Executors and Administrators, or Trustees in Fiduciary duties What is a fiduciary? There are several kinds. Today we will focus on the roles of administrator, executor, and trustee. How are these roles different? Each type of fiduciary carries a high responsibility. It’s a person in who much trust is placed. This applies to legal, … Continued
Testate versus Intestate. What’s the difference? Testate means that a person dies with a valid Will in place. Intestate means that the person died without a Will. Not a big deal unless you want the state to decide who gets what. Not a big deal if you want your family to end up with … Continued
Beneficiary Deeds – Simple yet Powerful When someone dies a beneficiary deeds can help define who gets title. It is wise to sign and record them before the owner of the estate dies. He or she may do this at any age. These deeds are commonly used when the owner of the estate is advanced … Continued
Community property. Ademption. Two terms any Arizona probate Attorney is familiar with. Lets look at these terms. Any real or personal property acquired during marriage is subject to community property law. That includes Arizona and a dozen other states. What kind of property does this consist of? Cars, boats, and jewelry. Real estate, and any … Continued
