Archive for ‘Wills & Estate Planning’

December 23, 2013

Miller Trusts

When you reach a point in your life that you are ageing, you may need to qualify for Medicaid Long-Term Care Benefits for nursing home care. Arizona’s Medicaid system is called the Arizona Health Care Cost Containment System, or “AHCCCS” (often pronounced “access.”) The Arizona Long Term Care System is called “ALTCS” (often pronounced All-Techs.”) To qualify for ALTCS in Arizona, an income cap state, a person without an eligible spouse must not have an income that exceeds $1,752 per month, and a person with an eligible spouse must not have an income that exceeds $2,628 per month.

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October 30, 2013

Why Pay a Lawyer?

Often people ask, “Why pay a lawyer?” when legal document prepares in Arizona can often prepare documents that people would normally go to a lawyer to prepare instead. Arizona  is  rather lax in allowing non-lawyers prepare what are essentially “legal documents.” These individuals typically prepare wills, trusts, powers of attorney, divorce and bankruptcy petitions, Limited Liability Company filings and other such documents. In addition to these “document preparers”, there are several online websites that essentially offer the same services.

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October 24, 2013

Differences Between a Healthcare Power of Attorney and a Living Will (Advanced Directive)

When considering major decisions in your life, one important decision to make is how your healthcare should be handled. There are documents to dictate how your life should be carried out should you become incapable of speaking for yourself. The two main documents to do so are the Living Will (also called an Advanced Directive) and Healthcare Power of Attorney. The two may appear to be quite similar, yet one gives you the right to decide certain end of life measures beforehand, while the other is used to appoint a healthcare provider to speak on your behalf.

A Living Will is the statement written beforehand providing details on the type of care you would like to have, or care you wish not to have, for life prolonging treatments should you become debilitated. The Living Will gives you the power to make decisions on procedures such as blood transfusions, CPR/DNR orders, artificial administration of food and water, as well as palliative care (also known as “comfort care” if you wish to let death naturally occur).

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October 21, 2013

Necessary Estate Planning for Parents with Minor Children

Are you a new parent or parents without an estate plan?  This applies to you!

From that special moment you find out you are going to be a parent, there are decisions you have to make to prepare for the arrival of your child. It’s understandable that, in the midst of all of those choices, the last thing that may enter your mind is estate planning.

You may think of estate planning documents as being just for the elderly, but that is not the case. If you are a new parent, or parents without an estate plan, you should consider getting documents prepared that will establish your estate plan. Unfortunate circumstances happen every day; therefore, making sure your wishes are in place for your children is essential. Too often people put off getting estate planning documents because they think they don’t need them, and that it can wait. Young parents often think they won’t be able to afford setting up an estate plan, or they simply don’t want to think about the prospect of dying. Though these are common thoughts, no matter your age, or the value of your assets, making sure your children and family are taken care of, should something happen to you, is a priority. As a parent, tackling your estate planning early on will give you a sense of relief knowing that you have done everything possible to ensure that your family is going to be provided for should you become incapacitated.

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August 22, 2013

Do I Need to Hire an Attorney?

In Arizona, there are many self-service forms available for certain areas of law. There are also certified legal document preparers who can draft certain legal forms. These services tend to have lower up-front costs than attorneys. Unfortunately, however, a person can end up paying more in the long run by failing to hire an attorney now.

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