Its legal distinction in Arizona, guardianship versus conservatorship, is that guardianship allows you to make personal and health decisions for another adult or child, while conservatorship allows you to manage their financial decisions. If you’re looking out for a loved one who isn’t able to make decisions, Arizona laws divide these responsibilities between them, [...]
Guardianship and conservatorship in Arizona enable an individual to make legally binding decisions on behalf of another adult who is unable to do so themselves. If you’re confronted with a loved one who cannot care for daily needs or manage money, Arizona courts will intervene to appoint a guardian or conservator. Guardians oversee healthcare and [...]
Key Takeaways Proper trust administration is key to making sure your beneficiaries receive what they were meant to inherit and avoiding costly court battles. Avoiding and addressing common, potentially harmful missteps is crucial to safeguarding the trust and providing for the needs of its beneficiaries. Don’t make these common mistakes like skipping the basics, [...]
Key Takeaways Trust management is essential for safeguarding family assets, ensuring proper distribution to beneficiaries, and maintaining compliance with legal and tax obligations. It ensures that the prosperity and peace of mind that come with family wealth are preserved for future generations. A trust separates the legal ownership of assets from their beneficial use, [...]