Have 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…
Keystone 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…
President 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…
When leaving an inheritance in a trust for beneficiaries’ lifetime, the money or property you leave them can be protected from their own creditors, lawsuits, bankruptcy, and even divorce. When using this option, however, you must consider who the trustee of that trust will be during the beneficiary’s life. Categorically Speaking There Are Only Three…
In Case You Need To Know The Dates Of Eligibility For The VA Improved Pension Benefit Under Current Law, VA Recognizes The Following Wartime Periods To Determine Eligibility For VA Pension Benefits: World War I (April 6, 1917 – November 11, 1918) World War II (December 7, 1941 – December 31, 1946) Korean conflict (June…
Ever Felt Like You Were Cheated In A Purchase? Or like something was hidden from you? Arizona law protects buyers from “defraud”. But what is defraud, legally speaking? A recent case from our Appellate Court explained it this way: “When one is asked a question that fairly calls for disclosure of a material fact, he…
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…
Arizona 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…
Keystone Law Firm 2701 W. Queen Creek Rd. #3 Chandler, AZ 85248 Phone: (480) 418-8448