Protect Your Family With an Estate Plan Overview In the event of incapacitation or death (God forbid), it is important that you have named who will control your health and finances and who will raise your children (if you’re a parent). If you don’t have an estate plan, your assets may be distributed through the…
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Question: Do you need to update your will when you move to a new state? Answer: Yes, you should update your will when you move. Wills are governed by state law and should be updated to reflect the law in the new state of residence. Wills are a very state specific document. In Arizona,…
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What is a Trust and do you need one? You’ve probably heard about trusts on popular TV and radio shows. Here are answers to some frequently asked questions about trusts: Trusts – Defined A Trust, or Revocable Living Trust, is an estate planning document that states who you want to inherit your property and how.…
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Beneficiaries for bank accounts can seem complicated when looked at from afar, but we’ve narrowed it done for you in this easy-to-follow blog. Check it out below! Pay on Death and Transfer on Death Designations Setting up a Transfer on Death (“TOD”) or Pay on Death (“POD”) designation on your bank account is a simple…
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Question: Do I need a living trust? Answer: It depends on your family situation, assets and estate planning goals. First, what is a living trust? A living trust, also called a revocable living trust, is an estate planning vehicle that allows you to transfer your property to other persons after passing. You can also specify…
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Thank you for visiting neallawaz.com to learn some basics about wills and probate. First, let’s define both wills and probate: A will is a document which states who should inherit a person’s property after passing, who should administer their estate during a probate matter (the “personal representative”), and who should serve as the guardian for…
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Question: What is a Living Will? Answer: a Living Will is a healthcare document that specifies your wishes in an end-of-life situation. Not to be confused with a Last Will and Testament which disposes of a person’s property after passing, a Living Will tells a person’s loved ones and medical professionals their wishes regarding medical…
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I am 25, single, no kids, just finished law school—meaning I have little to zero assets of my own, and recently began working for Neal Law Firm. With all of this in mind, it would seem pointless to have an estate plan, right? Wrong. The absolute best scenario—and one that I pray for—is that I…
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Unlike some other celebrities, Robin Williams created a detailed estate plan so that his children and second wife, Susan Schneider Williams would avoid any bitter family disputes that tend to plague blended families. Sadly, the widow and adult children of Robin Williams will be battling in a San Francisco court over his estate. Susan Schneider…
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Dean Smith–University of North Carolina Basketball Coach for 34 Years—-Leaves $200 To Every Player He Coached The Trustee of the Dean E. Smith Revocable Trust sent out a letter to each per Dean Smith’s instructions left in his will. In the letter, the trustee spelled out Coach Dean Smith’s wishes per the will and the…
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When planning for loved ones, don’t forget to include your furry friends. As our love for our pets reaches new heights, estate planning for pets has become popular. If an owner wants to ensure his or her best buddy is well cared for after he or she passes, it is essential to do some estate…
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Question: How is an Arizona Beneficiary Deed different from any other Arizona deed? Answer: When most people think of a deed, they think of the typical Warranty Deeds, Special Warranty Deeds or Quit Claim Deeds. As soon as a person signs and records one of these types of deeds (the “grantor”), the legal title of…
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