Estate Planning, Probate, Small Business, & Asset Protection
Taxation of Gifts & Estates is often misunderstood, with many misconceptions floating out there. Here’s some important facts concerning (2023) Federal Gift & Estate Tax laws. Estate Taxes Only Apply to Property Transfers at Death that Exceed Exemption Limits In 2023 individuals can pass $12.92 Million upon death to beneficiaries with no Federal Estate Tax.… Continue Reading
HP Law has been nominated for the West Valley Favorites for Attorney/Law Firm in the Professional Services category! You can find us under ‘Estate/Trust Attorney or Law Firm’. Please help us make it to the competition round by voting and nominating us every day (only the top 5 of each category make on)! Continue Reading
Failure to plan is emotionally and financially EXPENSIVE to you and your family. Do not allow your Legacy to be damaged by these Errors: 1. No Healthcare Directives If you suffer an illness or disability without healthcare directives, others will make critical decisions for you, even in violation of your values and beliefs. In some… Continue Reading
THE SECURE ACT A New Law Changes How Retirement Accounts are Inherited The SECURE Act became effective January 1st and is the most important law passed in decades governing Retirement Accounts (IRA, 401k, etc.). The highlights include: • Your Required Minimum Distributions (RMDs) can be delayed until you’re 72 (not 70 ½). • Age restrictions… Continue Reading
These are difficult times as a global pandemic consumes our attention and forces upon us dramatic change and uncertainty. Our careers, education, businesses, investments, worship, healthcare, and how we interact with others have all changed. But maybe there’s a silver lining… Maybe we have reflected on what is truly important and re-aligned priorities. We see… Continue Reading
To our valued clients and community members, Coronavirus (COVID-19) is at the forefront of our conversations and is affecting our individual decisions daily. While we navigate through these uncertain day-to-day changes, we are reaching out to assure you of our commitment to our clients and community. HP Law is committed to keeping our office space… Continue Reading
If you want to start a home-based business or expand your “brick and mortar” operation, selling online is a great way to increase sales. Before you begin, however, there are several legal issues you should be aware of. Properly Form & Use a Business Entity: Whether you’re a Start-Up or expanding to online sales, use the… Continue Reading
Estate Plan Fundamentals Below are some fundamental concepts you should understand when creating or changing your Estate Plan. Probate: Court-mandated Estate administration for the deceased, whether or not they had a Will. Primary functions include authentication of Will, appointment of Personal Representative, identification of heirs, payment of debts, and distribution of property. Conservatorship/Guardianship: Court appointment… Continue Reading
There are over half a million small businesses in Arizona employing approximately 45% of all non-public employees. Many in our Arrowhead community are small business owners and know that starting a new business is risky. Loans and leases, particularly with new businesses, frequently require the dreaded “Personal Guarantee”. A personal guarantee is a legal commitment by… Continue Reading
Arizona has over 800,000 Limited Liability Companies (LLCs) with thousands formed each year. LLCs are very popular for their ease of formation and maintenance and taxation flexibility compared to other entities like Corporations & Partnerships. The new Arizona Limited Liability Company Act (ALLCA) was signed into law in April 2018 and replaces our LLC laws… Continue Reading
As a business owner, you’ve got your hands full just taking care of day-to-day operations. Essential tasks like the maintenance of your business entity can slip through the cracks. While these tasks may not be on the top of your to-do list, keeping your business entity up-to-date is absolutely essential to your continued success.
Estate Planning, Asset Protection, Trust & Probate Attorneys service Arizona
By Appointment Only: 19420 N 59th Ave, C-265 Glendale, AZ 85308
Site Designed and Managed By Heart Soul CEO
