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What Is Community Property and Separate Property?

Question: What is community property? I am married and live in Arizona. Does this affect me? Answer: Married individuals living in community property states own property their property as either community property or separate property. Community property is all property acquired during marriage, except property acquired by gift or inheritance, [...]

New Arizona Corporation Commission Nonprofit Forms – The Good and the Bad

Recently, the Arizona Corporation Commission (ACC) released all new forms for entity filings. This includes new forms for nonprofit corporations. Depending on your goals, this could either help you or hurt you. Nonprofit corporations that wish to be tax exempt must include specific language in their Articles of Incorporation. Specifically, [...]

Arizona’s Homestead Exemption

What is a Homestead? Generally, a homestead is a dwelling including the land and buildings on the land that is occupied by the owner. What is a Homestead Exemption? A homestead exemption is a law that states that a person's homestead is exempted from seizure or sale for a debt [...]

Treating Children Fairly Doesn’t Always Mean Equally

Most parents want to treat their children fairly in their estate planning, and many assume this means that their children should have an equal inheritance. But fair does not necessarily mean equal. In some families, there may be special circumstances to consider. For example, parents may want to provide more [...]

Do It Yourself Estate Planning

Question: Is DIY estate planning a good idea? If you think performing your own surgery or doing your own dental work is a good idea, then maybe it is. Most educated consumers realize it's not. With the number of online and do it yourself (DIY) document preparers continuing to grow, [...]

Estate Planning for Two

Planning ahead for your family when you don't have children is a little bit different than when there are children involved. When you don't have to worry about paying college tuition and other financial obligations parents often have to think about, you can consider different techniques that may not have [...]

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