posted on January 28, 2014

Estate Planning Mistaken Belief #2

IF I HAVE A WILL, MY FAMILY WILL AVOID PROBATE I am unsure how this mistaken belief ever came about since a Will is almost synonymous with probate. By way of background, using a Will as your primary estate planning document, your estate may be probated. Without a Will, your estate… Read More

Filed Under: Arizona, court, Court Hearings, Courtroom, Estate Planning, Family, heirs, Kevin McFadden, Knollmiller & Arenofsky LLP, Last Will & Testament, Living Trust, Living Trusts, Probate, revocable trusts, trust, Trust law, Trusts, Wills Tagged With:
posted on January 22, 2014

Estate Planning Misunderstandings #1

Estate Planning Misunderstanding #1 Estate planning is only for the old. (This is the first in a series of estate planning misunderstandings.) The fact is, if you are an adult, you already have an estate plan. We all do. It was drafted on our behalf by the legislatures of the state… Read More

Filed Under: Arizona, court, Court Hearings, death, Estate Planning, Family, heirs, Intestate, Intestate Succession, Kevin McFadden, Knollmiller & Arenofsky LLP, Last Will & Testament, Living Trust, Living Trusts, Powers of Attorney, Probate, revocable trusts, Trusts, Wills Tagged With:
posted on January 10, 2014

Estate Planning Can Be Intimidating

We avoid what we don’t know. For many financial, insurance and accounting professionals, they feel they ought to know estate planning better than they think they do. They also feel they should be assisting their clients in getting their estate’s in order but due to the professional’s discomfort with estate… Read More

Filed Under: Arizona, attorney, CFP, CPA, Estate Planning, Financial Adviser, Financial Planners, financial professional, Financial professionals, James G. Knollmiller, Kevin McFadden, Knollmiller & Arenofsky LLP, Living Trusts, revocable trusts, Trust law, Trusts, Wills Tagged With:
posted on January 2, 2014

Question: Does Having a Will Mean You Avoid Probate?

Question: Does Having a Will Mean You Avoid Probate? Answer: No, almost by definition, a Last Will & Testament implies that a probate will be needed to administer the estate. The best way to avoid probate is using a revocable trust. Another way to avoid probate, but sometimes causing more… Read More

Filed Under: Arizona, attorney, court, Court Hearings, Courtroom, Estate Planning, Family, heirs, inheritance, Kevin McFadden, Knollmiller & Arenofsky LLP, Last Will & Testament, Living Trusts, Probate, revocable trusts, Trust law, Wills Tagged With: