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Transferring your house to your child while you are still alive might seem like a straightforward strategy to avoid probate after your passing. However, this approach can lead to a myriad of issues that you may not expect. My advice is do NOT do it. Some people decide to just add their child onto the […]
About Kristi Hancock
Estate Planning for Arizona Farmers & Ranchers: Key Considerations
As an attorney specializing in estate planning, I often encounter clients who underestimate the importance of having a comprehensive estate plan in place. This is particularly true for farmers and ranchers, whose livelihoods are deeply tied to their land, livestock, and family. Estate planning is not just about distributing assets upon death; it’s a critical […]
Choosing an Agent For Your Power of Attorney: A Deeply Personal Decision
Deciding who will handle your affairs if you become incapacitated is one of the most important decisions you’ll ever make. The agent (also known as your attorney-in-fact) you choose in your power of attorney (POA) document will be entrusted with significant responsibility. This role should not be taken lightly. Depending on the type of POA […]
Do I Need an Estate Plan If Both Names Are on the Deed?
When I first started my journey as an estate planning attorney, I remember sitting down with a couple who had just purchased their dream home together. When I brought up the topic of estate planning, they looked at me, puzzled. “We don’t need an estate plan,” they said confidently. “Both our names are on the […]
Estate Planning for the Blended Family: Planning to Keep a New Spouse and All the Kids Happy
For most people, an estate plan is a way to avoid probate and ensure their assets are distributed in a manner of their choosing. However, many fail to create estate plans or do not create them effectively and then their assets are subject to state laws. Arizona intestacy laws do not always provide the results […]
Navigating Estate Planning as a Seasonal or Part-Time Arizona Resident
As I recently went on a hike to enjoy our perfect Arizona winter weather and our breathtaking landscapes, I was reminded that all too soon we will start to warm up again. Many of our Arizona residents will flee the brutal heat and head to cooler weather. Although I am slightly envious of the ability […]
Pet Trusts in Estate Planning: Caring for Your Furry Friends When You Are Gone
Understanding pets trusts. For many individuals, pets are integral members of the family. Considering their future and well-being is a crucial element of planning. In some cases, pets may be the primary beneficiaries of an inheritance, while in others, a portion of the estate is allocated for their care and maintenance. So how can you […]
From my Saddle to Your Sofa: Why I Love Being A Mobile Estate Planning Attorney
Growing up in a small town meant driving was a part of life. Whether it was heading to the grocery store, the movie theater, a restaurant, or school, we always had to hop in the car. I learned to enjoy the beauty of the scenery and appreciate the marvels of the great outdoors. Maybe that’s […]
Revocable Vs. Irrevocable Trusts Compared Side By Side
When it comes to estate planning, trusts are essential tools that help individuals manage their assets and provide for their loved ones. There are many different types of trusts, but they fall into two categories: irrevocable trusts and revocable trusts. While both serve the purpose of asset management and distribution, they have distinct characteristics that […]
Do I need a Beneficiary Designation or a Living Trust in Arizona?
Just a couple days ago I had a client that asked me this question. This particular client had a house that was going to one single beneficiary which was her son, she had a few bank accounts and some IRA’s. She had a beneficiary designation set up on everything already except for the house. In […]
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