Elder Abuse – Signs it is Occurring and Ways to Prevent It

Elder abuse is, unfortunately, an all-too-common occurrence in our country.  In fact, the National Council on Aging estimates that as many as 1 in 10 Americans over the age of 60 has been victimized by some form of elder abuse (most commonly, this occurs as some variation of financial exploitation).  What many people fail to [...]

2019-05-31T11:23:13-07:00May 8th, 2019|Uncategorized|0 Comments

What To Do After a Loved One Dies

If you've been appointed as executor (in Arizona, the term is Personal Representative) of a loved one's estate, or as successor trustee, and that person passes away, your grief, not to mention your to-do list (e.g. funeral planning, coordinating visiting loved ones, eventually meeting with the family estate attorney), can become quite overwhelming.  It’s important [...]

2019-05-31T11:19:35-07:00March 28th, 2019|Funerals|0 Comments

Long-Term Care Costs – Are you Well-Prepared for Them?

As Elder Law attorneys, we help financially-concerned clients qualify for needs-based, long-term care assistance under Medicaid (aka, ALTCS).  Think of this as financial support for those that otherwise would be unable to pay for such end-of-life care (which, at a minimum, involves assisted living or a possible stay at a residential care home and, more [...]

2019-02-22T15:33:06-07:00February 22nd, 2019|Uncategorized|0 Comments

*An Efficient Way to Give – Part Two

(This analysis does not include planning for the use of state tax credits for gifts to qualified charities.) In a previous post, we suggested that direct gifts of your required minimum distributions (RMD) from your IRA trustee or custodian to your church or other charities is a tax-efficient method of giving (as opposed to you [...]

2018-10-31T09:00:14-07:00October 31st, 2018|Uncategorized|0 Comments

*An Efficient Way To Give – Part Three

(This analysis does not include planning for the use of state tax credits for gifts to qualified charities.) In two recent posts, we suggested two charitable giving strategies which are even more advisable under the new Tax Cuts and Jobs Act (effective January 1, 2018): -gifting your required minimum distributions (RMD), transferred directly from your [...]

2018-10-25T16:00:13-07:00October 25th, 2018|Uncategorized|0 Comments

An Efficient Way To Give

If you are 70 and ½ years of age, you are required to take minimum distributions (RMD) from your IRAs or else pay penalties. This RMD is then treated as taxable income to you. Under the new tax law passed in December 2017 and effective beginning January 1, 2018, the standard deduction has been increased [...]

2018-07-06T11:42:49-07:00July 6th, 2018|Assests, Beneficiaries, Inheritance|0 Comments

3 Foolish Ways to Leave an Inheritance for Your Children

Estate planning offers many ways to leave your wealth to your children. However, the key is being aware of what not to do. Here are some all-too-common mistakes to avoid: Joint Tenancy:  In lieu of setting up a trust (or, conversely, passing assets under a will), some people avoid a formal document and instead name [...]

2017-09-06T10:03:46-07:00September 6th, 2017|Inheritance|0 Comments

Which Life Events Require an Immediate Estate Plan Update?

Estate planning is the process of developing a strategy for the care and management of your estate if you become incapacitated or upon your eventual death. One commonly known purpose of estate planning is to minimize unnecessary taxes and costs, including taxes imposed on gifts, estates, and probate court costs. However, your plan must also [...]

2017-08-02T15:16:03-07:00August 2nd, 2017|Preparing for Consult|0 Comments

Why So Personal, this Estate Planning stuff?

Often times, the process of planning one’s estate involves asking rather private questions and seeking answers to deeply personal issues.  But why does an attorney need to know this when a “situation is simple?”  Because estate planning is, by nature, very personal.  Without your estate planning attorney asking such probing questions, she or he cannot [...]

2017-07-10T12:15:08-07:00July 10th, 2017|Preparing for Consult|0 Comments

Your Cyber Legacy: 3 Tips for Your Digital Assets

There is an entire category of assets which, too often, are overlooked when planning your legacy – digital assets.  Perhaps you didn’t even consider these items to be “assets” when you set up your own will or trust.  If so, there is no need to worry as they are somewhat straightforward to address. The first [...]

2017-06-08T14:40:19-07:00June 8th, 2017|Digital Assets, Uncategorized|0 Comments