The Arizona Legislature recently made it a little easier for residents to transfer ownership of their vehicles upon their death, regardless of the value of the vehicle. Many people in the process of planning their Estate succession want to avoid “Probate” if at all possible. Unfortunately, many individuals have been given the wrong impression that…
In this day and age, our bodies are at times outliving our minds. All too often we hear of clients who have loved ones suffering from dementia, Alzheimer’s disease, and a host of other mental illnesses that occur late in life. When loved ones suffer from these problems, it is hard for family members to…
Some people hear the term, “estate planning,” and believe it does not apply to them because they only have modest assets, if any. In the legal sense, however, an estate planning consultation will include planning for not only the distribution of assets, but also the healthcare, mental healthcare, and the future well being of the…
Many people feel they need a trust for their assets in today’s world, when, in reality, a simple will may be sufficient and much more cost-effective. This guide provides the most common reasons a person should consider a trust and pour-over will instead of a simple will. 1 You Have Substantial Assets There is currently…
Wills offer a number of benefits for protecting one’s interests after his or her passing. In addition to appointing a personal representative, assigning custody/guardianship for minor children, setting up testamentary trusts, and more, one of the most important benefits is deciding the distribution of assets upon one’s death. Whether you’re in a life-long relationship or…
At the Carroll Law Firm, we help clients plan their estate by preparing documents including Simple Wills, Durable General Powers of Attorney (AKA Business Powers of Attorney), Healthcare Power of Attorney, Living Wills, Beneficiary Deeds and even Trusts. Every time you move to a new state, you should prepare a new will. Each state has…
Some people have a “zero balance” on their credit cards. Many people, on the other hand, carry at least some debt on their credit cards and pay the monthly charges which may exist at the end of each monthly cycle. Whether you are a person in the former category or a person in the latter…
A Beneficiary Deed is an easy, convenient way to avoid probate of what is normally your largest single asset, your home. What the Beneficiary Deed does is to automatically transfer the real estate to your beneficiary upon your death, without having to go through probate to transfer the property. Transferring the real estate in this…
In today’s world, what age is considered “elderly’? A person’s real age continues to climb as people live longer, life styles have more options, and new opportunities for both work and recreation come along. The stereotype of the elderly with white hair, staying at home, becoming easily confused, and having trouble getting around may not…
We live in a time when advances in medical care have greatly enhanced the life expectancy of the average American. As more and more of us live into our eighties and beyond, the likelihood that we will need the assistance of someone to help us with our healthcare and financial decisions increases dramatically. Too often…
During this time of heightened concerns over COVID-19, The Carroll Law Firm, PLC is open and can provide telephonic appointments for many types of consultations.