between two prospective spouses made in contemplation of marriage. Once the marriage of the parties becomes official, the premarital agreement goes into effect.
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