A new case from the 9th Circuit reveals a huge pitfall when using beneficiary deeds in Arizona: there is no protection for beneficiaries who enter bankruptcy. Jones v. Mullen (BAP 9th Cir. 2/5/14). A beneficiary deed is a deed prepared by the owner of any real estate property in Arizona and designates who will own…
DetailsArizona May Be Stepping Up Prohibition On Texting-While-Driving A new bill was introduced to outlaw texting while driving for those drivers age 16 or 17. HB2359 – TEENAGE DRIVERS; COMMUNICATION DEVICES PROHIBITED Prohibits drivers under the age of 18 from driving a motor vehicle while using a wireless communication device, except during an emergency if…
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DetailsGACA Legislation Update For Arizona SeniorsArizona State Government Set Up “GACA” To Advise The Governor On Issues Affecting The Senior Population In Our State The Governor’s Advisory Council on Aging publishes an update on pending legislation and other news periodically at their website. This is a useful resource to stay abreast of new laws and…
DetailsArizona Governor Signed Into Law A Change That Should Make Owning LLCs More Similar To Other Types Of Assets SB1233 amends the Arizona Limited Liability Company Act by adding a new provision: allowing interest in an LLC to be held by two or more people as joint tenants with right of survivorship or by a married…
DetailsKeystone Law Firm’s Living Trust Seminar Our next free living trust seminar: “12 Deadly Sins of Estate Planning & How to Avoid Them” May 14, 2013 UPDATE – Now Every Month With Keystone’s Own, Francisco Sirvent When: Now On Going Where: Select Choice Of Event Time & Place on our Upcoming Events Page. Register for the…
DetailsAs an estate planning attorney, there is nothing more frustrating than for Congress to keep moving the target. Federal Estate Tax Laws Are Finally Fixed Congress approved and the president signed the 2013 fiscal cliff deal, approving an exemption amount of $5,250,000 with a top estate tax rate of 40%. Here’s what that means in…
DetailsThe Fiscal Cliff Fix – Has Congress Reached The Deal Yet? There is nothing like a deadline to force our two major political parties to compromise. Recent reports suggest that a deal on solving the fiscal cliff may be nearing resolution: National Review is reporting some sketchy details, but here are the main points: Current…
DetailsThe VA Has Recently Announced A Rule Change Which Will Make Annual Paperwork For Veterans Simpler Claimants who receive the VA Improved Pension benefit have been required in prior years to prepare and file an “EVR”, Eligibility Verification Report, every January. The EVR is used to report necessary information to the VA for reauthorization of…
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