The Gift Tax Law: When a Gift May Not Be a Gift What Is The Gift Tax Law & How Does It Work? It is better to give than to receive. But if you give a gift above a certain amount, you might end up owing money to the Internal Revenue Service (IRS). The federal [...]

What Is An NFT? Beginner's Guide To Non Fungible Tokens Why Should You Be Interested In Having NFTs In Your Estate Plan? A non fungible token (NFT) is a unique digital code that represents a digital item such as art or music, as well as a growing number of physical items, that runs on the [...]

Are Electronic Wills Changing The Future Of Estate Planning? Will Electronic Wills Be Valid In Estate Planning In Arizona? It was not very long ago that all legal documents were printed on paper and signed with a pen. But in today’s world, where we sign commercial contracts, form and run businesses, and buy everything from [...]

Protecting Yourself From Self- Dealing Claims When Acting As a Trustee A Trustee's Guide To Self Dealing Claims A trustee usually has quite a bit of discretion in their management of a trust’s accounts, money, and property (known as assets). At the same time, as a fiduciary, a trustee also owes the trust’s beneficiaries a [...]

Transfer-On-Death Deeds: What Are They & How Do They Work? How Beneficial Can Be Signing a TOD Deed Upon Your Death? What Is a Transfer-On-Death Deed? If you own real property, such as a home, in your sole name but you have not created a trust and transferred your property’s title to the trust, it [...]

Pour-Over Trust: Estate Planning For Married Couples How To Distribute Your Assets In a Pour-Over Trust A number of married couples think about their accounts and property as “yours, mine, and ours,” especially if either or both spouses have gotten or will be getting remarried, married late in life, or have brought or will be [...]

The Clayton Election & Marital Disclaimers: Estate Tax Planning Essentials Know Which One Is Better For Your Estate Plan Deferring, minimizing, or avoiding estate taxes altogether is often an important estate planning goal for married couples. However, uncertainty surrounding what the estate tax laws and the value of their accounts and property will be at [...]

Springing Financial Powers Of Attorney: What Is It & How Does It Work? What If Something Goes Wrong While You Are Alive? The Importance Of a Springing Financial POA Estate planning is about more than preparing for the inevitable. A good estate plan should also consider the unexpected. Your plan may have detailed instructions for [...]

What Is a Statement Of Intent & Why Is It Critical For Your Estate Plan? Two Different Ways Of Documenting a Trustmaker's Intent The reasons you, as a trustmaker, create a trust are certainly special and important to you, but your intent or purpose for creating a trust can also have significant legal ramifications. For [...]

How The FAFSA Form Changes Impacts Grandparents FAFSA Updates: In What Way Could Affect Grandparents 529 Plans To Fund Their Grandchild’s Education? For grandparents who want to leave a legacy to their grandchildren, the gift of a 529 college savings plan is an option. Not only can opening a 529 plan account help a grandchild [...]