A lot of Arizona families are hearing about the so-called “Big Beautiful Bill” and thinking, “Well, that’s great news — the estate tax exemption is going up. We’re not millionaires, so I guess we don’t need to worry about estate planning.”

That reaction is understandable. If the federal exemption is increasing, and Arizona doesn’t have its own estate tax, it’s tempting to believe estate planning is only something the very wealthy need to worry about.

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