A no contest clause is a provision in a will or trust designed to discourage challenges to the document after the creator’s death. If someone contests the validity of the will or trust and loses, they risk forfeiting any inheritance they might have received. To ensure your clause is valid and achieves your goals, it’s crucial to work with an experienced estate planning attorney.
As the end of the year approaches, business owners across the United States face an important deadline: the submission of Beneficial Ownership Information Reports (BOIRs) to the Financial Crimes Enforcement Network (FinCEN). If your business hasn’t filed its report...
Thanksgiving is a time to gather with family, reflect on blessings, and celebrate traditions. While sharing meals and stories with loved ones, it’s also a perfect opportunity to consider the future—especially when it comes to protecting your family through estate planning.
If you’re a business owner in Arizona with one or more partners, you’ve likely poured time, effort, and resources into building a successful venture. But what would happen if you or one of your partners decided to leave, became incapacitated, or even passed away? These unexpected events can put immense strain on a business, which is why it’s important to plan ahead. One effective tool for managing these potential changes is a buy-sell agreement.
Trying to start an LLC in Arizona? From filing with the Arizona Corporation Commission and securing an EIN to creating an Operating Agreement and filing a Beneficial Ownership Report with FinCEN, we’ve got you covered. Learn the steps to form your LLC, protect your personal assets, and build a solid foundation for your business.
In Arizona, it’s important to understand that there is a legal timeframe for initiating a probate case. When probate isn’t filed within this period—typically two years from the date of death—it’s referred to as a “tardy probate.”
At Windrose Law Center, we specialize in helping clients design estate plans that align with their unique goals. When planning your estate, understanding the difference between a will and a trust can make a world of difference. Both tools allow you to distribute your assets after your passing, but a trust provides a level of flexibility and creativity that a will simply cannot match.
Learn the difference between a living will and living trust and why they are both such important parts of your Arizona estate plan.
In estate planning and probate law, a “disclaimer” can be a powerful tool for beneficiaries and heirs. When someone disclaims an inheritance, they are legally refusing all or part of their share of an estate. Understanding disclaimers and their role in Arizona’s probate process can be valuable for both estate planners and beneficiaries.
Last Will and Testament, Pour-Over Will, and Living Will, each serve a unique function. Understanding the differences between these is crucial for effective planning and ensuring your wishes are carried out. Let’s break down each document’s unique purpose.