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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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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While everyone, including myself, has caught Royal Baby Fever-itis just in time for the second Royal Baby, estate planner all over the United States are buzzing about the latest news regarding the reveal of Princess Diana’s will. 18 years after the young Princess’s untimely death, for the first time, her will has been revealed. Of…
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Changing your estate plan can be intimidating. Many do not know know when the appropriate time to do so is, but we have put together this blog to help you better understand. Getting a estate plan in place is a great way to protect yourself, your family and your legacy. When you completed your plan,…
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Procrastinating estate planning is an issue that many have dealt with. Here’s why: Numerous studies show that unfortunately, the majority of people haven’t completed their estate plans. While most people will admit that they know they need to create an estate plan, but they put it off. But why is it that people tend to…
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Heirs are growing more patient, but it might not be why you would think. It is because their inherited doles out more slowly. (Reuters) – When Juliann Reynolds’ husband died of cancer in 1992, she had to decide how to plan her own estate. The now-retired speech therapist from Rancho Cucamonga, California, knew she had…
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Ann Aldrich used an “E-Z Legal Form” when she made out her will in 2004, a decision that proved to be a good choice for two nieces who cited the document’s lack of a residuary clause. In a decision issued last week, the Florida Supreme Court ruled for the nieces, though they weren’t mentioned in…
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Now that the holidays have wound down and life is returning to normal, it’s time to get down to the business of those New Year’s resolutions. Most years it’s the same: have a better diet, exercise more, save more money and finally do your estate and financial planning. Getting your estate and financial plan in…
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If you already have an estate plan, congratulations! You have taken a big step to protecting yourself and your family. However, many people make the unfortunate mistake of putting their estate plan in a drawer and forgetting about it. It is important to remember that an estate plan involves the most important things in your…
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George Washington’s Last Will and Testament, 9 July 1799 [Mount Vernon, 9 July 1799] In the name of God amen I George Washington of Mount Vernon—a citizen of the United States, and lately President of the same, do make, ordain and declare this Instrument; which is written with my own hand and every page thereof…
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