There 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…
DetailsThe Story Line Is Not Uncommon A couple marries in their golden years to spend the remainder of their lives together in community. They buy a house together and agree that whoever lives longer can stay in the house for the rest of their life (that is called a “life estate”). Sometimes, the spouse with…
DetailsA recent study by the US Census Bureau found that by 2050 the global number of people in older populations will exceed the number of children. This Is Explained By Declining Fertility Rates And Increased Life Expectancy. China’s strict one-child per family rule is a large contributor to declining birth rates and family size, especially given…
DetailsHow Will Stevie And Kai Fare Through The Divorce? Well, California, like Arizona, is a community property state. That means anything acquired during the marriage is equally owned by them both. For that stuff, the court will require them to split it 50/50 unless they agree to something else for their divorce settlement. With their…
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