You’ve done the responsible thing and set up your estate plan, which includes a Revocable Living Trust. You’ve gone through the process of choosing your agents, planning distributions of your assets, nominating guardians and conservators for your children, and naming agents under health care and general durable powers of attorney. You’ve signed all the documents, so now you’re done, right? Not exactly. There are steps that you should continue to take even after you have signed your documents to … [Read more...] about Maintaining Your Revocable Living Trust
Aspey Watkins Diesel
What Happens When a Client or Customer Files for Bankruptcy ?
With the financial challenges and uncertainty we all endured over the last year and a half, it is no surprise that many of us have received notice that our clients or customers have filed for bankruptcy. There are very strict rules on what you may do when a client or customer, or any person or business that owes money to you, files for bankruptcy. While the rules are very strict, there is a common misperception that there is no way to collect on debts once a client or customer files for … [Read more...] about What Happens When a Client or Customer Files for Bankruptcy ?
What to Consider When Assessing Flood Damage
The summer of 2021 in Northern Arizona has been associated with frequent monsoons. The National Weather Service issued multiple flash flood warnings throughout the month of July. It has also noted that, since the Museum Fire that took place in July and August of 2019, there is an increased likelihood of flooding adjacent to the Museum Fire “burn scar.” Portions of East Flagstaff (including Sunnyside, Mt. Elden Estates, Paradise Hills and Grandview) are at risk of flooding as a result of the … [Read more...] about What to Consider When Assessing Flood Damage
Handling Construction Disputes When Building a House
Whether you are an owner or a contractor, now is a tumultuous time in the construction world. Construction material prices are sky high, contractors are overwhelmed with work, and everything takes longer than it used to. In difficult times, disputes can arise, so now is a good time for both owners and contractors to know their rights. First, owners and contractors should be aware of the role of the Arizona Registrar of Contractors (the “ROC”) in construction disputes. Owners who are … [Read more...] about Handling Construction Disputes When Building a House
Considering Marriage as a Business
Do you know why the wedding band is placed on the fourth finger? The theory is that the fourth finger is the only finger with a vein connected to the heart. In a similar vein of sentiment, movies and television, particular religious dogmas and, frankly, just the general impression that we are given of marriage as we grow, suggest that there is an intrinsic and spiritual component to marriage that transcends mere laws. However, these grandiloquent notions hardly ever find their ways into a … [Read more...] about Considering Marriage as a Business
AWD Turns 40
Some things are built to last. Law firms are not frequently among them. Why not? Just consider the last situation when you spent time with your lawyer. You were probably in the midst of a transaction or dispute that you couldn’t handle on your own, and the outcome of which could make a big difference in your life or in your business. Now, consider how you came to have that lawyer as your own. No one seeks a referral by asking, “Is there a lawyer who handles …?” Most likely, the … [Read more...] about AWD Turns 40
