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How Establishing a Trust Ensures Your Wishes are Honored

May 18, 2025/in Wills & Trusts/by Loose Law Group, P.C.

While a will is a fundamental estate planning tool, establishing a trust can offer a more versatile and efficient approach to transferring wealth and providing for future generations.

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Does Putting Your Home in Trust Abandon Your Homestead Exemption?

April 30, 2025/in Estate Planning/by Don Loose

Arizona homeowners face a difficult dilemma when planning their estates. They want to secure their family’s future by placing their home in a trust, yet they fear that doing so might forfeit their homestead exemption.

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Secure Your Legacy: A Guide to Estate Planning by Scottsdale Attorneys

February 20, 2025/in Estate Planning/by Loose Law Group, P.C.

Estate planning involves more than just writing a will. It’s a comprehensive process that encompasses various legal and financial strategies to manage your assets during your lifetime and after your passing.

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7 Reasons to Update Your Estate Plan in Arizona

July 1, 2022/in Estate Planning/by Don Loose

Your estate plan is not a “set-and-forget” kind of strategy. There are certain life events and circumstances that warrant your updating this important set of documents.

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Why You Need an Estate Plan

November 29, 2021/in Estate Planning, Wills & Trusts/by Leighten Hendrickson

Planning for our own death is not something that tends to thrill most of us. It is difficult to face our own mortality.

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What is Estate Planning?

May 20, 2021/in Estate Planning/by Michael Ruppert

What comes to mind when you see the words estate planning?

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Informal Probate – Administration of Estates Outside of Court

January 10, 2021/in Estate Planning/by Don Loose

In many cases, probate is a quick and efficient way to transfer the assets of a person who has died (the “decedent”) to his heirs. About 10,000 probate cases are filed each year in the state of Arizona.

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Special Purpose Trusts – 2 Most Common Forms

January 10, 2021/in Estate Planning/by Don Loose

A trust is a legal entity that is created and holds title to assets during the life of the person who places assets inside the trust

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Conservatorships – Acting as a Trustee of Another Person’s Property

December 28, 2020/in Estate Planning/by Don Loose

A conservatorship proceeding may be started by an elderly person who desires protection of his or her property.

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Guardianships – Responsibility for Welfare of Another

December 28, 2020/in Estate Planning/by Don Loose

A guardian is a person appointed by the court to guard the health, safety and welfare of another.

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Gifts to Minors and Simple Transfer of Property

December 28, 2020/in Estate Planning/by Don Loose

A gift to a minor may consist of stock, money, ownership of a life insurance policy or annuity contract, a right to future payments under a contract, an interest in real estate, or a certificate of title to a vehicle.

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Lifetime Gifts – Property and Real Property

December 28, 2020/in Estate Planning/by Don Loose

Gifts of property may be made by a person during his or her lifetime, or after their death.

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https://looselawgroup.com/wp-content/uploads/2020/09/loose-feature.jpg 360 700 Don Loose https://looselawgroup.com/wp-content/uploads/2022/06/logo-loose.svg Don Loose2020-12-28 10:50:382023-03-06 08:53:25Lifetime Gifts – Property and Real Property

How you can Take Title to Real Estate in Arizona

December 28, 2020/in Estate Planning/by Don Loose

Arizona is a community property state. Property acquired by a husband and wife is presumed to be community property, unless legally specified differently.

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How to Manage Estate and Gift Taxes in Arizona

December 28, 2020/in Estate Planning/by Don Loose

The Tax Cuts and Jobs Act, which took effect on January 1, 2018, increased the federal estate, gift, and generation-skipping transfer (“GST”) tax exemption amounts to nearly $11.2 million for an individual, and $22.4 million for a married couple, from $5.49 million and $10.98 million, respectively, in 2017.

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Organ Donation – How to Make Your Desires Known

December 28, 2020/in Estate Planning/by Don Loose

In Arizona, every person is eligible to be an organ donor; there are no age or physical limitations.

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Living Wills and How to Guide Health Care Treatment Decisions

December 28, 2020/in Estate Planning/by Don Loose

A living will is a written statement by a person intended to guide or control the health care treatment decisions that can be made on his behalf.

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Health Care Directives in Arizona

December 28, 2020/in Estate Planning/by Don Loose

Health care directives constitute an important part of any comprehensive estate plan. Every person implementing an estate plan in Arizona should give serious consideration to executing one or more health care directives.

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When is it Allowed to Delegate Parental Powers?

December 28, 2020/in Estate Planning/by Don Loose

A parent cannot delegate his or her parental powers by a power of attorney for longer than six months, but there is no limitation on the number of powers of attorney that they may execute.

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Durable Powers of Attorney in Estate Planning

December 28, 2020/in Estate Planning/by Don Loose

A durable power of attorney is an important component of any comprehensive estate plan.

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Ways to Avoid Probate Through Beneficiary Deeds

December 28, 2020/in Estate Planning/by Don Loose

A deed is a legal document that transfers an interest in real estate to another person. Anyone who owns a house acquired title to it by a deed.

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When Can Bank Accounts be Transferred Outside of Probate?

December 28, 2020/in Estate Planning/by Don Loose

On the death of the sole party or the last survivor of two or more parties in an account with a pay on death designation, the sums on deposit belong to the surviving beneficiary or beneficiaries.

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What are Small Estate Affidavits and When Are They Used?

December 28, 2020/in Estate Planning/by Don Loose

It is possible to avoid probate entirely in small estates by the use of affidavits to collect the property and assets of the deceased person.

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Allowances and Exempt Property When It Comes to Inheritance

December 28, 2020/in Estate Planning/by Don Loose

For a decedent who was not domiciled in Arizona at the time of death, the allowances are governed by the law of the decedent’s domicile at death.

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Disinheritance: What If You are Left Out of the Will?

December 28, 2020/in Estate Planning/by Don Loose

The principal protection of a surviving spouse against disinheritance is his or her share in the community property.

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