Do You Really Trust Your Successor Trustee?In your estate planning who you pick as the successor trustee of your family trust is an important decision that shouldn’t be taken lightly.A trustee is the manager of the instructions, contained in a family trust. During your lifetime, the grantor (person creating the trust) usually will be the … [Read more...] about Do You Really Trust Your Successor Trustee? | AZ Estate Planning Attorney
As an estate planning attorney in Mesa, Arizona I am frequently asked the question by parents: Should I name a minor child as a beneficiary or contingent beneficiary of a life insurance policy? This question has very important legal and financial ramifications that may affect your child positively or negatively for years to come and thus, should be … [Read more...] about Should I Name My Minor Child as a Beneficiary #EstatePlanningAttorney
If you have taken the time to create a trust based estate plan and have not taken the next step to ensure all of your assets have been transferred (“funded”) properly, then your trust may not accomplish all that you have intended.Please use the following guidelines below to be certain you have funded your trust correctly to protect your legacy … [Read more...] about Your Living Trust is Not Complete if it is Not Funded Properly
A very common scenario plays out time and time again: A parent or loved one, years ago, planning ahead (which in and of its self, is something almost 70% of American’s do not do), created a Revocable Living Trust. The Trust book was then placed on the shelf and has collected dust during the past 10+ years, having never been updated nor properly … [Read more...] about My Loved One Died and Nominated Me as Trustee – What do I do Now? #EstatePlanningAttorney
The American Taxpayer Relief Act of 2012 (ATRA-2012) was enacted on January 2, 2013, effectively saving us from falling off the Estate & Gift Tax “Fiscal Cliff” that threatened us at the end of 2012.ATRA-2012 was a welcome relief for many families who worried that the estate and gift tax exemption would fall back to a $1.0 million exemption … [Read more...] about AB Trust Planning vs. Portability Under ATRA-2012 – To “B” or Not to “B”: #EstatePlanningAttorney
Arizona Estate Planning & Probate Attorney, Kenneth Barney wants you to take notice: Pursuant to Rule 27.1(A) of the Arizona Rules of Probate Procedure, effective September 1, 2012, all non-licensed persons requesting to serve in any court appointed fiduciary capacity must receive training from the Arizona Supreme Court prior to appointment.A … [Read more...] about New Court Mandated Training for All Persons Serving as a Personal Representative, Guardian or Conservator #EstatePlanningAttorney
During the past few months, approximately 47 statutes have changed or have been added to Arizona’s Probate Code, dealing with probate estates, guardianships, and conservatorships, taking effect on January 1, 2012. Additionally, the Arizona Legislature added approximately 25 changes to various Rules of Probate Procedure, some of which took effect on … [Read more...] about Probate and Estate Planning Attorney | Changes in Arizona’s Estate and Probate Law Statutes and Rules
You may occasionally wonder about using online “Will kits” or software to produce estate planning documents. These kits are popular because they’re cheap. However, as an experienced wills lawyer I must caution you about the risk of subjecting your survivors to unnecessary legal fees to fix what often turns out to be incomplete or ineffective … [Read more...] about Wills Lawyer Mesa AZ | Will Kits – But Why Can’t I Just Use the Internet?