Key Takeaways Arizona law automatically revokes certain estate planning documents, like wills and beneficiary designations, after a divorce. Prompt review and updates are necessary to be legally compliant. Make sure you update beneficiary information on life insurance policies and retirement accounts to reflect your current wishes and protect against unintended distributions. Whether you want [...]
To update your estate plan after having children in Arizona, review your will, update beneficiary forms, and name a guardian for your child. New parents typically need to add their child as a beneficiary, update life insurance information, and verify that trusts align with their desires. Arizona law allows you to appoint a guardian [...]
If you’re in your 30s in Arizona, you should be equipped with a will, a durable power of attorney, a healthcare power of attorney, and a living will. A will lets you designate who inherits your stuff and who takes care of your children. A durable power of attorney lets someone you trust take [...]
How your estate plan should evolve at each significant life stage in Arizona is based on important changes in family, assets, or state legislation. A starting point, a simple will or power of attorney might suffice for a single adult. Marriage, parenthood, or buying a home necessitate updates to designate guardians, add beneficiaries, or [...]
In Arizona special needs plans, a letter of intent is a written document that communicates a parent’s or guardian’s intentions and important information regarding the care of an individual with disabilities. It has no legal weight, but it helps direct future caregivers or legal teams by communicating daily needs, medical requirements, preferences, and long-term [...]