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Arizona Business Law And Estate Planning Blog

Why blended families must have an estate plan

Why blended families must have an estate plan

Without an estate plan in place, when a person dies when they have children from a prior relationship, their current spouse will not receive all of the deceased spouse’s assets and will have to share them with their stepchildren, regardless of their stepchildren’s ages. 

Why Creating a Trust Can be Beneficial

There are many reasons why setting up a trust for you and your family is a smart decision including avoiding probate, privacy and maintaining control over distributions. In addition, trusts provide protection in the event that you become incapacitated. Trusts also help when a beneficiary has special needs. Trusts can be catered to your needs and a decision to help protect you and your family’s future.

How to Choose a Business Structure

One of the most important choices you will make, after deciding to start a business, is deciding which legal structure is right for you. This decision will impact your future liability, the amount of control you will be able to exercise, how complex the requirements will be, and much more.

What is an operating agreement and why should your business have one?

What is an operating agreement? An operating agreement, also known as a buy-sell agreement, is a document that tailors the terms of a limited liability company (LLC) to meet the specific needs of its owners. The agreement thus clarifies the internal operations of the LLC according to its members. It also outlines the financial and functional procedures of the business as well as what happens if one member wants to sell their interest to someone else.

What is a beneficiary deed?

A beneficiary deed is a special deed unique to Arizona.  This document is filed with the Recorder's office and places a beneficiary on your home in the event that you pass away.  This important document ensures that the equity in your home gets passed on to your loved...