Key Takeaways Read the fine print on all contracts and disclosures when investing in Arizona real estate. This will protect you from imprecise terminology, unexpected loopholes, and other deceptive language that may result in expensive litigation. Get to know Arizona’s unusual zoning restrictions. Understand relevant environmental regulations, particularly if you are investing in desert [...]
About Phoenix, Arizona, And The Role Of Trust Management Attorneys In Wealth Preservation Phoenix, Arizona, is one of the fastest-growing metropolitan areas in the United States and is known for its warm climate, stunning desert landscapes, and vibrant economy. As the fifth-largest city in the country, Phoenix attracts people from all walks of life, [...]
Key Takeaways Arizona estate recovery allows the state to recover Medicaid expenditures from the estates of deceased recipients. This process targets assets like homes and bank accounts. Knowing how the process works is key to smart estate planning. Other assets might be exempt from recovery claims, including assets that are protected under special trusts [...]
Key Takeaways In Arizona, estate recovery allows the state to recoup Medicaid expenses. This is limited to the estates of deceased ALTCS beneficiaries who received long-term care services after age 55. Knowing how this process works in practice is the first and most important step for smart estate planning. ALTCS recipients should be aware [...]
Key Takeaways In Arizona, estate recovery is an administrative process mandated by federal law. Yet Arizona’s state Medicaid program, known as AHCCCS, does not just allow for estate recovery — it aggressively pursues it. Knowledge of this process is key to smart estate planning. Noncompliance with estate recovery results in adverse legal action, including [...]
Key Takeaways Estate recovery is a process where states recoup Medicaid costs from the estates of deceased beneficiaries, impacting inheritance and asset distribution for families. Educating yourself about these laws is essential to making sure your estate planning works for you. What are the most common estate recovery mistakes that cost families thousands? Medicaid [...]
Key Takeaways In Arizona, estate recovery is a judicial process. The state aggressively pursues estate recovery for any long-term care Medicaid services provided, seeking reimbursement from the estates of deceased beneficiaries. It only applies to certain types of assets and is based on complex state and federal laws. Medicaid estate recovery is a process [...]
Key Takeaways Trust management is the art of ultimate oversight and maintaining legal standards of application and management, shielding beneficiaries’ interests and wishes at all costs. Knowing its purpose is key to effective estate planning. Misconceptions such as "trusts are only for the rich" or "trusts mean loss of asset control" can lead to [...]
Key Takeaways Proper trust administration is key to making sure your beneficiaries receive what they were meant to inherit and avoiding costly court battles. Avoiding and addressing common, potentially harmful missteps is crucial to safeguarding the trust and providing for the needs of its beneficiaries. Don’t make these common mistakes like skipping the basics, [...]
Key Takeaways By updating your trust management plan at regular intervals, you can better guarantee that it serves the evolving needs of your life situation, the law, and your long-term vision. Making these proactive updates is the best way to protect your financial future and legacy. Warning signs such as stagnant stakeholder trust levels, [...]