Updating Your Plan: Your Trust or Will

January 25, 2021Estate Planning, Legal Education

Regularly reviewing your estate plan to ensure it’s accuracy is important. This includes your entire plan, including your primary vehicle, such as a trust or will. Read on to learn more.

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Kevin Kinghorn

Kevin Kinghorn has been a practicing attorney in Tucson and southern Arizona since 1993. He has been certified as a Specialist in Estate and Trust Law by the State Bar of Arizona’s Board of Legal Specialization. His practice includes all facets of estate planning including trusts, probate, trust administration, Medicaid and VA planning, and business planning and formation.

Latest posts by Kevin Kinghorn (see all)

Tax Proposals Could Alter Estate Planning Landscape - May 3, 2021
Updating Your Plan: Your Trust or Will - January 25, 2021
Take Care of Yourself When Caring for Another - January 4, 2021

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

In this day and age it is very rewarding and comforting to make a major decision for the long-term security of your family. Over 14 years ago we decided upon the Kinghorn Heritage Family to create our family trust. Through the years it became very evident that this decision was a major and necessary step for a secure future in an ever-changing legal climate. The Kinghorn Family has been a close friend that has always been there to serve our family.

Gary and Velma T. Client Review September 8, 2020

We appreciate the programs presented that keep us informed and updated in today’s internet and financial world. It is a comfort to know that you are only a phone call away if questions arise.

Robert and JoAnn H. Client Review September 8, 2020

We enjoyed meeting all the behind-the-scenes people on your team and want to thank you for the peace of mind you’ve given us and our children.

M.D. Client Reveiw September 8, 2020

What an amazing law firm, where the people I refer to them are handled as good friends, family, and confidantes.

Eileen E. Client Review September 8, 2020

Thank you Allison and Kinghorn Law family for everything you have done to make our end-of-life decisions a reality and stress free. When we think of Kinghorn: trust, peace of mind, professional. Outstanding Law Firm!

Ken and Cheryl V. Client Review September 8, 2020

Very satisfied with your company and staff.

Robert and Britt O. Client Review September 8, 2020

Are you a business owner? Are you beginning to wonder what will happen to the company you love in the future? Are you also concerned about the here and now? It doesn’t matter if you’re in the process of starting a business or have been an owner for many years, there are benefits of business planning. Tip: it’s best to tackle planning when your company is in its infancy, as doing so allows you to get everything in order from day one. Here are some of the things to think about and questions to answer as you get started with business planning:

Which legal structure, such as an LLC or corporation, is best for your company?

What types of tax benefits are available to you? How do you take advantage of them?

Do you have contracts in place with your partners, employees, vendors, and anyone else who is integral to the well-being of your company?

Do you have a succession plan in mind?

What are your short and long-term business goals?

Are you familiar with any legal vulnerabilities that could haunt you in the future?

It’s easy to get so excited about launching or growing your company that you overlook the importance of business planning. Rather than make this mistake, slow down and get everything in order right now. Even though it’ll take some time, money, and other resources to figure everything out and answer the key questions above, it’s well worth it in the long run. You’ll feel much better about the current and future well-being of your company. Do you have questions or concerns about business planning? Are you hoping to get on the right track sooner rather than later? If so, contact us to discuss your situation, learn more about our services, and take a step in the right direction.

Chandler V. Client Review September 8, 2020

Estate Planning attorneys are sometimes criticized for offering needlessly complex, 'canned' solutions. This never has been the case with Kevin. The documents he created were comprehensive when appropriate and surprisingly simple when suitable. In every case, they were individually crafted to meet our unique needs.

Rich D. Client Review September 8, 2020

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