Estate Planning, Probate, Small Business, & Asset Protection
Quick Review: A Trust consists of at least three parties: Trustor, Trustee, and Beneficiary. Being named as Trustee (or “successor Trustee”) is an honor, but it comes with significant responsibility. Often the role begins after the death of the Trustor, but a Trustee may step in during incapacity or when invited to assist with financial… Continue Reading
Creating a living trust is a foundational step in a well-designed estate plan, but its effectiveness depends on what happens next. A trust that is never properly funded can leave families facing probate, unnecessary taxes, and loss of control—precisely the outcomes most people seek to avoid. What “Funding” a Living Trust Really Means Funding a… Continue Reading
Why revisit my Trust Now? Many couples established Revocable Living Trusts more than a decade ago, at a time when estate tax planning was driven by federal exemption amounts of $600K per person, instead of today’s $15 million. As a result, many of these trusts include a mandatory A/B trust split at the first spouse’s… Continue Reading
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
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
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