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Pet Trusts Provide Pet Owners Peace of Mind
To many people, their pets are not only “man’s best friend” but beloved family members. These pet lovers aren’t merely pet owners, they’re proud mothers and fathers of their “fur babies.” So to many, it is critical that caring for their pet’s well-being continues if they’re incapable of caring for them. One method to make...
Read MoreDoes Your Estate Plan Pass the Multigenerational Test?
"Life happens" for every generation: parents, children, grandchildren, or great-grandchildren. So, it is important to consider how you want to leave your legacy through multi-generation estate planning. According to a recent Forbes article, the amount of wealth that will pass down from generations over the next decade will be more than any generation in the...
Read MoreEstate Planning Tips Every Baby Boomer Needs to Know
Baby boomers have accumulated more wealth than any previous generation, according to The Wall Street Journal. Specifically, Americans over 70 years old have accumulated more than $35 trillion in assets, according to Federal Reserve data. That figure accounts for 27% of all wealth in the United States, an increase of 20% compared to 30 years...
Read MoreEstate planning for LGBTQ families is essential
Attorneys explain what you need to know when creating such plans Estate planning is essential for families hoping to plan for the future. LGBTQ families are no exception. That’s the focus of a recent CNBC News story about this important topic. Estate planning attorneys in Arizona who deal with these issues every day agree. Same-sex...
Read More7 steps to create a successful estate plan
The basic elements of an estate plan are cut-and-dried. Beneath the surface, though, are issues that catch many people by surprise. Here are steps you can take when creating an estate plan to avoid some of the most common pitfalls. Is your family ready? You need a complete estate plan, one that includes a will,...
Read MoreWhen to give inheritance money to your kids
Deciding to give inheritance money to your children or grandchildren is tricky. Do you wait until you die? Do you give them some money now so you can see how wisely they spend it and maybe share in their enjoyment? Our estate planning attorneys discuss these and other issues. When to give? In general, experts...
Read MoreHow to avoid an IRS audit
One of the most common questions a tax attorney gets asked is: How do I avoid an IRS tax audit? Fortunately, the odds of getting audited by the IRS are fairly low. Still, there’s no guarantee that you won’t get contacted by the IRS and face scrutiny after you’ve filed your taxes. The tax filing...
Read MoreYour guide to estate planning during a pandemic
Billionaire Warren Buffet once famously said that investors should be “fearful when others are greedy, and greedy when others are fearful.” With COVID-19 still spreading across the nation, this is certainly a time of fear for many. In this environment, people have the opportunity to capitalize on their “greed” - the good kind. Right now...
Read MoreHow to get help with end-of-life planning
You may have been putting off end-of-life planning for yourself or a loved one. The process can be long and daunting. An experienced estate lawyer can help you complete the legal paperwork and compile the necessary documents. There are many advantages to putting a plan in place sooner rather than later. Not only will you...
Read MoreWhat is a power of attorney and how important is it in estate planning?
When you're talking about end-of-life planning, the term "power of attorney" gets thrown around a lot. This is an important element of your estate plan because it empowers you to decide who will make decisions when you're no longer able to do so yourself. So what is "power of attorney" anyway? In essence, a "power...
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