BENEFICIARY DEED –MOTOR VEHICLE DEPARTMENT BENEFICIARY DESIGNATION In the state of Arizona a person can pass on their home or vehicle to a beneficiary without having to open a Probate Estate. This is done by either a Beneficiary Deed or Motor Vehicle Division Beneficiary Designation respectively. A Beneficiary Deed is an effective estate planning tool
Month: January 2017
What is Probate?
Probate is the legal process in which a Court administers a person’s legal and financial matters after their death. There are two types of probate estates – testate and intestate. A testate estate is when a person dies with a will. The will is submitted to Court for a determination of whether the will is
Do I Need a Trust?
It is a common misconception that only the very wealthy need a Trust. A Trust is just one of many estate planning tools to consider when preparing an estate plan. Simply put, a Trust is an agreement in which the Settlor, the person creating the Trust, transfers their property to a third party, a trustee,
