By John Even | Published June 30, 2015 | Posted in Estate Planning | Comments Off on Estate Planning For The Business Owner
For many of my clients who own businesses, their business is the largest asset in their estate. Yet, many of them fail to plan for this important asset. For family-owned businesses, there is generally one simple choice that the owners must face regarding their business – should we pass the business onto our children or Read More
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As most of you already know, generally speaking, I recommend that my clients draft their estate planning documents to avoid probate after a loved one has passed away. With proper planning, it is possible to draft documents that will allow you and your family to avoid probate in almost every situation. As I have stated Read More
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Well, Spring has definitely sprung! And in Arizona, we skipped right past Spring and into Summer in about a week. I know that you probably do “Spring cleaning” at your house every year about this time, but when is the last time that you did “Spring cleaning” for the important legal documents in your business? Read More
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Last Saturday, we all celebrated Valentine’s Day with our loved ones. Like other special holidays and birthdays during the year, it is a great time to tell your family members that you love them and how much they mean to you. One of the best Valentine’s gifts that you can give to your spouse, your Read More
Read MoreI hope that you and your family had a wonderful Christmas holiday! Before the end of the year, there are two charitable giving opportunities that I wanted to bring to your attention from a tax perspective. First, earlier this month, President Obama signed a bill that granted an extension for tax-free distributions from your IRA Read More
Read MoreYour mom, the surviving parent, passes away, and one of your siblings or another relative becomes the successor trustee under mom and dad’s trust. Then, several months go by, and you, a beneficiary of your parents’ trust, get absolutely no notices, and you suspect that something is wrong. Moreover, you have requested information from the Read More
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When most people think of probate, they think of proving up a Will by going to Court, but they have no idea how that happens. Although different states have different statutes for dealing with probates in their state, in Arizona, there are essentially two different ways to administer a Will in probate, either formally or Read More
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It seems like more and more families I know have one of their family members (usually a parent) struggling with Alzheimer’s or dementia. And when one family member is struggling with this disease, then typically the whole family is too. In this situation, lots of issues need to be addressed. Who should be the caregiver? Read More
Read MoreToday is income tax day. So probably the last thing you want to hear about is estate taxes, right? However, there are a lot of misconceptions about estate taxes, and I wanted to take just a few minutes to clear them up and help you understand estate taxes better. What is Estate Tax? Estate tax Read More
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So you just signed your revocable living trust at your attorney’s office, and you are wondering if there is anything else you need to do to make sure that your estate is protected. The answer is yes! You also need to make sure that your assets are actually re-titled into the name of your trust. Read More
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