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.
The short answer: To avoid fraud charges and to prevent the bankruptcy trustee from taking assets which may be exempt. Most people file bankruptcy because they can no longer pay their creditors. When you file a Chapter 7 bankruptcy you are asking for the federal government to stop all your creditors from collecting, and appoint…
Your child’s life may be seriously affected from both a practical and legal perspective if he or she is arrested and ultimately convicted of committing a crime as a juvenile in Arizona. Not only can a juvenile record can create a tremendous amount of stress within the family (as your child’s education and living arrangement…
2012 IS THE YEAR TO DECIDE WHETHER TO SHORT SELL, WALK AWAY OR STAY Since real estate values began dropping in 2006, many homeowners have been trying to hold on to their homes hoping that the market would turn around or that they may be able to modify their existing mortgages pursuant to one of…
During the holiday season families get together and enjoy the season and family togetherness. This is a time to hope and dream, and for many of us hope includes a better financial future, or a new business venture. When a member of the family is struggling financially, or has big dreams that are bigger than…
In Arizona, “driving under the influence” statutes define a person’s ability to operate a vehicle in multiple ways. Listed below are explanations and definitions of Arizona’s DUI classifications: MISDEMEANOR DUI’s 1. A “DUI” is operating a vehicle while impaired to the slightest degree. Impairment may be from alcohol, drugs, or some other method by which the…
At the Carroll Law Firm, we help clients plan their estate by preparing documents including Simple Wills, Durable General Powers of Attorney (AKA Business Powers of Attorney), Healthcare Power of Attorney, Living Wills, Beneficiary Deeds and even Trusts. Every time you move to a new state, you should prepare a new will. Each state has…
During this time of heightened concerns over COVID-19, The Carroll Law Firm, PLC is open and can provide telephonic appointments for many types of consultations.