Estate Planning: How To Create a Successful Multigenerational Wealth Transfer How Can Generational Wealth Be Preserved? Studies estimate that 70 percent of family wealth is lost by the end of the second generation and 90 percent by the end of the third generation. To help your loved ones avoid becoming part of this statistic, [...]

Fears That Prevent Communicating With Loved Ones About Their Wealth Why Do People Fear Talking About Money? Studies have shown that the largest contributing factors to generational loss of wealth are a lack of communication and trust among family members and the failure to prepare heirs. Often, fear is what underlies the lack of [...]

How To Preserve Money & Property Past The Third Generation How Can Wealth Be Preserved Beyond The Third Generation? Whether you have inherited your wealth or have built it yourself, you likely want to share this wealth with the next generation and beyond. The quotation “shirtsleeves to shirtsleeves in three generations” has often been [...]

What Happens To My Digital Movies When I Die? The Importance Of Estate Planning For Digital Assets In today’s digital age, many people have a library of digital assets that may include items such as books, music, and movies. One of the perceived benefits of owning these digital items is having a convenient way [...]

What Are The Differences Between a Prenuptial Agreement & a Will Or Trust? Mesa's Leading Estate Planning Attorneys Explain Why Prenup Agreements Are Used There was a time when most people heard about prenuptial agreements only when watching soap operas or Hollywood movies or reading a novel. For many of us, prenuptial agreements seemed [...]

Gifts That Your Family Will Love But The IRS Won’t Tax Making Tax-Free Annual Exclusion, Medical-Payments & Educational Gifts To Benefit Your Loved Ones Do not let constant political and financial speculation prevent you from making tax-free annual exclusion, medical-payment, and educational gifts to or for the benefit of your loved ones. Annual Exclusion [...]

What Is Reasonable Successor Trustee Compensation? How Much Should a Trustee Of a Trust Be Paid In Arizona? Asking someone to serve as your fiduciary (trustee of your trust or personal representative or executor under your last will and testament) is not something that you should take lightly. Serving as a fiduciary is a [...]

Can a Beneficiary Be The Trustee Of a Trust In Arizona? A Guide To Decide If It's Convenient To Be a Beneficiary & a Trustee Of The Same Trust Clients often naturally choose their children to be beneficiaries of their revocable living trusts. Many clients also wish to name one or more of their [...]

Why Are Trusts So Long In Estate Planning? Creating a Comprehensive Plan For Your Future: 4 Essential Elements Your Trust Should Accomplish When you met with a Mesa estate planning attorney a few weeks ago, perhaps all you expected was a simple will. Maybe you thought that, with your situation, the work should be [...]

The Employee Onboarding Process & Its Impact On Your Estate Plan Ensure That Your True Financial & Estate Planning Wishes Are Carried Out Starting a new job is an exciting new chapter in your life. Depending on your company’s onboarding process, there can be a lot of moving parts. You may feel overwhelmed by [...]