Latest Posts

Types of Conservatorships for the Elderly

August 2, 2019

Conservatorship is a type of legal process implemented to protect people who are no longer (or never were) capable of caring for themselves, whether due to disability, incapacity or age. The court appoints a legal guardian to care for the person in need (known as a ward), and that guardian will have the authority to make certain decisions on the ward’s behalf while representing their various personal and financial affairs. In many cases, people will include conservatorship information in their estate plans, and their chosen guardian will be ratified by the state. But when no such estate plan exists, the... View Article

How Much Should You Put Into Your Special Needs Trust?

July 19, 2019

When you have a child with special needs, there are a lot of extra considerations you need to factor into your estate planning. One of the biggest examples of this is the creation of a special needs trust. You’ll need to spend some time thinking about how much it will cost to provide for the child, both while you’re alive and after your death. Here’s some information from a special needs trust lawyer in Phoenix, AZ about how you can best manage your special needs trust. What is a special needs trust? A special needs trust allows a person with... View Article

Tips for Protecting Your Digital Assets

June 28, 2019

In this increasingly digital world, it’s important to consider your digital assets when planning your estate. Any types of accounts you have, websites you own or other possessions that exist in the digital realm could all become items of some value in your estate plan. With this in mind, here is some information from an attorney in Phoenix, AZ to help you protect those digital assets and ensure their value remains in your family and that they’re passed along to your beneficiaries. Keep tabs on all your accounts Somewhere in a secure location you should keep a running list of... View Article

What’s the Difference Between a Living Trust and a Will?

June 14, 2019

You’ve probably heard a bit about the usefulness of tools like living trusts and wills for your estate plan. However, it’s important to note that these terms don’t refer to the same items—each serves a different purpose, and therefore you must have an understanding of how each works to get the most effective use out of them. Here’s some information from a will and trust lawyer in Phoenix, AZ about the differences between these two tools and their benefits: Beneficiaries: Both living trusts and wills allow you to leave behind property to your chosen beneficiaries. In a will, you describe... View Article

last will

What to Include in a Will

May 17, 2019

Have you made the decision to finally move forward with drafting a will? Great! This is an excellent way to protect the future of your family and to take control over what happens to your assets after your death. Your estate planning attorney in Phoenix, AZ will be able to guide you through the process step by step so you hit all the most important subjects in your estate plan. With regard to your will, here are some specific items you’re going to want to be sure you cover: Executor: Your personal representative (or estate executor) is the person who... View Article

Lyman Law Office