Employing Life Insurance in Estate Planning to Protect Your Legacy
Generally, whole life insurance is more of an investment, while term life insurance is fee-based and ends if you stop paying those fees.
Brittany Labadie is the Managing Partner at Lewis Labadie. She has been working with Lewis Labadie since it opened. Her current focus is with adoption cases, including juvenile adoptions, adult adoptions, foster care adoptions, same-sex adoption, surrogacy adoptions, and when necessary termination of parental rights. She works throughout the State of Arizona.
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Generally, whole life insurance is more of an investment, while term life insurance is fee-based and ends if you stop paying those fees.
One very common question people wonder when creating a trust is, “Do I need a will if I have a trust?” The simple answer is, “Yes.”
Among the worst issues are that probate court can delay transferring your assets to your heirs, can cause privacy issue because probate cases are a matter of public record, can be costly if your estate has to hire a lawyer, and can open your estate up to conflict from a probate challenge.
Estate planning is not about you, or even about you and your spouse. Estate planning is about making difficult decisions, so your loved ones don’t have to make them for you when you are gone.
A prenuptial agreement or post-nuptial agreement is a contract between both parties and in the event the marriage crumbles and you end up in a divorce or one of you dies, it determines the outcome.
The one downside to filing Chapter 7 bankruptcy is that you may lose assets to pay off your creditors.
Ignoring debt will have lasting negative impacts that may force you into bankruptcy anyway.
In January 2022, 10 Arizona Legal Paraprofessionals (“LP”) were licensed by the Supreme Court to represent parties in court in place of an attorney. Since then a few more have been appointed. LPs are comparable to an attorney as a nurse practitioner is to a doctor.
This article is designed to explain the role of a Judge Pro Tempore “JPT” and to identify how it differs from a permanent judge. It is an important distinction for accuracy and understanding of private practice and governmental service.
A Summary Consent Decree is a newer process that allows parties that are in full agreement on all of the terms to be able to divorce in an easier process…
The following individuals were granted an LP license to practice in the endorsement area of Family Law and Chelsea Woodworth is soon to become the first LP with a dual license having recently passed the Civil Law Endorsement exam.
A contested legal matter means you and the opposing party in your case do not agree on everything. On the other hand, if the parties agree, then it would be an uncontested matter
Debt settlement can take years, and your credit usually does not improve much during that time.
The Means Test is an eligibility criterion for Chapter 7 bankruptcy. If you do not pass the Means Test, you do not qualify for a Chapter 7 Bankruptcy.
Let’s examine how debt settlement programs have generally worked for these credit or debt programs.
In the past, you didn’t need to be overly concerned about losing everything. But whether you can keep your house and vehicle has become more complicated in 2022.
There are times when a second parent must adopt to obtain legal rights of their own child.
Do you want a Better Divorce? Part 1 covered what a Better Divorce is and Part 2 explains what the process looks like and possible issues.
A better divorce exists. Divorces are often emotion-filled and endless drains of time and money.
A question that is often asked is about the cost of adoption. Adoptions range from no expenses to $100,000s. Seems extreme, right?
ICWA has a number of protections, but they can be summed up with two words: participation and difficulty.
The Central Registry is a state-wide database listing who has substantiated reports of abuse or neglect to a child or vulnerable adult. This does not include mere investigations or unsubstantiated allegations.
In our firm’s experience, Arizona DCS has allowed increased Indian tribal participation in child welfare cases (dependency, severance, termination, adoption). Our firm has observed, in several cases, that Arizona seems to allow even greater tribal participation than federal law would require.
ICWA is designed to benefit an Indian child by protecting the child’s cultural and familial bonds to the child’s Indian tribe. In the culture of many Indian tribes, the tribe is the child’s family.
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