Estate Planning, Probate, Small Business, & Asset Protection
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
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
Taxation of Gifts & Estates is a topic that is often misunderstood. Many misconceptions about Gift & Estates tax are floating out there. The following are some important things to note about current Gift & Estate Tax laws. Federal Estate Tax Applies Only to Property Transfers at Death that Exceed Exemption Limits In 2019 individuals… Continue Reading
How to Pick a Fiduciary (Trustee, Executor, Power of Attorney) Choosing a Successor Trustee, Personal Representative (Executor), or an Agent in your Medical or Financial Powers of Attorney can be difficult. When you nominate someone, you’re picking someone to make decisions for you and your loved ones when a crisis occurs (death or disability). Understanding… Continue Reading
Newlyweds and New Parents Need Estate Planning Too! Congratulations! Life is new and exciting! You’re a “grownup” now! You’ve recently married or welcomed a new bundle of joy into your life! The honeymoon, unfortunately, is over, and it might occur to you that “I’m not just living for me, I’m living for them too!” You… Continue Reading
Dear Family Member; Please accept my condolences on the passing of your loved one. This letter is a response to your concerns about how to settle the Estate and help you overcome the confusion you are experiencing at this difficult time. You will likely need to file a Probate with our County Superior Court. I… Continue Reading
Below are common Estate Planning errors that can easily be avoided. The important thing is to take action sooner rather than later and to NOT procrastinate! Nobody wants to ponder their mortality or disability, but failure to plan is costlier, both emotionally and financially, on your family. One of the greatest gifts you can give… Continue Reading
The Tax Cuts and Jobs Act passed recently is perhaps the most significant change in tax law in 30 years. There are several significant changes that may affect your Estate & Financial Planning: Estate Taxes Starting January 1, 2018, the Estate, Gift, and Generation-Skipping Transfer (GST) tax exemptions double from $5 million to $10 million. … 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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