Congratulations! You Are NOW A Trustee! When someone approaches you to act as a trustee, usually it is a parent, a son or daughter, a trusted friend, a spouse or some other family member. It is very common for the trustee to have very little idea what the responsibility means. Yet, being a trustee is…
DetailsTrustCare™ Questions Answered: Is Money Distributed From An IRA Account Taxable? Money that is distributed from an IRA account is taxable income. The only time money from an IRA is not taxed is when it passes from one spouse to another after the death of the first or under certain circumstances when it is given…
DetailsOnce Again, Congress Is At Work To Eliminate The Death Tax That Has Been In Place Since 2013 The Death Tax Repeal Act of 2015, if enacted as it is written, eliminates the federal generation skipping transfer tax, too. Long decried by a super majority of voters—Democrats and Republicans alike–the death or estate tax has…
DetailsFailure To Maintain Control Of Health Care Decisions This is the first of the12 Deadly Sins of the Keystone Law Firm Estate Planning seminar. For those who haven’t yet attended it, #1 can be devastating for ANY family if this goes wrong. Families today also look a lot different than they did even 15 or…
DetailsWhat Legacy Traditions Are You Sharing With Your Family? Spring holiday traditions may not be as popular or familiar as stockings by the fireplace or menorahs alight on our tables but they still scream FUN and are a legacy that raises memories of years past. Easter, Passover and later on, Mother’s Day and Father’s Day…
DetailsWhat’s New At Keystone Law Firm? As many of your know, our law firm was the “Sirvent Law Firm” before August 1, 2014, when we moved to the new office location at Price & Queen Creek. That was when the law firm name changed to Keystone Law Firm. Our mission remains the same: to put…
DetailsCongress recently passed the ABLE Act, or more formally known as the “Achieving a Better Life Experience Act of 2014.” The Stated Purpose Of This Act Is: (1) To encourage and assist individuals and families in saving private funds for the purpose of supporting individuals with disabilities to maintain health, independence, and quality of life.…
DetailsHave You Heard Of Anyone Putting Their Adult Child On Their Bank Account? Usually it is done with the idea that if something happens to them, the child will have immediate access to some funds to pay bills or travel costs. You know who else loves this type of planning? Your child’s creditors. The largest…
DetailsKeystone Law Firm Has A Big Announcement After working closely with John Hagensen, CFS, for the last two years, and since passing the Series 65 exam in July, Francisco and John have decided to embark on a new venture to truly bring comprehensive financial services to our clients. Beginning August 1st, 2014, Sirvent Law Firm…
DetailsPresident Obama Has Filed His FY2015 Budget Proposal. This budget includes a significant change to the annual gift exclusion per donor and donee to a yearly cap of $50,000 TOTAL annual gift exclusion per donor. Current law allows $14,000 annual gift exclusion per donor to a specific donee (person receiving a gift). This proposal would…
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