Understanding Business Assets and Probate Question: My father recently passed away. His only asset of any value was his small manufacturing business Corporation. Is his business subject to probate? Answer: To answer your question I need to briefly answer a question that I am often asked, “What is probate”? Probate is the legal process used to […]
At Silverman Law Offices we believe that estate planning is about more than avoiding taxes and probate. Yes, there are the documents that need to be created: powers of attorney, trusts and wills. More than that, we create customized plans—we do not use “cookie cutter” documents from a template—we prefer to meet your individual needs.
Here you can find our individualized advice on situations in which our clients have found themselves. Here you can find our discussions on state taxes, powers of attorney, life care planning, and even more pleasurable topics like how to title a vacation home.
I am often asked by family members of an elderly or ill patient when a healthcare power of attorney Arizona becomes effective, when is it time to exercise the power and what types of decisions should I be making on behalf of my relative? These essential questions are crucial to the discussion of important decisions […]
I recently received the following question from a reader of my Arizona Republic newspaper column: My mother recently passed away. She wrote a will, but to avoid probate she left her residence to my three siblings and me by a beneficiary deed, put her bank accounts into my name, and left a list for the distribution […]
Estate planning, and the need to update existing plans, is critically important, particularly after a divorce. Once the dust settles and a settlement is reached (or, in rare cases, a court orders division of assets), former spouses must look at estate planning in the context of their new single status. Items to consider when updating […]
[Download a PDF of this article: What to Do When Someone Dies] When a loved one passes away, it is an understandably stressful time. It can be even more stressful and/or traumatic trying to remember all of the details that must be taken care of related to a person’s death. If you are in charge of […]