Moving trust from one state to another? Do you need it? The short (and correct) answer, is maybe. Only a qualified estate planning attorney in your new state can tell you for sure. Why? Tax Laws May Be Different Some states have different death taxes and if your old state didn’t deal with the new…
DetailsDeciding How Long To Keep Tax Records & Which To Shred Can Be A Bit Of A Guessing Game Some keep every single piece of paper or file in the world and others tend to pitch things faster than they should. All documents are not created equal. Some must be kept longer than others; the…
DetailsOne Way To Lower Your Tax Bill For 2016 Is To Accelerate Deductions Before December 31 Contributing to your favorite cause when it is a 501 (c) 3, is a terrific way to get another deduction. Did you know you can supercharge the tax benefits of your generosity by giving appreciated stock or property rather…
DetailsEstate Tax Repeal In Arizona – Is It Possible? The small percent of people in this country whose assets would be subject to the US estate tax have been waiting for a Republican president for eight years who could finally repeal this tax. While getting this accomplished is still a difficult task with any president,…
DetailsWe All Want To Leave Something In This World That Will Be Remembered For Generations When We’re Gone A sense of meaning and purpose becomes even more valuable as we all grow older. Whether you have children or grandchildren, the roads we have taken and the lives we have led can become very important to…
DetailsBlended Families–Beginning a new family brings many exciting firsts and even a few scary ones. There is even more to consider when the new arrival is blended with a blend of existing children. When children come together from both parents starting a new life together, challenges can emerge that should be addressed. You may remember…
DetailsFuneral Pre-Planning Can Be Tricky But It Can Also Be A Wiser Choice Rather Than Waiting Imagine there was only one food store in town. The only time you were allowed to shop there is two days after you ate your last bit of food. Think the store owner could sell you anything he wanted…
DetailsOur New Arizona Tax Program Is Designed With One Goal: To SAVE TAXES Every Year! Ever had your CPA call in the middle of the year and say, “Hey, I have a really good idea on how you can save taxes next year.” We know most people don’t get that phone call. And that’s a problem…
DetailsAre You Now Or Do You Expect To Help An Elderly Parent Or Relative Manage His Or Her Finances? Have you been given a power of attorney? If you answered yes to any of these questions, you have both legal and ethical obligations in your role as a fiduciary. What are they? As A Fiduciary,…
DetailsGetting A Valuation Adjustment For Certain Family Owned Businesses Has Been A Critical Planning Strategy In Avoiding An Estate Tax After Someone’s Death Well…the IRS is proposing to eliminate that strategy. Just yesterday, in the Federal Register, the IRS proposed new regulations that would all but eliminate valuation adjustments. This would apply to business entities,…
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