Not long ago, the majority of states required the spouse who wanted a divorce to prove that his or her spouse had done something to justify the need for a divorce. Today, Arizona is a state that maintains no-fault divorce laws. Let’s take a deeper dive into this divorce type and what couples are eligible…
What should couples know about the differences between a fault and no-fault divorce? Let’s take a look at which process is best for your situation. What Is A Fault Divorce? In this divorce setting, a couple needs to cite specific grounds for the divorce. Typically, the following circumstances are cited for divorce: Impotence. Adultery. Physical…
In 50/50 custody agreements, both parents are regarded as custodial parents. Meaning that neither parent possesses primary physical custody of the child. Rather, the child spends equal lengths of time living with each parent. Nevertheless, there still might be one parent that retains legal custody of the child. Legal custody is in reference to the…
What are the many reasons why grandparents may choose to file for custody of their grandchildren? Let’s look at the most common reasons why and what rights grandparents have when it comes to the relationship with their grandchildren. Reasons Why Grandparents May File For Custody Of A Grandchild Death/incapacitation of the parent, a voluntary custody…
Can a Parent Move out of state without a custody agreement in Arizona? The short answer is no. Courts in Arizona deciding whether a parent can relocate with their child or children have a duty to investigate if the move will harm the relationship the child or children has with the parent who is not…
Child custody battles between unmarried parents create many questions. Who has legal custody of a child when the parents are not married? Who has custody of a child if there are no court orders? What rights does a father have if he is listed on the birth certificate? What rights does an unwed father or mother…
Having a detailed plan for the future is crucial, especially when it relates to protecting your assets and valued loved ones. Survivorship life insurance policies can play an important role in estate planning by covering estate taxes, offering liquidity for estate expenses, and providing long-term financial security. What Is Survivorship Life Insurance? Also referred to…
Estate planning can be difficult with complicated legal documents, tax ramifications, and discouraging questions. Nevertheless, it is an important part of a versatile financial plan. Everything you own—your home, your investments, and your assets —is a part of your estate. Even though it may be awkward to consider, you should have a plan in place…
Asset protection is a collection of methods and planning strategies used to legally protect individual or business assets from legal judgments, taxes, seizures, lender claims or unwanted beneficiaries like ex-spouses. These protection methods can comprise of trusts, limited liability corporations (LLCs), general liability insurance and pre-nuptial agreements. Asset protection is particularly vital if you’re in…
Prior to 2018, the IRS did allow itemized deductions on eligible estate planning fees until the Tax Cuts and Jobs Act of 2017 (TCJA) changed that rule. This means that estate planning fees are no longer deductible from your taxable income. However, these changes will be up for renewal in 2025. Is Estate Planning Tax…
