TFA Part 2, Prosperity Asset Preservation

Asset erosion comes from neglect.   Why do so many lottery winners become broke after obtaining their newfound fortune?  Because the forces that erode prosperity are not removed from that person’s daily life.  The abundance of the new resources actually...

The Forgotten Asset Pt. 1

I may be quite alone in the following sentiment, but the meaning of a word is an interesting thing.  What is an asset? In the practice of prosperity law, our discussions are often about assets: how many, the values, what types, and what to do with them.  There is one...

Special Needs Planning

Part of my practice deals with preparing estate planning documents for families who have individuals with special needs.  One of the things I like to do when my schedule opens up is search for continuing education videos on various subjects by other lawyers.  During...

Focus On People

My telephone rings.  It is Francine Frustrated on the line.   We have never met, but Francine tells me that her parent recently died and there are problems in the administration of the parent’s estate.  Is the problem with the law? No (very rare).  Is there a problem...

More abt Will

Do I Need a Last Will and Testament? By creating a will, a person is essentially making property and administration decisions for their estate.  Without a Will, State law (called the laws of intestacy) will determine the distribution of the deceased’s assets. Outcomes...

Make a Will

How to Create a Last Will and Testament Although it is usually inefficient as an estate plan, property and money, can be secured and distributed according to your wishes by executing a Last Will and Testament through the Court’s probate process. Below are 5...

Why Estate Planning?

Many think that estate planning is only a financial exercise about deciding who gets what, but that is an incorrect and dangerous point of view.  Day to day life is not simple or easy to manage. Life is complex and requires diligent attention to core tasks and...

Estate Attorney-The Living Will Pt. 2

Estate Attorney Matthew K Palfreyman continues the Q & A. How do I make a Living Will? In Arizona, A Living Will must be made in writing and witnessed by at least two adults.  Living wills differ by those who prepare them. There are many forms and templates...

Trust Attorney Explains Living Will Pt. 1

Please note that discussing the following issues with a Trust Attorney is advised because the decisions made in a Living Will are often complicated. Most of us don’t like to like to think about the possibility that we would not be able to speak or communicate our...

Estate Planning Terms Pt. 2

The are many terms in estate planning used in probate, wills, and living trusts which are uncommon.  Living Trusts are sometimes very complex documents containing many new and unique terms and phrases. It is easy to confuse terms and concepts in the area of trust and...