Posts tagged ‘wills’

January 24, 2013

Tools Available to Plan Your Estate

For anyone considering estate planning, we offer several documents to accomplish common goals of the estate. The information below provides explanations of each of our estate planning documents. For a free consultation about these documents and other common estate planning tools, contact us at (623)551-9366.

WILL: AKA “Last Will and Testament.” The will or simple will is the document that allows a person (referred to as the testator/trix) to choose where his or her assets go upon your death. The will allows parents of minor children to appoint a guardian and trustee for those children if he or she in

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September 20, 2011

Why You May Wish to Change or Update your Estate Planning Documents

At the Carroll Law Firm, we help clients plan their estate by preparing documents including Simple Wills, Durable General Powers of Attorney (AKA Business Powers of Attorney), Healthcare Power of Attorney, Living Wills, Beneficiary Deeds and even Trusts.

Every time you move to a new state, you should prepare a new will. Each state has different laws for probating an estate, and if you do not have a new will prepared, you could leave your beneficiaries liable for problems that you could have helped them avoid such as inheritance taxes, real estate complications and more. The only way to ensure that your true wishes will be carried out upon death is to have a will prepared in accordance with state laws of your primary residence.

In addition to a new will, you also should make sure your Trust adheres to local laws. If you already have a trust, an attorney can prepare an amendment to that trust to make sure that the trust is interpreted according to Arizona law.

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January 11, 2011

Resolution: Be Prepared

In today’s world, what age is considered “elderly’?  A person’s real age continues to climb as people live longer, life styles have more options, and new opportunities for both work and recreation come along.  The stereotype of the elderly with white hair, staying at home, becoming easily confused, and having trouble getting around may not fit any more.  However, regardless of age, anyone can become sick, be injured, or die unexpectedly.

This raises the question of what a person –of any age-needs to do to prepare for these possible events?  We should be asking ourselves what legal documents are necessary.  Do I need to have a lawyer to prepare these documents or can I do it myself?  With a slow economy, what are the costs for doing all of this?  Can a document really protect my assets?  And what is all of this talk about Long Term Care?

We make New Year’s resolutions to exercise more or to make better food choices.  We decide to get our house “in order” physically, but what about getting our life in order for our future and that of our family. This year make your resolution to have the proper documents prepared to protect yourself, your assets, and your loved ones.  This means that you will want to learn the difference between a will and a trust.  Plus while you are mentally competent, you will want to state your instructions for the way you want your estate to be handled-not the courts!  Also you do need to think about appointing someone to have Power of Attorney for both your health care and your financial decisions.

The Carroll Law Firm is skilled in helping people plan for their future.  Thinking about all of the things that are really important in your life, what is more crucial than taking the time to plan for your wishes to be put into legal binding documents?  Taking care of your body and becoming fit this year is a good goal; but an even better one is to make an appointment now to discuss with a professional your options for planning for your future not only for yourself but for your family.  This can ensure you a Happy New Year and happy years to come.

December 30, 2010

Update on Estate Taxes

On December 17, 2010, President Obama signed “The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act which significantly altered the rules concerning federal estate taxes, gift taxes and generation-skipping transfer taxes for the 2010 through 2012 tax years.  Once again the polarized Congress was incapable of reaching a bipartisan long term solution and instead bartered a short term “fix” that will expire at the end of 2012 unless Congress acts again to extend or further alter the current law.  In on other words the exemption amount, which has been generously increased to $5 million for the years 2011 and 2012 will revert back to $1 million as of January 1, 2013 unless Congress acts!  Obviously the intent is to leave this political “hot potato” on the table so that both sides can use it to their political advantage.  You can expect the Republicans to continue to argue for a total repeal of “the Death Tax” and the Democrats countering with keeping the tax as a means of making the very rich “pay their fair share”.

The bottom line is that if you happen to die in 2011 or 2012, you can leave up to $5 Million to your beneficiary without having to pay any federal estate tax.  And if you happen to be married, you can effectively transfer $10 Million to your beneficiaries, ($5 Million each) without the federal government taking a bite.  Note that the exemption amount does include gifts made during the grantor’s lifetime.  So, for the next two years almost everyone I know can breathe easy, but since there will have to be changes in the future, STAY TUNED!

December 1, 2010

The Carroll Law Firm Provides Hope 4 Kids This Holiday Season

The Carroll Law Firm PLC will be donating 10% of all proceeds from Wills, Business Power of Attorney, Healthcare Power of Attorney, and Living Wills from now through New Year’s Day to Hope 4 Kids, International.  Hope 4 Kids International is a charity committed to serving impoverished children across the world by leading teams on mission trips, equipped with essential medical and dental supplies and other provisions. Hope 4 Kids strives to bring hope and necessary care to kids through dignity, health, joy and love. This holiday season, the Carroll Law Firm PLC is working to help needy children across the world by donating a portion of their earnings to this worthy cause.

The proceeds that we will be donating from just one Will can provide a child with a life-saving mosquito net in Africa. Proceeds donated from two of our estate planning documents can provide a child with shoes, provide medical care to 24 children, give a Romanian child a warm new coat, deliver a food basket to a family in Peru, or deliver school supplies to children in Africa.

If you or someone you know is in need of any of these essential estate planning documents, please consider coming in during this holiday season to have our attorneys prepare them. The cost of each document is $125. These documents provide protection for your family, as well as much needed help to children across the world. Call (623)551-9366 at any time to set up an appointment.

Find out more about Hope 4 Kids International by visiting their website at
If you wish to learn more about our law firm, please visit our website at