Estate planning is one of the most important things a person can do. Properly executed estate plan documents provide an orderly way to take care of a person’s property after death or incapacity. In some cases, that property will continue to be used by family members for generations. As a business owner, you know the…
DetailsWhen it comes to retirement, there’s no ‘one-size-fits-all.” That’s good, because retirees are a diverse group. Some prefer a quiet life, while others want to ‘let it all hang out’ like they couldn’t do while they were working or raising a family. With a little research and outreach to like-minded souls, you can get the…
DetailsWe like to protect things. Children, pets, ourselves, our homes – all important things we try to keep from harm. And records, too. Financial records, family history, and, of course, legal documents all need some tender loving care. In fact, your estate planning document may be the most important documents you need to protect. Organize…
DetailsMaybe you’ve considered the question of whether to retire or whether to keep running your business. And you’ve decided it’s time to trade in your ergonomic executive chair for a cushy deck chair. But then more questions arise: What will happen to your business? Who will take over? And can you hand over the keys…
DetailsManaging the probate process for an estate can be complicated, and even more so when the decedent lives in one state and owns property in another. If a member of your family dies while owning property in multiple states, an Arizona ancillary probate may be necessary. Arizona Probate & Ancillary Probate Explained Many people use…
DetailsMost people enjoy giving presents and watching people open them. Gifting is also an important tool used while preparing an estate plan, but some gifts may be taxable by the Internal Revenue Service. Federal Gift Tax Explained In 2017, individuals can give up to $14,000 per person to as many people as they want. Spouses…
DetailsBenjamin Franklin said, “In this world nothing be said to be certain, except death and taxes.” Most of us pay taxes like income tax, sales tax, and capital gains tax. When it comes to estate planning, both death and taxes come into play. Fortunately, we can use strategies for reducing taxes that we owe. Income…
DetailsSwedish tennis legend Bjorn Borg retired in 1983 – at age 26. Jack Borden, an attorney from Weatherford, Texas, was still practicing law when he died at age 102. Some people retire because they’ve reached the top of their career and want to move on to something new. Others keep working from necessity or just…
DetailsSome people put off estate planning because they don’t want to think about death or feel they don’t have enough property to bother with. Others pay the lowest fee possible, either by hiring an inexperienced attorney or buying forms from an estate planning website. While it may seem like winning to save a little…
DetailsEvery person leaves a legacy, a way for their families and friends to remember them. Legacies can consist of favorite memories, belief systems, and tangible assets like homes or financial accounts. No one can take away the memories you leave, but how can you go about protecting your tangible assets for the next generation? What…
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