As 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…
DetailsThere Is Some Rumbling From Colleagues In Washington D.C. The estate tax exemption amount will be increased to $3.5 million and a gift tax exemption at the same levels as 2009. This would be a significant benefit to most Americans who, unknowingly, have an estate tax problem. Here’s why: In 2013 the estate tax levels are…
DetailsApparently both sides of the aisle in Washington are considering it. An article in the Wall Street Journal should put the scare in high income earners who have historically been able to earn a modest interest “income tax free” with municipal bonds. Read more information.
DetailsImplementation Of Obamacare – The Affordable Care Act I’m watching a webinar put on by the State Bar of Arizona about the implementation of Obamacare, or the “Affordable Care Act.” The major points of the implementing the AFA are: To expand Medicaid coverage to those under 65 and who have income under 100% of the…
DetailsWe have recently been helping many clients deal with the legal issues that come up after a family member passes. Whether that person had a will or trust (or neither), there usually are some legal questions that come up and some easy questions you can ask to properly assess your particular situation. Watch this short…
DetailsIn Arizona A Beneficiary Deed Can Be Used To Pass Property After Your Death To Whom Ever You Name Arizona beneficiary deeds are governed by Arizona Revised Statutes Title 33 section 405. With a beneficiary deed property passes to your named beneficiary without involving the Arizona probate courts. Avoiding probate is usually accomplished with a…
DetailsOne Of The Things That You Have To Decide When You’re Setting Up Your Power Of Attorney. Your last will and testament or your living trust is who you are going to name as your financial agent or your successor trustee. The decision needs to be thought out very carefully because that person will be…
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